Plus   Neg

Stock Alert: BioLife Solutions Up 16%

Shares of BioLife Solutions Inc. (BLFS) are rising more than 16 percent or $2.63 in Thursday's morning trade at $16.67. Bothell, Washington-based BioLife Solutions is a developer of bioproduction tools for cell and gene therapies.

Thursday, the company said it has priced its public offering of 5.175 million shares of its common stock at $14.50 per share, before underwriting discounts and commissions. BioLife expects gross proceeds from the offering to be about $75 million, to be used for working capital and general corporate purposes.

The offering is expected to close on July 7, 2020.

The stock has traded in a range of $7.37 to $21.18 in the past 52 weeks.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Amazon.com, Inc. can be held liable for damages caused by defective goods sold on its Marketplace including third parties, according to a ruling by a California appeals court. The California Fourth District Court of Appeals was pronouncing the ruling in a case where a defective replacement laptop battery caught fire and inflicted a woman with third-degree burns. Facebook has launched "Voting Information Center" on Facebook and Instagram platforms, with a view to boosting the number of Americans vote in the upcoming U.S. presidential election in November. The social media giant's latest initiative is expected to help 4 million voters register this year, and help them navigate a 'confusing election process'. Epic Games Inc., the developer of popular game Fortnite, has filed lawsuits against both Apple Inc. and Google after they removed the game from their app stores. The development reflects disputes related to app store fee the tech giants take from each purchase. Epic Games, which has been against the 30 percent revenue cut the two tech giants take from paid apps, added a direct payment option.
Follow RTT