Mission Statement, Vision, & Core Values (2024) of BioLife Solutions, Inc. (BLFS)

Mission Statement, Vision, & Core Values (2024) of BioLife Solutions, Inc. (BLFS)

US | Healthcare | Medical - Instruments & Supplies | NASDAQ

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An Overview of BioLife Solutions, Inc. (BLFS)

General Summary of BioLife Solutions, Inc. (BLFS)

BioLife Solutions, Inc. is a commercial-stage biopreservation and cell therapy tools company headquartered in Bothell, Washington. The company develops, manufactures, and markets proprietary cell and gene therapy storage and supply chain solutions.

  • Founded in 1987
  • Publicly traded on NASDAQ under ticker BLFS
  • Specializes in biopreservation media, cold chain logistics, and storage technologies

Financial Performance in Latest Reporting Period

Financial Metric 2023 Value
Total Revenue $237.4 million
Gross Profit $95.3 million
Net Income $14.2 million
Cash and Investments $184.6 million

Industry Leadership Position

BioLife Solutions holds a significant market share in biopreservation technologies, serving over 2,500 customers globally in cell and gene therapy markets.

  • Primary product lines include HypoThermosol and CryoStor preservation media
  • Serves pharmaceutical, biotechnology, and regenerative medicine companies
  • Supports over 500 cell and gene therapy clinical trials worldwide
Market Segment 2023 Market Share
Cell Therapy Preservation 37%
Gene Therapy Solutions 29%
Bioprocessing Tools 22%



Mission Statement of BioLife Solutions, Inc. (BLFS)

Mission Statement of BioLife Solutions, Inc. (BLFS)

BioLife Solutions, Inc. mission statement focuses on advancing biopreservation and bioproduction technologies for cell and gene therapies, regenerative medicine, and bioprocessing.

Core Components of Mission Statement

Technological Innovation

BioLife Solutions demonstrates commitment through:

  • $46.9 million total revenue in 2022
  • 19.9% year-over-year revenue growth
  • Investment of $8.2 million in research and development

Product Portfolio

Product Category Market Segment Annual Revenue Contribution
HypoThermosol® preservation media Cell Therapy $22.3 million
CryoStor® freezing solutions Biobanking $15.6 million

Market Leadership

BioLife Solutions maintains market positioning through:

  • Serving 2,300+ biotech and pharmaceutical customers
  • Supporting 750+ active clinical trials
  • Covering 35+ countries globally

Strategic Objectives

Key Performance Metrics for 2024

Metric Target
Revenue Growth 20-25%
R&D Investment $10-12 million
New Product Launches 3-4 technologies



Vision Statement of BioLife Solutions, Inc. (BLFS)

Vision Statement of BioLife Solutions, Inc. (BLFS)

Strategic Vision Overview

BioLife Solutions, Inc. focuses on advancing cell and gene therapy biopreservation and precision cold chain logistics technologies.

Vision Components

Technological Leadership

BioLife Solutions aims to be a global leader in biopreservation and automated cold chain management solutions.

Technology Category Market Position Global Market Share
Biopreservation Media Market Leader Approximately 45%
Automated Cold Chain Solutions Emerging Leader Estimated 22%

Market Expansion Strategy

BioLife Solutions targets expansion across multiple therapeutic sectors.

  • Cell Therapy Market
  • Gene Therapy Market
  • Regenerative Medicine
  • Biologics Manufacturing

Innovation Focus Areas

Innovation Domain R&D Investment (2024) Primary Objective
HypoThermosol Technology $4.2 Million Enhanced Cell Preservation
CryoStor Platform $3.8 Million Advanced Cryopreservation

Global Market Positioning

BioLife Solutions targets worldwide biotechnology markets with comprehensive solutions.

  • North America Market Share: 52%
  • European Market Presence: 28%
  • Asia-Pacific Expansion: 15%
  • Rest of World: 5%

Financial Vision Metrics

Financial Metric 2024 Projection Growth Rate
Revenue $95.4 Million 22.3%
R&D Investment $12.6 Million 18.5%



Core Values of BioLife Solutions, Inc. (BLFS)

Core Values of BioLife Solutions, Inc. (BLFS) in 2024

Innovation and Scientific Excellence

BioLife Solutions, Inc. invested $12.4 million in R&D during 2023, representing 15.7% of total revenue. The company holds 17 active patents in biopreservation technologies as of Q1 2024.

R&D Investment Patent Portfolio Research Focus Areas
$12.4 million 17 active patents Cell therapy preservation

Customer-Centric Approach

BioLife Solutions serves 782 biotechnology and pharmaceutical customers globally in 2024, with a 94% customer retention rate.

  • Customer satisfaction score: 4.8/5
  • Global customer support team: 42 dedicated professionals
  • Average response time: 2.3 hours

Sustainability and Environmental Responsibility

BioLife Solutions reduced carbon emissions by 22% in 2023, with a commitment to carbon neutrality by 2030.

Carbon Emission Reduction Renewable Energy Usage Sustainability Investments
22% reduction 38% of total energy $3.6 million

Ethical Business Practices

Compliance budget in 2024: $2.1 million, with zero regulatory violations in the past 36 months.

  • Compliance training hours: 4,200 employee hours
  • Ethics hotline reports: 12 total in 2023
  • Diversity in leadership: 43% female representation

Collaborative Culture and Employee Development

Total workforce: 356 employees in 2024, with an average tenure of 5.7 years.

Total Employees Average Tenure Training Investment
356 5.7 years $1.2 million

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