Pressure BioSciences Raises $1.8M in Private Placement | GenomeWeb

NEW YORK (GenomeWeb News) - Pressure BioSciences said today that it has raised $1.8 million in a private placement that closed on Thursday, Feb. 12.

The company expects the financing to keep it afloat through mid-2010. In December, the firm said that it only had enough cash to last until the middle of this year and laid off eight staffers in a restructuring in order to cut costs.

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