By a GenomeWeb staff reporter

NEW YORK (GenomeWeb News) – Pressure BioSciences has raised $500,000 in the second tranche of its $2.5 million Series B private placement.

The South Easton, Mass.-based firm sold units at $18.80 each. The units consisted of one share of non-voting Series B Convertible Preferred Stock, and one warrant to purchase a share of Series B Convertible Preferred Stock at an exercise price of $28.80 per share, expiring on Aug. 11, 2011.

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