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:1/22/2015)... Eckert & Ziegler Vitalea Science (EZVS), ... to the pharmaceutical and biotech industry, has announced that ... the position of Director of Science & Technology. , ... experience in drug metabolism and bioanalysis to EZVS in ...
(Date:1/22/2015)... Cambridge Semantics, the leading provider of smart data solutions ... a record-breaking year across the board for the company. ... Platform and our Smart Data solutions, our customers were able ... led to record growth for the company in 2014,” said ...
(Date:1/22/2015)... zFlo Motion , a US leader in biomechanics ... from a new partner. STT-Systems has developed an ... years, with offerings in the optical-motion capture, 3D scanning, and ... measurement unit), iSen, is opening eyes around the world. With ...
(Date:1/22/2015)... NEW BRUNSWICK , Nueva Jersey , 22 ... Award for Biomedical Research abre hoy su llamada ... las personas cuya investigación científica ha hecho, o tiene ... de la salud humana. Las nominaciones se aceptarán hasta ...
Breaking Biology Technology:Eckert & Ziegler Vitalea Science appoints Mark Seymour, PhD as Director of Science & Technology 2Eckert & Ziegler Vitalea Science appoints Mark Seymour, PhD as Director of Science & Technology 3Cambridge Semantics Announces Record Results for 2014 23D Motion Capture Just Got Easy 2El Dr. Paul Janssen Award for Biomedical Research emite su llamada a los nominados para 2015 2El Dr. Paul Janssen Award for Biomedical Research emite su llamada a los nominados para 2015 3El Dr. Paul Janssen Award for Biomedical Research emite su llamada a los nominados para 2015 4
... Madison, Wis. Can a Mac really be hacked in ... University of Wisconsin-Madison systems engineer, who criticized recent media reports for ... which the owner of a computer gave out login accounts to ... for someone who had been given access to the computer to ...
... last week's Fusion2006 was to make information ... that presenters delivered, private-sector CIOs would be well advised ... there was a dominant theme of the second annual ... linkage - linkage with their CEOs and linking information ...
... — Competition is heating up in Waukesha for ... residents. , ,Three firms want to build the infrastructure ... bandwidth to Internet service providers. After waiting several years ... city would start to receive royalties. , ,Midwest Fiber, ...
Cached Biology Technology:IT can't be separate from core business 2
(Date:12/22/2014)... , Dec. 22, 2014  The 2014 Holiday Season ... as Acuity Market Intelligence reports that the long anticipated ... forecasts that intensifying demand for smart phones, tablets, and ... global market of 2.5 billion users with nearly 4.8 ...
(Date:12/19/2014)... , Dec. 18, 2014  23andMe, Inc., the leading personal genetics ... fine-scale differences in genetic ancestry of individuals from across ... first arrived more than four hundred years ago, ... place for peoples from different continents. This study illuminates how ...
(Date:12/17/2014)... Dec. 15, 2014 The Defense Logistics Agency is ... and prevent counterfeit microcircuits from entering into its supply ... in-house microcircuit anti-counterfeit initiative dubbed DNA marking. The capability ... their reliability throughout the supply chain. The new quality ...
Breaking Biology News(10 mins):First Season of Holiday Shopping with Mobile Biometric Payments Wraps Up With a Present for Biometrics Industry: A Rosy Forecast for More Than 2 Billion Users of 4.8 Billion Mobile Biometric Devices by 2020 223andMe Study Sketches Genetic Portrait of the United States 223andMe Study Sketches Genetic Portrait of the United States 323andMe Study Sketches Genetic Portrait of the United States 4Defense Logistics Agency Launches DNA Marking Capability to Strengthen Microcircuit Supply Chain 2Defense Logistics Agency Launches DNA Marking Capability to Strengthen Microcircuit Supply Chain 3
... first reported case in Asia of primate-to-human transmission of simian ... primates that so far has not been shown to cause ... monkey to a human took place at a monkey temple ... of the journal Emerging Infectious Diseases. Even though this particular ...
... States Department of Agriculture (USDA) has positively identified the pathogenic ... in Mongolia by field veterinarians from the Wildlife Conservation Society ... occurring in wild migratory birds with no apparent contact to ... for a health survey of wild bird populations in the ...
... modern oceanography is how animals in the deep sea ... Bay Aquarium Research Institute (MBARI) recently published a paper ... that live on the deep seafloor off the coast ... deep-sea video, Bruce Robison and his colleagues found that ...
Cached Biology News:Primate virus jumps species barrier to humans for first time in Asia 2Primate virus jumps species barrier to humans for first time in Asia 3Bird samples from Mongolia confirmed as H5N1 avian flu 2Bird samples from Mongolia confirmed as H5N1 avian flu 3'Sinkers' provide missing piece in deep-sea puzzle 2'Sinkers' provide missing piece in deep-sea puzzle 3'Sinkers' provide missing piece in deep-sea puzzle 4
... Rabbit polyclonal to MSY2/YBOX2 ( Abpromise ... Antigen: Synthetic peptide ... the C-terminus of Human MSY2/YBOX2. ... proprietary) (Peptide available ...
...
Request Info...
Purified Mouse anti-Hu LAT (pY226) Storage Temperature: Refrigerate(2 to 8C)...
Biology Products: