FinancialBuzz.com’s latest Buzz on the Street Show: Featuring Our Corporate News Recap on “Pressure BioSciences’ Ultra High Pressure HUB Platform Highly Effective in Studies to Develop Improved Methods for Food Safety.”
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 life sciences industry, announced that its HUB platform of unique, ultra-high pressure instruments was featured in three presentations at the world’s largest annual food science conference, the Institute of Food Technologists, which was held June 2-5, 2019 in New Orleans, LA.Â The presentations reported the use of PBI’s HUB440 and HUB880 Explorer systems to advance knowledge and understanding of the effects of high pressure processing on serious food-borne pathogens in liquid food products and ground meat, and on the decontamination of such pathogens.
Pressure BioSciences, Inc. is a leader in the development and sale of innovative, broadly enabling, pressure-based solutions for the worldwide life sciences industry. Our products are based on the unique properties of both constant and alternating hydrostatic pressure. PCT is a patented enabling technology platform that uses alternating cycles of hydrostatic pressure between ambient and ultra-high levels to safely and reproducibly control bio-molecular interactions.
In 2016, a total of 56.9 million deaths were reported and of that number, 54% were due to the top 10 medical conditions. However, the two most common conditions were Ischaemic heart disease and stroke, which accounted for 15.2 million deaths in 2016 alone. Moreover, these two conditions have been the leading causes of global death in the past 15 years. Furthermore, other medical conditions such as chronic obstructive pulmonary disease, lower respiratory infections, Alzheimer’s, and lung cancers also accounted for millions of deaths collectively, according to the World Health Organization (WHO). The alarming number has prompted biotechnology and healthcare companies to develop new technology and medicine in order to help reduce the mortality rate. For instance, cancer deaths in the U.S. have declined by 27% in the past 25 years due to advancements in detection technology and treatment. Moreover, environmental changes have also played a large role in the decline of deaths. However, the majority of deaths in 2016 occurred in low-income countries where many people lack access to proper and adequate healthcare. While, predominantly, non-communicable diseases accounted for 71% of global deaths, ranging from 37% in low-income countries to 88% in high-income countries. And all but one of the 10 leading causes of deaths in high-income countries were non-communicable diseases. In terms of the absolute number of deaths, however, 78% of total non-communicable diseases occurred in low-and-middle-income countries, according to the WHO. Overall, the mortality rates are continuing to decline for certain medical ailments as companies continue to develop more effective treatments. And as a result, spending within the marketplace is increasing due to various investments as well as growing consumer spending. According to data compiled by Global Market Insights, the global biotechnology market is expected to surpass a value of USD 775 Billion by 2024. Additionally, the data forecasts the market to accelerate at a CAGR of 9.9%.
Cancer is one of the large markets that many biotechnology companies predominantly target. In 2018, there were an estimated 1.73 million new cancer cases diagnosed and among the new group of diagnoses, 609,640 deaths are expected to occur, according to the American Cancer Society. Overall, the most common types of cancer diagnosed in men are prostate, lung, and colorectal while women are most commonly diagnosed with breast, lung, and colorectal cancer. And the decline in cancer mortality is largely due to steady reductions in smoking rates and advances in early detection and treatment. However, the American Cancer Society did note that not all populations are benefitting from the advancements. According to the most recent decade of available data from 2006 to 2015, the rate of new cancer cases fell by 2% per year in men and stayed the same for women. The cancer death rate from 2007 to 2014 had also declined by 1.4% per year in women and 1.8% per year in men. “This report also highlights our long-standing concerns about the underrepresentation of individuals from lower socioeconomic populations in cancer clinical trials and the access to treatment advances these trials may provide,” said Monica M. Bertagnolli, MD, FACS, FASCO, the President of the American Society of Clinical Oncology. “We must work to ensure every patient has access to cancer care that reflects their individual needs as well as the opportunity to participate in research and contribute to progress.”
For more information, please visit: Pressure Biosciences, Inc.
For more corporate news on Pressure Biosciences Inc., check out the Buzz on the Street
About Buzz on the Street: One of FinancialBuzz.com’s latest corporate and financial news shows, covering the latest trending stock market news. Buzz on the Street looks to become a leader in corporate video news dissemination. Buzz on the Street is 100% original content, brought to you by Financial Buzz Media.