Company Named "Best Cell & Gene Therapy
Supplier – Cryogenic Storage"
NASHVILLE, Tenn., Sept. 14,
2023 /PRNewswire/ -- Cryoport, Inc. (NASDAQ: CYRX)
("Cryoport" or the "Company"), a leading global provider of
innovative products and services to the fast-growing cell &
gene therapy industry enabling the future of medicine for a new era
of life sciences, today announced that the Company has been named
"Best Cell & Gene Therapy Supplier – Cryogenic Storage" as part
of this year's IMAPAC Asia Pacific Cell & Gene Therapy
Excellence Awards.
The cell and gene therapy market is expected to grow by almost
$10 billion between 2022 and 2026,
with groundbreaking new therapies progressing through clinical
trials and becoming commercially available for millions of patients
in need. Cryoport is responsible for ensuring these therapies reach
their final destinations, offering storage, ordering, fulfillment,
shipping and nonstop monitoring to preserve the safety and efficacy
of these essential products.
"When it comes to transporting lifesaving therapies to patients,
there is no room for error," said Jerrell
Shelton, CEO of Cryoport. "Our team is relentless in
providing the most comprehensive logistics platform to maintain the
integrity of these therapies. This award reflects Cryoport's
ongoing commitment to, and expertise in, providing end-to-end
temperature-controlled solutions for highly sensitive,
irreplaceable cell and gene therapy treatments."
The Asia Pacific Cell & Gene Therapy Excellence Awards
recognizes pioneers in the cell and gene industry, including supply
chain solutions providers, researchers, manufacturers and more.
Featuring those leading the industry through research developments,
advancements in technologies and best practices in manufacturing,
the Awards "applauds extraordinary leaders and trend-setters of
today and inspires innovators of tomorrow."
About Cryoport, Inc
Cryoport, Inc. (Nasdaq: CYRX), is a global provider of
innovative products and services to the fast-growing Cell &
Gene Therapy industry - enabling the future of medicine for a new
era of life sciences. With 48 strategic locations covering the
Americas, EMEA (Europe, the
Middle East and Africa) and APAC (Asia Pacific), Cryoport's global platform
provides mission-critical bio-logistics, bio-storage,
bio-processing, and cryogenic systems to the life sciences markets
worldwide.
For more information, visit www.cryoport.com or follow @cryoport
on Twitter at www.twitter.com/cryoport for live updates.
Forward-Looking Statements
Statements in this press release which are not purely
historical, including statements regarding the Company's
intentions, hopes, beliefs, expectations, representations,
projections, plans or predictions of the future, are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements include, but are not limited to, those related to the
Company's industry, business, long-term growth prospects, including
expected growth in all of the Company's markets, plans, strategies,
acquisitions, future financial results and financial condition,
such as the Company's outlook and guidance for full year 2023
revenue and the related assumptions and factors expected to drive
revenue, projected growth trends in the markets in which the
Company operates, the Company's plans and expectations regarding
the launch of new products and services, such as the expected
timing and benefits of such products and services launches, the
Company's plans to further strengthen its business and continue to
position itself for long-term and profitable growth in the cell and
gene therapy industry, and anticipated regulatory filings or
approvals with respect to the products of the Company's clients. It
is important to note that the Company's actual results could differ
materially from those in any such forward-looking statements.
Factors that could cause actual results to differ materially
include, but are not limited to, risks and uncertainties associated
with the effect of changing economic conditions, including as a
result of the COVID-19 pandemic and its variants, supply chain
constraints, inflationary pressures, the ongoing war between
Russia and Ukraine and the effects of foreign currency
fluctuations, trends in the products markets, variations in the
Company's cash flow, market acceptance risks, and technical
development risks. The Company's business could be affected by a
number of other factors discussed in the Company's SEC reports,
including in the "Risk Factors" section of its most recently filed
periodic reports on Form 10-K and Form 10-Q, as well as in its
subsequent filings with the SEC. The forward-looking statements
contained in this press release speak only as of the date hereof
and the Company cautions investors not to place undue reliance on
these forward-looking statements. Except as required by law, the
Company disclaims any obligation, and does not undertake to update
or revise any forward-looking statements in this press
release.
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SOURCE Cryoport, Inc.