FinancialBuzz.com’s latest Buzz on the Street Show: Featuring Our Corporate News Recap on “Pressure BioSciences Enters CBD Market with Launch of Novel Instrument System to Revolutionize Manufacturing of High Quality, Water-Soluble CBD.”
Pressure BioSciences, Inc. (OTCQB: PBIO) announced the launch of its BaroShear K45 system based on the Company’s proprietary Ultra Shear Technology platform. The BaroShear K45 system is a unique and powerful next generation nanoemulsification system designed to fix one of the most critical problems facing CBD manufacturers today: the extremely poor water solubility of CBD oil.
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.
Researchers and scientists are constantly developing new, innovative medicines to effectively treat patients. However, the cost to conduct clinical trials and then receive approval to commercialize a drug is absurdly expensive. The Tufts Center for the Study of Drug Development estimated that in 2017, it cost pharmaceutical companies approximately USD 2.7 Billion to bring medicine from invention stages to shelves. And even after pharmaceutical companies are granted approval to commercialize, studies have concluded that many of these drugs negatively harm consumers. Now, the growing concern over the mental and physical health damage caused by traditional medicines have prompted medical institutes to reevaluate, which has, in turn, brought forth medical cannabis into the spotlight. Small-scale research and clinical trials have concluded that medical cannabis can effectively treat medical conditions that common medications such as opioids also treat. Moreover, cannabis is significantly cheaper to cultivate and commercialize, when compared to other drugs that are undergoing trials. Data from the Marijuana Business Factbook suggested that the average cost for a startup wholesale cannabis cultivation businesses is as low as USD 10 per sq. ft. for outdoor grow houses but can go for as much as USD 75 per sq. ft.for indoor facilities. Despite the inexpensive costs to grow medical cannabis, the plant is still not a registered treatment under international regulations. However, as clinical trials continue to progress, more countries could be expected to adopt medical cannabis legalizations. According to data compiled by Verified Market Intelligence, the global marijuana market was valued at USD 42.20 Billion in 2017 and is projected to reach USD 466.81 Billion by 2025. Additionally, the market is expected to register a CAGR of 35.3% from 2018 to 2025.
Another major issue about pharmaceutical companies developing their own medicines is whether or not they will meet their primary endpoints. If a company were to miss its primary endpoint, it will usually pour more funds into its clinical trials or, worst-case scenario, terminate the trial. Furthermore, most drugs developed by large pharmaceutical companies are aimed towards treating one or several other medical applications. On the other hand, cannabis can be used to treat a variety of medical conditions such as chronic pain, cancer, Alzheimer’s, Parkinson’s, epilepsy, multiple sclerosis, and anxiety. “The opioid problem is lethal and growing. Prescription opioid abuse is actually worse than heroin abuse; it’s a bigger problem, and it starts in the doctor’s office,” said Dr. Dustin Sulak, Founder and Director of Integr8 Health, a network of holistic health clinics, “Cannabis can replace and reduce opioid use. Adding cannabis makes opioids safer by widening the therapeutic index. Cannabis can prevent opioid tolerance-building and the need for dose escalation. And cannabis can treat the symptoms of opioid withdrawal. Finally, cannabis is safer than the other harm reduction options.”
For more information, please visit: Pressure Biosciences, Inc.
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