StockNews.AI
BLFS
StockNews.AI
154 days

BioLife Solutions Appoints Cathy Coste as Director and Audit Committee Chair

1. Cathy Coste appointed as chair of the audit committee. 2. Her financial expertise enhances BioLife's governance and strategic planning. 3. The company is positioned for revenue growth in cell and gene therapies. 4. Coste's experience includes leadership at Deloitte focused on life sciences. 5. Board now comprises seven members, indicating expansion and stability.

6m saved
Insight
Article

FAQ

Why Bullish?

The appointment of a capable board member enhances confidence in company direction, contributing to positive sentiment around BLFS's future revenue growth, similar to impacts seen from executive changes in peer biotech firms.

How important is it?

The appointment reflects strategic governance improvements critical for long-term investor confidence in biotech growth sectors, increasing interest from stakeholders.

Why Long Term?

Strategic leadership changes typically manifest in long-term growth patterns, as evidenced by companies like Moderna that experienced prolonged positive stock performance following key executive appointments.

Related Companies

, /PRNewswire/ -- BioLife Solutions, Inc. (Nasdaq: BLFS) ("BioLife" or the "Company"), a leading developer and supplier of bioproduction tools and services for the cell and gene therapy (CGT) market, announces the appointment of Cathy Coste to its board of directors, increasing board membership to seven. Ms. Coste will serve as chair of the audit committee, replacing Joydeep Goswami, who will remain a company director and member of the audit committee. "Cathy is a highly qualified financial professional with substantial expertise in audits, risk and controls, and compliance, making her ideal to serve as chair of our audit committee," said Roderick de Greef, BioLife Chairman and CEO. "She brings to the BioLife board more than four decades as a senior executive with experience ranging from high-growth private companies to complex global public companies. At Deloitte, she worked with more than two dozen life sciences companies, while her service as an independent director and audit chair affords a wealth of experience in governance initiatives, strategic planning and organizational development." "This is an exciting and pivotal time to join the board at BioLife," said Ms. Coste. "With the transition to a pure-play enabler of cell and gene therapies now complete, the company is well-positioned for revenue growth and sustained profitability. I look forward to contributing to BioLife's future success." Ms. Coste retired from Deloitte in 2020, where she most recently was a senior partner and life sciences industry executive leader. With Deloitte for more than 30 years, she served in corporate and professional services positions, ultimately leading global finance, internal audit and operations teams while participating in more than 200 audit committee meetings. Previously she worked at Mervyn's, including responsibility in accounting, FP&A and operations. Ms. Coste is a director of Biomerica, Inc., Minerva Surgical, Inc. (a public company that went private in 2024) and Renalytix plc, serving as audit committee chair for each. She holds a B.A. in business administration-accounting from California State University, Hayward, and completed Harvard Business School's Corporate Director's Certificate Program.  She is a licensed Certified Public Accountant. About BioLife SolutionsBioLife Solutions is a leading supplier of cell processing tools and services for the cell and gene therapy (CGT) market. Our expertise facilitates the commercialization of new therapies by supplying solutions that maintain the health and function of biologic materials during the collection, development, storage and distribution. For more information, please visit www.biolifesolutions.com, and follow BioLife on LinkedIn and X. Contacts: At the CompanyTroy WichtermanChief Financial Officer(425) 402-1400[email protected] InvestorsAlliance Advisors IRJody Cain(310) 691-7100[email protected] SOURCE BioLife Solutions, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

Related News