BioLife Solutions (BLFS) announced that it is restructuring a joint venture with Savsu Technologies to develop and commercialize the evo Smart Shipper and related biologistex Cold Chain Management SaaS. Following the restructuring of its biologistex CCM, BioLife will convert its outstanding loan to the JV into a capital contribution and Savsu will contribute all of its cold-chain related operations, technology, IP and assets to the JV. BioLife's ownership interest in the JV will initially be reduced from 52% to 45%, and the JV's operating results will no longer be consolidated with BioLife's results.