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RedChip Awards Pressure BioSciences, Inc. (PBIO) a $7 Target Price

Pressure BioSciences is focused on developing its technology which uses hydrostatic pressure to control bio-molecular interactions. The company holds 17 patents which cover various applications.

To prepare for a rise in demand, Pressure BioSciences has increased its inventory of machines. It has also recently announced that it raised approximately $1.8 million in cash to be used for commercialization and research efforts.

To accelerate the adaptation of its pressure cycling technology, the company has expanded its sales force from one fulltime sale director to four, and expanded its international distributor network. The efforts are expected to significantly increase their products exposure in the market place.

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