- Record product sales growth reported for fourth quarter and full year 2017
- Company has over 300 of its ultra-high pressure instruments in research labs worldwide
- 2017 revenue exceeded $2.2 million with just one field sales rep; company’s field sales force expanded to five with recent hires
- December 2017 acquisition of high pressure IP allows company to enter the biologics contract research services sector
- Newly-issued patents in Ultra Shear Technology (UST) address broad markets for stable, water-soluble nanoemulsions, including cannabinoids
As scientific researchers who work with cellular material seek to uncover new potential for creating vaccines and drugs, counteracting harmful chemicals and making the therapeutic properties of nutraceuticals and pharmaceuticals more effective, Pressure BioSciences Inc. (OTCQB: PBIO) is watching its development of pressure-based laboratory tools and related consumable products gain a growing worldwide following. Pressure BioSciences’ products are based on the notion that using high pressures to break open cells in order to tap their potential for medicinal and therapeutic uses is a more productive, beneficial way of extracting the biomolecules inside, as compared to traditional methods of ‘beating up’ cells that are commonly employed in research. The company expects recent product development, company acquisitions and personnel decisions to drive it toward a banner year in 2018.
“We have about 300 instruments already placed in research labs all over the world. These instruments generate pressures from levels of several hundred pounds per square inch (“psi”) all the way up to, believe it or not, 90,000 psi,” CEO Ric Schumacher said in a March interview with…
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