New Contracts for Clinical Logistics - Report on Cryoport

Aug 03, 2015, 09:00 ET from www.aciassociation.com

NEW YORK, August 3, 2015 /PRNewswire/ --

ACI Association has initiated research coverage on Cryoport, Inc. (NYSE: CYRX). Select highlights from the internally released reports are being made available to the general public (included below), with access to the entirety of the research available to new members.

Today, membership is open to readers on a complementary basis at the following URL: http://www.aciassociation.com/?c=CYRX

Highlights from our CYRX Report include:

  • Logistics Support to CaRE Arthritis - In a press release dated June 17, 2015, Cryoport, Inc., the leading provider of advanced cryogenic logistics solutions for the life sciences industry, announced that it has been selected to provide comprehensive cryogenic logistics support to CaRE Arthritis and also aid their efforts in the development of personalized care options for arthritis. Cryoport informed that its validated solutions would provide integrity for temperature sensitive shipments, supporting patient access for CaRE Arthritis research and development efforts. 
  • Cryoport and CaRE Arthritis' Management Opinion on the deal - Jerrell Shelton, CEO of Cryoport, said, "We look forward to working with CaRE Arthritis to help them advance their research efforts.  We offer comprehensive as well as best-in-class cryogenic solutions to an industry that needs reliability in order to accelerate forward.  Cryoport is being recognized as a critical partner to the research community from a wide range of organizations." Further, Dr. Walter Maksymowych, Chief Medical Officer of CaRE Arthritis, added, "The development and application of new imaging and biomarker technologies is an essential step to bringing the concept of personalized medicine to reality in the day-to-day management of arthritis.  With the support of Cryoport's cold chain logistics, we are working tirelessly to better understand and efficiently treat the disease."
  • Logistics Provider to Lynden International - In a prior press release dated June 10, 2015, Cryoport reported that Lynden International has chosen the Company as its preferred provider to support cold chain clinical trial logistics for underrepresented diseases in Africa. According to Cryoport, its Cryogenic logistics solutions will complement Lynden's cold chain capabilities in support of its shipments of temperature sensitive materials for ongoing clinical trials in Africa. Lynden International is a full-service domestic and international freight forwarder with over 50 offices worldwide, including the United States, Micronesia, Canada, Mexico, Brazil, Russia and the Russian Far East.
  • Cryoport's CEO opinion on deal with Lynden - Jerrell Shelton, Chief Executive Officer of Cryoport, commented, "We are pleased with the opportunity to expand Lynden's capabilities with our validated cryogenic logistics solutions.  We have great experience in clinical trial logistics and look forward to working with Lynden in furthering clinical trial work in Africa for underrepresented diseases.  Our best-in-class cryogenic logistics solutions are a key component to providing the worldwide access that is required by the life science industry to successfully conduct clinical trials around the globe."

To find out how this influences our rating on Cryoport, Inc., read the full report in its entirety here: http://www.aciassociation.com/?c=CYRX  

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