Cryoport reports fire at MVE New Prague facility; production curtailed, expects Q1/Q2 financial impact

Cryoport, Inc.

Fire occurred January 25, 2022 at MVE Biological Solutions' New Prague, MN manufacturing facility; no injuries reported.
Damage limited to a portion of the facility; manufacturing operations curtailed until repairs complete, date TBD.
Cryoport expects adverse financial results for Q1 and possibly Q2 2022 due to reduced operations.
Company anticipates significant share of loss covered by property and business interruption insurance.
Aluminum dewar production affected; other MVE facilities not impacted.

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