Indianapolis-based BioStorage Technologies Inc. has announced plans to expand services in the U.S. and China. While specific numbers were not released, the company says the expansion is the result of a multi-million dollar investment.
The company, which provides sample lifecycle management services for the life sciences industry, says it will expand its biorepository facility in Indianapolis, resulting in a 30 percent increase in footprint and a 55 percent increase in new freezers. The expanded facility will also increase the company’s bioprocessing capabilities.
BioStorage Technologies has also entered into an agreement with Shanghai Outdo Biotechnology Co. Ltd. in China and RUCDR Infinite Biologics at Rutgers University. Per the deal, the company will provide advanced sample bioprocessing at the Outdo Biobank, the largest tissue bank in China.
"It has been an exciting time for BioStorage as we continue our strategic growth in China, and through our collaboration with SOBC, we now have the ability to extend our global solutions, standards and technology platforms to samples undergoing bioprocessing at SOBC," said Martin Long, vice president of BioStorage Technologies. "SOBC is the gold standard for biobanks in China and share our dedication for optimal quality and service, as such we anticipate the alliance will bring long-term success and continued growth for all sides."
A spokesperson for BioStorage Technologies says a 25 percent growth in the company’s staff is anticipated over the next year.