Brentwood-based Cryoport acquires Australian healthcare logistics company

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Cryoport, Inc., a global leader in temperature-controlled supply chain solutions for the life sciences industry, announced that it has acquired Critical Transportation Solutions Australia Pty Ltd (“CTSA”), a market leader in premium healthcare logistics management services, specializing in time and temperature critical solutions for the medical and pharmaceutical industries, based in Australia, for approximately 5 million USD. CTSA will be part of Cryoport’s CRYOPDP business unit and will continue to be led by the current management team.

The acquisition of CTSA’s distribution capabilities in Australia is expected to improve Cryoport’s position to gain market share in APAC (Asia-Pacific) as the number of ongoing clinical trials in the region continues to increase. The acquisition of CTSA follows the opening of Cryoport Systems and the first global logistics center jointly operated by CRYOPDP in Osaka, Japan in the fourth quarter of 2020 and is part of the company’s strategy for continued expansion in the region APAC. As the global emergence of regenerative therapies continues and trials evolve from clinical to commercial stage, Cryoport believes its enhanced global platform makes it the obvious choice to help pharmaceutical / biopharmaceutical companies bring their medicine therapies to market. regenerative.

In addition, January 28e, 2020 Novartis, Cryoport customer, announced that Kymriah® will be publicly funded following a recommendation from the Medical Services Advisory Committee (MSAC) for the treatment of eligible adult patients with relapsed or refractory diffuse large B-cell lymphoma (DLBCL) in Australia. Novartis also announced an agreement with Cell Therapies to manufacture Kymriah at its production facility at the Peter MacCallum Cancer Center in Melbourne. Cell Therapies is an Australian development and commercial contract manufacturing company active worldwide, specializing in cell therapy, gene therapy, regenerative medicine and cell immunotherapy products.

“The addition of this new country to CRYOPDP’s global network will allow the Cryoport group of companies to develop additional synergies in this specific country, providing end-to-end Pharma / Biopharma logistics solutions to our global customers and local players in Australia. “Through this additional geographic coverage, we are also anticipating the strong growth needs of our main strategic customers, to better serve their extended activities in this area and to be ever closer to patients. As a strong organization focused on the client and the patient, our strategy is to continue to develop our geographical footprint, ”said Cédric Picaud, CEO of CRYOPDP.

“Our acquisition of CTSA is what I like to call a tactical acquisition with strategic impact. This is an accretive acquisition that gives us a significant position in Australia, which is one of APAC’s top five countries for clinical trials and a strategic location from which we can build our customer base in the region. Said Jerrell Shelton, CEO of Cryoport. “The CRYOPDP team has worked closely with the CTSA team over the past two years. During this period, CTSA has proven its professionalism, customer focus and commitment to providing exemplary service. Combining CRYOPDP’s global distribution network with CTSA’s regional capacity is expected to increase our revenue base and generate economies of scale. We are confident that CTSA and its knowledgeable operations team will be a strong addition to Cryoport company’s portfolio in APAC. “

About Cryoport, Inc.

Cryoport, Inc. (Nasdaq: CYRX) is redefining temperature-controlled supply chain support for the life science industry by continually expanding its platform of solutions and services, serving the biopharma markets, reproductive medicine and animal health. Through its family of companies, Cryoport Systems, MVE Biological Solutions, CRYOPDP and CRYOGENE, Cryoport provides strategic solutions that meet the growing needs of these markets.

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