Cryoport Forms Strategic Relationship with Takeda’s BioLife Plasma Services
Cryoport plans to establish an integrated supply chain platform with BioLife Plasma Services to offer standardized cell therapy collection, processing and storage services in United States and Europe overtime
NASHVILLE, Tenn., September 8, 2022 /PRNewswire/ — Cryoport, Inc. (Nasdaq: CYRX) (“Cryoport” or the “Company”), a global leader in temperature-controlled supply chain solutions for the life sciences industry, today announced that it has entered into a strategic relationship with BioLife Plasma Services , part of global biopharmaceutical company Takeda, to provide consistent, high-quality cellular starting material for use in the manufacture of life-saving cell therapies.
By combining BioLife Plasma Services’ proficiency in apheresis collection and their donation center infrastructure with Cryoport’s world-class life science capabilities and expertise in supply chain solutions temperature-controlled for the biopharmaceutical industry, the companies aim to establish an integrated and standardized apheresis collection. , processing and delivery solution for cell therapies. Importantly, the new platform will leverage the cryo-processing expertise of Cell Matters, which Cryoport acquired at the end July 2022.
Today, the availability of cell therapy assets is limited by lack of flexibility in donation planning, lack of standardization in collection and processing, and inherent challenges in ensuring compliance with Good Manufacturing Process regulations ( GMP). This new relationship, which will facilitate strict compliance with applicable GMP regulations, aims to shorten processing and logistics times and standardize collections, contracts and equipment, enabling researchers and developers to accelerate therapy programs. cellular. Increased access to apheresis, with efficient, scalable and reliable end-to-end processes, will benefit not only donors and patients, but also manufacturers and providers of these life-saving therapies.
Commenting on the agreement, Jerell SheltonCEO of Cryoport, said, “This strategic relationship with BioLife Plasma Services is a great example of how our world-class expertise in providing supply chain solutions to the life sciences industry and our expansion into new geographies and service offerings, such as bioservices and cryo-processing, creates exciting new opportunities. Our goal is to streamline the complex processes required to treat an increasing number of patients with today’s most advanced cell therapies while ensuring the highest standards of quality and safety.
As a first step, the two companies will establish a new operating platform in Houston, TXwhich will provide end-to-end collection, processing and distribution services by bringing together new Houston-global supply chain hub with local BioLife Plasma Services donation facilities. Under the direction of trained BioLife employees with in-depth knowledge of the fields of cell therapy and apheresis, cell collections will be performed by dedicated cell collection personnel in a designated space within the BioLife Plasma Donation Center. Services. Effective immediately, the companies will cooperate in strategic sales and marketing activities, with the aim of attracting and creating a pipeline of customer demand that will utilize supply. This will provide the opportunity to define the infrastructure and capital commitments needed to scale and potentially expand the offering across United States and Europe overtime.
Hema TallmanGlobal Head of BioLife Plasma Services, added, “Cell therapy is one of the most promising areas of development in healthcare today. This agreement reflects the transformative leadership of BioLife Plasma Services and Takeda and their commitment to bringing better health and a brighter future to patients around the world. As we constantly explore how we might address unmet patient needs, this relationship will optimize the use of our first-class facilities, state-of-the-art capabilities and skilled workforce of healthcare professionals and technicians. . leader in flexible cryogenic logistics solutions, uniquely positions both companies to implement and potentially scale a market-leading end-to-end offering across our global network of donation centers that could enable more patients to benefit of these life-saving therapies. »
Operations are expected to begin in 2022 with apheresis programming and collections to be launched by BioLife Plasma Services in the Houston Region. Cryoport will provide cold chain solutions including packaging, logistics, data management, consulting, program management, cryoprocessing and bioservices.
About Cryoport, Inc.
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Forward-looking statements
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SOURCE Cryoport, Inc.
