Cryoport, OCASA partnership to supply global cold chain logistics for cryogenics

Cryoport, OCASA partnership to supply global cold chain logistics for cryogenics

Cryoport Inc (OTCBB: CYRX) and OCASA (Organización Courier Argentina SA) Inc have entered into a master services agreement to provide global cold chain logistics services for life science and biotech commodities requiring cryogenic temperatures.
OCASA will have access to Cryoport’s full range of cryogenic business system capabilities including its proprietary Cryoport Express Shippers and cloud-based logistics management software platform, the Cryoportal. Cryoport will leverage OCASA’s global logistics network to provide more complete global services. The companies will engage in co-marketing, joint sales activities, and a range of customer-driven support requirements to provide comprehensive and seamless services to the life sciences and biotech industries.
Angel Guinea, country manager and head of OCASA Logistics Solutions BioPharma Division, said, “This alignment allows us to leverage Cryoport’s proven cold chain solutions across our global logistics footprint, and we are enthusiastic about the mutual value that will result.”
Jerrell Shelton, Cryoport chief executive officer, said, “We are delighted that we have this new partnership with OCASA. It is centered around our ‘powered by Cryoport’ strategy and makes all of our solutions available to OCASA. OCASA has a particularly strong presence in certain geographies of interest and has already been providing reliable logistics services to some of our customers on a global basis. With this expanded relationship, we will accelerate sales into these markets and further broaden the awareness of our solutions in the biotechnology and life sciences industries.”
OCASA’s services include export, import/customs clearance, temperature-controlled warehousing, secondary packaging and labeling, distribution, fulfillment, and general cold chain logistics for clinical trial investigational products. It also handles clinical trial samples/test kits, diagnostic specimens, commercial medications/vaccines, medical supplies/kits, controlled products, and dangerous infectious goods.
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Cryoport provides frozen shipping logistics services to the biotechnology and life science industries. Cryoport Express liquid nitrogen dry vapor shippers are validated to maintain a constant –150° C temperature for a 10-plus-day dynamic shipment duration, and the Cryoportal platform manages the entire shipment process.
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