Navigation Links
Pressure BioSciences, Inc. Reports Second Quarter 2008 Financial Results and Provides Business Update
Date:8/14/2008

ct that we have already recorded nine installations in Q3 through August 14th. Furthermore, we expect to install at least five more PCT Systems before the end of the third quarter. Based on the number of high potential ("Type A") leads in our sales pipeline, we now expect to install 40 or more PCT Sample Preparation Systems during 2008, as compared to the 20 that we installed during 2007."

Mr. Myles continued: "In addition to continuing the expansion of our installed base of PCT Systems, we have also implemented a number of cost reduction initiatives, including the delay of certain research and development projects, reduction in travel and meeting attendance for all personnel, continued reduction in investor relations activities, decreases in the base salary of most of our employees and all of our executive officers, decrease in annual cash compensation for all outside Board members, and a reduction in our workforce that included the re-alignment of our domestic sales force from seven full time sales directors to three. We ended the second quarter with approximately $2.8 million in cash and cash equivalents. We believe that this amount of cash, together with the cost reduction measures, will allow us to reach a manageable balance between the need to conserve our cash resources and the need to support our short-term commercialization plans. We have also engaged Emerging Growth Equities of King of Prussia, PA to help us raise additional capital to fund our further development and commercialization of PCT."

During the past four months, the Company has reported successes and measurable progress in a number of important areas. These include, but are not limited to:

-- The award of a $850,000 NIH SBIR Phase II Grant for the development of a new PCT-dependent system for improved biomarker discovery, diagnostics, and drug discovery

-- Presentations by independent researchers at key scientific conferences citing the use of PCT for improving the de
'/>"/>

SOURCE Pressure BioSciences, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9

Related biology technology :

1. Pressure BioSciences, Inc. to Discuss Second Quarter 2008 Financial Results and Provide Business Update
2. Pressure BioSciences, Inc. Announces the Market Release of its PCT-Enhanced Trypsin Digestion Application for Proteomics
3. Healthcare Industry Faces Mounting Pressure to Prevent On-The-Job Violence, Says Veteran Safety and Health Attorney
4. RADI Medical Systems Launches Next Generation PressureWire(R) Certus
5. Four Independent Research Groups Present Data Generated by Pressure Cycling Technology (PCT) at the ASMS Conference on Mass Spectrometry and Allied Topics in Denver, CO
6. InterCure Supports AHA Endorsement of Home Blood Pressure Monitoring
7. International Wound Care Experts, Medline Announce Pressure Ulcer Prevention Consensus Paper
8. Pressure BioSciences, Inc. to Discuss First Quarter 2008 Financial Results and Provide Business Update
9. Significant Reductions in Mortality and Cardiovascular Events Shown Using Blood Pressure-Lowering Treatment in Those Aged 80 and Over
10. Matthew B. Potter Joins Pressure BioSciences, Inc. as Vice President of Sales
11. Pressure BioSciences, Inc. to Discuss 2007 Financial Results and Provide Business Update
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/27/2014)... mysteries is how plants survive impact by the ... rays, while using this energy for photosynthesis. The ... plant,s blades quickly dissipate the energy throughout the ... at DTU Physics have now managed to successfully ... bacteria contain light-absorbing proteins which play a role ...
(Date:8/27/2014)... , Aug. 27, 2014  A novel ... to help physicians better identify early-stage disease, when ... disability, according to a new study in The ... Diagnostics (NYSE: DGX ) and other ... 14-3-3eta protein outperformed conventional antibody-serum testing, including rheumatoid ...
(Date:8/27/2014)... , Aug. 27, 2014 Research and ... "Global Enzyme for Pulp & Paper Industry Report 2014" ... Global Enzyme for Pulp & Paper Industry Report 2014 ... state of the global enzyme for pulp & paper ... of the industry including definitions, classifications, applications and industry ...
(Date:8/27/2014)... FL (PRWEB) August 27, 2014 BIOEQUA, ... applied through the use of a handheld spray, has ... the United States. , The brand began with ... BIOEQUA researchers were surprised to learn that the application ... made extremely small and delivered directly to skin's basal ...
Breaking Biology Technology:DTU researchers film protein quake for the first time 2Novel Biomarker Detects Early Rheumatoid Arthritis Better than Conventional Methods Alone, According to Journal of Rheumatology Study 2Novel Biomarker Detects Early Rheumatoid Arthritis Better than Conventional Methods Alone, According to Journal of Rheumatology Study 3Novel Biomarker Detects Early Rheumatoid Arthritis Better than Conventional Methods Alone, According to Journal of Rheumatology Study 4Global Enzyme for Pulp & Paper Industry Report 2014 2BIOEQUA'S EQUA ESSENTIAL Product Line Redefines Skin Care & Now Available in America 2
... life sciences nanotechnology company, has received a $1.6 million ... , ,The Small Business Innovation Research grant is for ... technology to enable faster screening of drugs for treatment ... liquid crystals to measure topography on a nanoscopic scale. ...
... Bruker AXS , a supplier of X-ray solutions for life ... announced on Tuesday the introduction of a new detector and ... systems were unveiled at the 2005 International Union of Crystallography ... imaging detector for macromolecular X-ray crystallography, was designed with zero ...
... investors and government representatives have suggested a series of ... stimulate investments in high-growth industries. , ,Their suggestions were ... more on that hearing, read: , Regulations still ... is a list of some of the key recommendations: ...
Cached Biology Technology:Suggestions offered to foster high-growth business investment 2
(Date:8/27/2014)... 27, 2014  WaferGen Bio-systems, Inc. (NASDAQ: WGBS) today ... public offering of units of common stock and warrants ... proceeds of $20 million, prior to deducting underwriting discounts ... The shares and warrants are immediately separable and will ... in the offering consists of 2,000 shares of common ...
(Date:8/27/2014)... A big step in understanding the mysteries of the ... three analyses that provide the most detailed comparison yet ... and human function. , The research, appearing August ... how the information encoded in the three species, genomes ... are organized into chromosomes. , The results add billions ...
(Date:8/27/2014)... , Aug. 27, 2014 Reportlinker.com ... available in its catalogue: Law Enforcement ... http://www.reportlinker.com/p02316674/Law-Enforcement-Biometrics-Market-in-North-America-2014-2018.html About Biometrics ... individuals on the basis of their physical or ... of both physiological traits such as fingerprints, face ...
Breaking Biology News(10 mins):WaferGen Bio-Systems Announces Successful Completion of Public Offering Raising $20 Million 2WaferGen Bio-Systems Announces Successful Completion of Public Offering Raising $20 Million 3Encyclopedia of how genomes function gets much bigger 2Encyclopedia of how genomes function gets much bigger 3Encyclopedia of how genomes function gets much bigger 4Law Enforcement Biometrics Market in North America 2014-2018 2Law Enforcement Biometrics Market in North America 2014-2018 3Law Enforcement Biometrics Market in North America 2014-2018 4Law Enforcement Biometrics Market in North America 2014-2018 5
... research team led by Edward Yu of Iowa State University ... pumps that remove heavy metal toxins from bacteria, making them ... the Sept. 23 issue of the journal Nature . ... of physics and astronomy, of biochemistry, biophysics and molecular biology ...
... COLUMBUS, Ohio While birds living in urban areas face ... mean urban birds face more danger from nest robbers. ... 2004 to 2009 found that, as expected, rural areas that ... cats, and crows, also showed lower rates of nest survival. ...
... of plant and animal species generally increases from the North ... isn,t true for soil bacteria, according to a new study ... that the rules determining the patterns for plant and animal ... Grogan. The finding is important because one of the ...
Cached Biology News:Iowa State, Ames Lab researchers identify structure that allows bacteria to resist drugs 2More predators doesn't equal more danger for urban bird nest 2
... Validation Service enables early selection of ... by providing quantitative data for sensitivity, ... each antibody. Furthermore quantitative antibody fingerprints ... activity of your antibodies., The full-service ...
... fluorescent microscopy-based imaging system that accurately counts ... calculates cell viability, in a single test. ... variability associated with the subjective interpretation of ... EasyCount ViaSure Kit, up to six tests ...
... new generation of microarrays to detect alternative ... to rapidly elucidate alternatively spliced events in ... drug discovery. The service combines ExonHits proprietary ... customized analysis with Agilents robust microarray platform. ...
... The new Adept CE 4100 ... provides superb flow precision, with software drive ... rates from 0.001-10mL/min are selectable in 0.001mL ... inserts, are inert and bio-compatible., Pumps may ...
Biology Products: