BNET Industries

Market Cap:$3.5M
Last Fiscal Year Sales:$645.8K
  • Public
  • US
Dow Jones Description

We are a life sciences company focused on the development and commercialization of a novel, enabling, platform technology called pressure cycling technology ("PCT"). PCT uses cycles of hydrostatic pressure between ambient and ultra-high levels (up to 35,000 psi and greater) to control bio-molecular interactions. Our pressure cycling technology uses instrumentation that is capable of cycling pressure between ambient and ultra-high levels (up to 35,000 psi or greater) at controlled temperatures to rapidly and repeatedly control the interactions of bio-molecules. Our pressure-generating instrument is called the Barocycler ® . Our PCT-related consumables product line includes PULSE (Pressure Used to Lyse Samples for Extraction) Tubes as well as application specific ("ProteoSolve") kits. Our Barocycler instrument, together with our consumable products and reagents, make up the PCT Sample Preparation System ("PCT SPS"). We have experienced negative cash flows from operations with respect to our pressure cycling technology business since our inception. As of March 31, 2009, we had cash of approximately $2.1 million. During 2008, we took a number of cost reduction measures, including a comprehensive restructuring program to significantly reduce costs, centralize core operations, and refocus our business strategy in specific areas where our products have found significant market acceptance. ...

President & CEORichard T. Schumacher
Number of Employees 27
Contact Information

321 Manley St

West Bridgewater, Massachusetts 02379-1022

pressurebioscie...

(508) 580-1818

NAICS Code In-Vitro Diagnostic Substance Manufacturing: 325413

Recent Events

  • Pressure BioSciences Q1 loss narrows - Quick Facts

    5/05/09 - Financial Announcement - View Story

  • Pressure BioSciences FY08 loss widens - Quick Facts

    3/31/09 - Financial Announcement - View Story

  • Pressure BioSciences, Inc. Reports Record Revenue, Significantly Reduced Operating Loss for the Fourth Quarter of...

    3/04/09 - Financial Announcement - View Story

  • Pressure BioSciences, Inc. BBII Reports Record Revenue, Significantly Reduced Operating Loss for the Fourth Quarter...

    3/05/09 - New Investment - View Story

News & Analysis

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pressure biosciences inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Richard T. Schumacher President & CEO
David F. Petersen Senior Vice President
Edmund Y. Ting Senior Vice President, Engineering
Mark M. Manak Senior Vice President
Patricia Garrett Senior Vice President, Technology
Alexander Lazarev Vice President, R & D
Kathleen W. Benjamin Vice President
Matthew B. Potter Vice President, Sales
Nathan Lawrence Vice President, Marketing & Business Dev
Richard D'Allessandro Vice President, Info Technology
Richard H. Newhouse Vice President, Matls Management
Ronald D. DiPaolo Vice President, Manufacturing
John Swatosh Director, Marketing & Director, Sales
Jose Q. Lanuza Director, Sales
William R Prather Senior Vice President, Finance and Business Development

Board of Directors

Name (plus bio) Position
R. Wayne Fritzsche Chair of Board
Calvin A Saravis Board of Directors
Francis E. Capitanio Board of Directors
J Donald Payne Board of Directors
P Thomas Vogel Board of Directors

Mr. Richard T. Schumacher, the founder of our Company, has served as a director of Pressure BioSciences since the formation of its legacy business, Boston Biomedica, Inc., in 1978. He has served as CEO of Pressure BioSciences since April 2004 and President since September, 2004. He previously served as CEO and Chairman of the Board of Boston Biomedica from 1992 to February, 2003 and as President from 1986 to August 1999. Mr. Schumacher served as the Director of Infectious Disease Services for Clinical Sciences Laboratory, a New England-based medical reference laboratory, from 1986 to 1988. From 1972 to 1985, Mr. Schumacher was employed by the Center for Blood Research, a nonprofit medical research institute associated with Harvard Medical School. Mr. Schumacher received a BS in Zoology from the University of New Hampshire.

Organization Position Status
Pressure BioSciences, Inc. President & CEO Current
Pressure BioSciences, Inc. Board of Directors Current
University of New Hampshire B.S. In Zoology Former
Organization Position Status
Pressure BioSciences, Inc. Senior Vice President Current

Dr. Edmund Ting joined Pressure BioSciences as Senior Vice President of Engineering in April, 2006. Prior to joining the company, Dr. Ting served as the Chief Research Officer of Avure Technologies, a leading worldwide manufacturer of high pressure hydrostatic processing equipment for the food and materials processing industry, Flow International Corporation, a world leader in the ultrahigh pressure waterjet cutting technology market, and the parent company of Avure Technologies. Dr. Ting last held the position of VP of Engineering Research and Development at Flow International Corporation. Dr. Ting was also a research scientist and a group leader at Grumman Aerospace Corporation. Dr. Ting earned a BS degree in mechanical engineering from Northeastern University and a Sc.D. in materials science and engineering from the Massachusetts Institute of Technology.

Organization Position Status
Pressure BioSciences, Inc. Senior Vice President, Engineering Current
Avure Technologies Incorporated Chief Research Officer Former
Flow International Corporation Vice President of Engineering Research and Development Former
Northeastern University Bachelor of Science Degree In Mechanical Engineering Former
Organization Position Status
Pressure BioSciences, Inc. Senior Vice President Current
Organization Position Status
Pressure BioSciences, Inc. Senior Vice President, Technology Current

Dr. Alexander Lazarev, Ph.D. joined Pressure BioSciences in April, 2006 as Director of Research and Development and was promoted to Vice President of Research and Development in March, 2007. Prior to joining Pressure BioSciences, Dr. Lazarev worked as a Visiting Scientist at the Barnett Institute of Chemical and Biological Analysis at Northeastern University, and served as a Director of New Technology Development at Proteome Systems, Inc., where he was involved in research and development of innovative proteomic analysis applications. Dr. Lazarev previously held senior research positions at Genomic Solutions, Inc. and PhytoChem Technologies, Inc. Most of Dr. Lazarev’s scientific career has been dedicated to development of methods and applications for biochemical analysis. Dr. Lazarev has been elected as an Executive Board member of the MASSEP.org, a non-profit scientific discussion forum dedicated to the promotion and improvement of chromatography and other analytical technologies. Dr. Lazarev earned his undergraduate and graduate degrees at the University of Kazan, Russian Federation.

Organization Position Status
Pressure BioSciences, Inc. Vice President, R & D Current
Pressure BioSciences, Inc. Director, Research & Development Former
Organization Position Status
Pressure BioSciences, Inc. Vice President Current

Mr. Matthew B. Potter joined PBI as our Vice President of Sales on February 25, 2008. Mr. Potter has worked in many different disciplines that include molecular biology, chromatography, personalized medicine, diagnostics, and biophysics. Prior to joining PBI Mr. Potter was the Vice President of Sales & Marketing at Abcam, Inc. from July 2007 to January 2008. Prior to Abcam, Mr. Potter was the National Sales Manager: Key Accounts Pharmaceutical at Qiagen, Inc. from July 2005 to May 2007 and from January 2000 to July 2005 he was the Director, Sales and Marketing at MicroCal, LLC. Mr. Potter is also a former Treasurer of the New England Scientific Manufacturers Association and has been cited as a co-author and contributor on assorted scientific publications during his tenure working at the Worcester Foundation for Experimental Biology. Mr. Potter holds a BA in Biology from Clark University and an MBA from Assumption College, both located in Worcester, MA.

Organization Position Status
Pressure BioSciences, Inc. Vice President, Sales Current
Assumption College MBA Former
Clark University BA In Biology Former

Dr. Nathan P. Lawrence, Ph.D. Dr. Lawrence joined Pressure BioSciences Inc. in August, 2005, serving as Director of Research and Development until his promotion to Vice President of Marketing and Business Development in April, 2006. Dr. Lawrence was responsible for the development of protocols based on Pressure Cycling Technology (PCT). From 2004 through 2005, Dr. Lawrence worked for 454 Life Sciences in product development and prior to 454 Life Sciences, Dr. Lawrence was Director of Research and Development for Boston Biomedica, Inc. He was responsible for the development of PCT, as well as the development of nucleic acid-based diagnostic assays. Prior to joining Boston Biomedica, Inc., Dr. Lawrence held several positions with increasing responsibility in Research and Development and manufacturing at Becton Dickinson and Gene Trak Systems. Dr. Lawrence holds a BA from the University of Miami, an M.S. from Southern Connecticut State University, and a Ph.D. from Yale University.

Organization Position Status
Pressure BioSciences, Inc. Vice President, Marketing & Business Dev Current
Pressure BioSciences, Inc. Director of Research and Development Former
Life Sciences, Inc. Former
Yale University Ph.D. Former
Southern Connecticut State University M.S. Former
University of Miami BA Former
Organization Position Status
Pressure BioSciences, Inc. Vice President, Info Technology Current
Organization Position Status
Pressure BioSciences, Inc. Vice President, Matls Management Current
Organization Position Status
Pressure BioSciences, Inc. Vice President, Manufacturing Current
Organization Position Status
Pressure BioSciences, Inc. Director, Marketing & Director, Sales Current
Organization Position Status
Pressure BioSciences, Inc. Director, Sales Current

Mr. R. Wayne Fritzsche has served as a director and Chairman of the Board of Directors of the Company since October 2, 2003. Mr. Fritzsche has served as a member of the Company’s Scientific Advisory Board since 1999. Mr. Fritzsche is the founder of Fritzsche & Associates, Inc., a consulting firm which provides strategic, financial, and scientific consulting to medical companies in the life sciences and healthcare industries, and has served as its President since 1991. Since 2003, Mr. Fritzsche has also served as interim President of Chemokine Pharmaceutical Company, Inc. (formerly PGBP Pharmaceuticals), a small molecule discovery company. Since 2001, Mr. Fritzsche has served as a board member of Opexa Pharmaceuticals, a multiple sclerosis and cell immunology therapy company, and Vascular Sciences, Inc., an extracorporeal, macular degeneration company. He also previously served as a board member of Intelligent Medical Imaging, an automated microscopic imaging company, from 1994 to 1997, Clarion Pharmaceuticals, a drug development company, from 1994 to 1996, Nobex Pharmaceuticals, a drug delivery firm, from 1996 to 2001, Cardio Command, Inc., a transesophageal cardiac monitoring and pacing firm, from 1999 to 2001, and Hesed BioMed, an antisense oligonucleotide and catalytic antibody company, from 2000 to 2002. Mr. Fritzsche holds a BA from Rowan University, and an MBA from the University of San Diego.

Organization Position Status
Pressure BioSciences, Inc. Chair of Board Current
Opexa Pharmaceuticals, Inc. Board Member Current
Vascular Sciences' Board Member Current
Cardiocommand, Inc Board Member Former
University of San Diego MBA Former
Rowan University BA Former
Organization Position Status
Pressure BioSciences, Inc. Board of Directors Current
Boston University School of Medicine Associate Research Professor Former
Harvard Medical School Associate Professor Former
Rutgers University Ph.D. In Immunology Former
Organization Position Status
Pressure BioSciences, Inc. Board of Directors Current

Mr. Payne has been the CEO from the commencement of operations in 2002. He holds an MBA from Rice Univ. and a BBA from Texas A&M and has 23 years of progressively senior management experience, the last 14 in life sciences.

Organization Position Status
Nanospectra Biosciences Inc President and CEO Current
Pressure BioSciences, Inc. Board of Directors Current
Nanospectra Biosciences Inc Director Current
LifeCell Corporation Chief Financial Officer Former
LifeCell Corporation Vice President Former
Diagnostic Products Corporation Divisional Vice President Former
Diagnostic Products Corporation General Manager Former
Rice University MBA Former
Texas A&M University Bba Former

Array

Organization Position Status
Vogel Associates President Current
Adipogenix, Inc. Board of Directors Current
Pressure BioSciences, Inc. Board of Directors Current
Mosaic Technologies Chief Executive Officer Former
Instrumentation Laboratory President Former
Diagnostic Products Corporation Divisional Vice President Former
Diagnostic Products Corporation General Manager Former
Mosaic Technologies Director Former
Wharton Graduate School of the University of Pennsylvania MBA Former
Wharton Graduate School of the University of Pennsylvania Bachelor's Degree In Electrical Engineering Former

William R. Prather RPh, MD, is a Registered Pharmacist as well as a Board Certified Internist and Geriatrician. Dr. Prather received his BS in Pharmacy (1970) and medical degree (1973) from the University of Missouri. He practiced internal medicine in the Kansas City, MO and Vail, CO areas until leaving Internal Medicine in 1987 to pursue a Fellowship in Geriatric Medicine at Harvard University. He completed this Fellowship in 1989. In 1992 Dr. Prather left the practice of medicine to pursue a career in the financial industry where he has held Senior Healthcare research positions for a variety of investment banks . Dr. Prather co-founded Panacos, Inc. (NASDAQ:PANC), a public pharmaceutical company. Additionally, he has been on the Boards of several public and private companies, including Boston Biomedica Inc. (a public medical diagnostics company), PriMed (a private medical device company), MdBio (a Maryland healthcare venture firm), and sat on the Advisory Board of MDS Capital Management, (a Canadian venture firm).

Organization Position Status
Pluristem Life Systems, Inc. Senior Vice President Corporate Development Current
Wall Street Advisor Managing Director Current
Bristol Investment Group, Inc. advisor Current
JM Dutton & Associates Current
Bristol Investment Group, Inc. Board of Directors Current
Pressure BioSciences, Inc. Senior Vice President, Finance and Business Development Current
Pressure BioSciences, Inc. Board Member Former
University of Missouri MD Former
Harvard Medical School MD Former
University of Missouri B.S. In Pharmacy Former
University of Missouri-Kansas City B.S. in pharmacy Former
University of Missouri Degree Former

Executive News

  • Pluristem Therapeutics to Present at the 8th Israel Life Science Industry (ILSI) BioMed Conference

    Forbes.com - 6/08/09 - View Story

  • Stanford's Professor John Cooke Joins Pluristem's Scientific Advisory Board

    Forbes.com - 6/02/09 - View Story

  • Pressure BioSciences, Inc. (PBIO) Chief Executive Officer to Ring The NASDAQ Stock...

    Reuters - 5/29/09 - View Story

  • Pressure Biosciences, Inc. Announces the Release of Its Much Anticipated, Next Generation...

    Reuters - 5/29/09 - View Story

  • Pluristem Therapeutics to Present at the International Society for Stem Cell Research (ISSCR)...

    Forbes.com - 5/26/09 - View Story

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     PBIO $1.46 -0.08 (-5.20% )
Average Volume 7,483
Shares Outstanding 2.20M
Market Cap 3.2M
Year High 3.75
Year Low 0.55
Earnings Per Share N/A
P/E Ratio -
Dividend N/A
Yield N/A
Glass Door

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Company Employer Rating
Pfizer 3.0
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