cryoport inc said friday its board authorized a stock repurchase program of up to 100 million of its outstanding common stock as well as convertible senior notes the company which provides coldchain logistics to the life science industry said the repurchase program will expire on dec 31 2025 it doesnt expect to incur debt to fund the repurchase program the authorization of this repurchase program demonstrates the boards confidence in our business model and outlook our financial performance and our commitment to delivering value to our stakeholders chief executive jerrell shelton said in prepared remarks the shares have declined nearly 49 so far this year