Cryoport, Inc. a global leader in temperature-controlled supply chain solutions for the life sciences industry, announced that it has acquired Cell&Co BioServices, headquartered in Clermont-Ferrand, France with additional operations in Pont-du-Château, France. Founded in 2012, Cell&Co is a bioservices business providing biorepository, kitting, and logistics services to the life sciences industry. Its accreditations include ISO 9001, ANSM (Investigational Medicinal Products), NFS 96 900, and soon, ISO 20387. Supporting its biostorage and services of clinical and commercial biopharma therapies, Cell&Co has in-house QP services. In 2021, Cell&Co recorded revenue of approximately €2.6 million. Cryoport’s purchase price for Cell&Co was €6.2 million, comprised of upfront consideration of €3.6 million in the form of cash and Cryoport common stock, plus a potential earn-out of €2.5M based on achieving certain financial targets.
Cryoport, Inc., headquartered in Nashville, TN, is a global leader in temperature-controlled supply chain solutions for the life sciences industry supporting life-saving cell and gene therapies across the clinical and commercial spectrum. With 33 strategic locations covering the Americas, EMEA (Europe, the Middle East and Africa) and APAC (Asia Pacific), Cryoport’s global platform provides mission-critical solutions, services, and products to Biopharma, Animal Health, and Reproductive Medicine customers worldwide. In addition to its standard setting supply chain solutions, Cryoport is the world’s largest manufacturer of cryogenic systems and one of the largest life science focused specialty couriers. As of December 31, 2021, Cryoport supported eight commercial cell and gene therapies and 602 regenerative medicine clinical trials globally, with 74 of these trials in Phase 3. Cell&Co BioServices’ role is to provide the highest quality of service for its customers collections and related data throughout their life cycle: collection, production, transport, receipt, preparation, analysis, storage, dispatch and disposal. Cell&Co is a trusted partner of manufacturers and laboratories involved in a variety of life sciences markets. By maximizing the quality of the samples and related data entrusted to it, Cell&Co optimizes their value to customers current and future projects. Cell&Co combines state-of-the-art technology with dynamic, professional and specialist personnel, underpinned by a unique work philosophy. Mindful of the importance of security and standardization in the industry, Cell&Co BioServices is committed to offering services of the highest quality and to developing innovative solutions to support customers’ work in the fields of R&D, quality control, clinical trials, and bioproduction.