FinancialBuzz.com’s latest Buzz on the Street Show: Featuring Our Corporate News Recap on “$3,500,000 Initial Order for FDA-Registered, Premium Hand Sanitizer Catapults SkinScience Labs, a Pending Accretive Acquisition of Pressure BioSciences, Into the Multi-Billion Dollar Hand Sanitizer Market.”
Pressure BioSciences, Inc. (OTCQB: PBIO), a leader in the development and sale of broadly enabling, pressure-based instruments, consumables, and platform technology solutions to the worldwide biotechnology, biotherapeutics, cosmeceuticals, nutraceuticals, and food & beverage industries, today announced that its merger partner SkinScience Labs, Inc. has received an initial $3.5 million dollar order for its newly developed, premium, dermatological hand sanitizer product. PBI announced plans on April 30, 2020 to acquire SkinScience Labs (SSL Acquisition), parent company of the award-winning Dr. Denese skin care and anti-aging product lines. PBI’s rights to acquire SkinScience Labs, Inc. arise through its planned acquisition of Cannaworx, Inc., announced on April 28, 2020 (Cannaworx, Inc. Acquisition).
Pressure BioSciences, Inc. (OTCQB: PBIO) is a leader in the development and sale of innovative, broadly enabling, pressure-based solutions for the worldwide life sciences and other industries. Our products are based on the unique properties of both constant (i.e., static) and alternating (i.e., pressure cycling technology, or PCT) hydrostatic pressure. PCT is a patented enabling technology platform that uses alternating cycles of hydrostatic pressure between ambient and ultra-high levels to control bio-molecular interactions safely and reproducibly (e.g., cell lysis, biomolecule extraction). Our primary focus is in the development of PCT-based products for biomarker and target discovery, drug design and development, biotherapeutics characterization and quality control, soil & plant biology, forensics, and counter-bioterror applications. Additionally, major new market opportunities have emerged in the use of our pressure-based technologies in the following areas: (1) the use of our recently acquired, patented technology from BaroFold, Inc. (the “BaroFold” technology) to allow entry into the bio-pharma contract services sector, and (2) the use of our recently-patented, scalable, high-efficiency, pressure-based Ultra Shear Technology (“UST”) platform to (i) create stable nanoemulsions of otherwise immiscible fluids (e.g., oils and water) and to (ii) prepare higher quality, homogenized, extended shelf-life or room temperature stable low-acid liquid foods that cannot be effectively preserved using existing non-thermal technologies.
The global skincare market is highly competitive with large multinational corporations dominating it. Yet, over the past few years, several smaller companies managed to gain market share, in large part thanks to increasing consumer interest in natural beauty products, particularly in Europe and North America. There is a rise in awareness regarding the various benefits of using personal care products, which has resulted in a rise in sales. Demand for skincare products, specifically in the organic segment, is expected to maintain strong growth thanks to innovation, which is a response to increasing need for natural quick-fix solutions for various problems that arise from pollution and other factors. And, According to Grand View Research the global skincare products market size was valued at 134.8 billion in 2018 and is projected to expand at a CAGR of 4.4% from 2019 to 2025.
Perhaps not surprisingly, the popularity of skincare products has not diminished in a time of a pandemic. For example, Tula CEO, Savannah Sachs, said in a CNBC interview, “I think what we’re seeing is that consumers are staying at home and they’re investing in health and wellness even more… We’re seeing really, really great demand across the country.” In addition, Larissa Jensen, vice president and beauty advisor at NPD, a market research firm that tracks consumer trends, explained that, “Clean (beauty) is something already that we were saying is going to be important to watch… I believe that the circumstances today have only accelerated that conversation and amplified the importance of it.”
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