BioLife Solutions Reports Increased Adoption of CryoStor® and HypoThermosol® Clinical Grade Biopreservation Media Products and Strong Interest in Cloud Based biologistex™ App & evo™ Smart Shipper at ISCT Conference

Embedded IP Helps Cellular Immunotherapy and Regenerative Medicine Customers Overcome Manufacturing & Commercialization Challenges

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BioLife Solutions, Inc.

Jun 03, 2015, 06:00 ET

BOTHELL, Wash., June 3, 2015 /PRNewswire/ -- BioLife Solutions, Inc. (NASDAQ: BLFS), a leading developer, manufacturer and marketer of proprietary clinical grade cell and tissue hypothermic storage and cryopreservation freeze media and a related cloud hosted biologistics cold chain management app for smart shippers ("BioLife" or the "Company"), today reported several new customer disclosures on the use of the Company's CryoStor and HypoThermosol biopreservation media products in pre-clinical validation projects and clinical trials at the recent International Society for Cellular Therapy (ISCT) conference. Several posters citing the use of BioLife products included:

GSK – poster: Overcoming automation and formulation challenges in the manufacture and distribution of next generation ex vivo gene therapy products.
- Gene therapy: GSK2696273 - autologous CD34+ cells
- Clinical indication: SCID due to adenosine deaminase deficiency
- BioLife products used: CryoStor and HypoThermosol
- Results: HypoThermosol enabled stability for 7 days and function for 3 days; At days 14, 21, and 28 DMSO and CryoStor were able to maintain CD34 expression

HemaCare Bioresearch Products & Services – poster: Cryopreserved Leukopaks (LP) Maintain Cell Viability & Functionality.
- Source material: leukapheresis collections
- BioLife product used: CryoStor CS10
- Results: WBC, CD3, and CD14 counts between fresh and frozen/thawed LP were not significantly different; Viability of the cells was greater than 99% in all cases when gated on FSC/PI; Dendritic cell (DC) generation and purity was similar in all cases

MaSTherCell (for their customer Imcyse) – poster: Technology Transfer and Process Development for an Autologous Cell Therapy Against Multiple Sclerosis.
- Cell therapy: Sclerolym T cell therapy
- Clinical indication: Multiple Sclerosis
- BioLife products used: CryoStor CS5 and CryoStor CS10
- Results: "Switch to CryoStor solutions dramatically improved survival of mature DC"; "Sclerolym process was scaled-up, developed, and qualified as to allow timely start in phase 1 clinical studies."

RoosterBio – poster: Cryopreserved hMSC maintain comparable in vitro functional activity compared to fresh hMSC
- Cellular product: human mesenchymal stem cells
- BioLife product used: CryoStor CS5
- Results: Cryopreservation does not affect IDO Induction by IFN-y + TNF-α or Angiogenic Cytokine Secretion Profile

At the ISCT conference, BioLife also presented and demonstrated the evo smart, precision thermal shipper and it's connected, cloud hosted biologistex application which enables customers to pack, ship, and track high-value biologic based payloads including starting material for cell and tissue based products and manufactured cellular and regenerative medicine products and therapies.

A play on the word biologistics (defined as the processes, tools, and data used to monitor and manage the movement of biologic materials such as vaccines, cells, tissues, and organs across time and space), biologistex is poised to disrupt the 50 year old service chain for delivery logistics of biologic based materials through innovative, smart, precision thermal shipping containers and a cloud hosted logistics management application.

Mike Rice, BioLife Solutions President & CEO, remarked on the 2015 ISCT conference by stating, "This ISCT conference was a tremendous success for BioLife by any measure. We learned of several new groups using our biopreservation media products in clinical applications. Traffic at our exhibit was constant throughout the conference, as interest in our new evo smart shipper and cloud hosted biologistex app was very strong. We captured dozens of qualified leads and this event reconfirmed our belief that we have a phenomenal opportunity to help our customer further optimize yield and cost in the manufacturing and delivery logistics of their biologic based therapies, while improving the quality of their distribution practices."

About BioLife Solutions

BioLife Solutions develops, manufactures and markets hypothermic storage and cryopreservation solutions and precision thermal shipping products for cloud-hosted logistics management applications for cells, tissues, and organs. BioLife also performs contract aseptic media formulation, fill, and finish services. The Company's proprietary HypoThermosol^® and CryoStor^® platform of solutions are highly valued in the biobanking, drug discovery, and regenerative medicine markets. BioLife's biopreservation media products are serum-free and protein-free, fully defined, and are formulated to reduce preservation-induced cell damage and death. BioLife's enabling technologies provides commercial companies and clinical researchers significant improvement in shelf life and post-preservation viability and function of cells, tissues, and organs. For more information please visit www.biolifesolutions.com, and follow BioLife on Twitter.

This press release contains forward-looking statements, including, but not limited to, statements concerning new products, the company's anticipated business and operations, the potential utility of and market for its products and services, potential revenue growth and market expansion, and, projected financial results and liquidity. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. These statements are based on management's current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements, including among other things, uncertainty regarding market adoption of products; uncertainty regarding third party market projections; market volatility; competition; litigation; reliance upon SAVSU for completing the development and manufacturing of biologistex CCM's products; and those other factors described in our risk factors set forth in our filings with the Securities and Exchange Commission from time to time, including our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. We undertake no obligation to update the forward-looking statements contained herein or to reflect events or circumstances occurring after the date hereof, other than as may be required by applicable law.