NEW YORK (GenomeWeb News) – Germany's IUL Instruments has signed an agreement to exclusively market Pressure BioSciences' Pressure Cycling Technology sample preparation instruments and consumables in Germany and Switzerland.
In addition, IUL has non-exclusive rights to market and sell Pressure Bio's mechanical homogenization device, the Shredder SG3, and associated consumables in the same countries. Financial and other terms of the agreement were not disclosed.
Richard Schumacher, president and CEO of Pressure Bio, noted in a statement that IUL has more than 30 marketing, sales, and service personnel, "many with advanced degrees in the life sciences. They also have a well-designed infrastructure to support their large customer base."