CryoPort Inc (CYRX)

[H2R]

Blurb about CCRM Fertility/CYRX and today's PPS action:

Cryoport Inc. Shares Up Nearly 10% on Deal With Fertility Clinic
BY Dow Jones & Company, Inc.
— 1:16 PM ET 12/16/2020

Shares of CryoPort Inc. ( CYRX ) gained 9.5% to $52 in midday trading after the biotech freezer supply chain company said it struck a three-year deal with the Colorado Center for Reproductive Medicine.

Cryoport's ( CYRX ) logistics cold chain, which is being used to ship and store some Covid-19 vaccines, will process the fertility clinic's cryogenic shipments of human eggs and embryos used in-vitro fertilization treatments.

The Nashville, Tenn.-based company said it expects its equipment will be used to ship eggs and embryos at -80 degrees Centigrade.

The clinic has 11 labs and 26 sites in North America staffed by 40 doctors, 22 professors and 560 employees, Cryoport ( CYRX ) said.

Write to Patrick Chu at [e-mail]


(END) Dow Jones Newswires
12-16-20 1316ET
Copyright (c) 2020 Dow Jones & Company, Inc.