PURE Bioscience (OTCMKTS:PURE) has seen a surge in price and trading volume in recent months after some big press from the Company including their announcement on November 3 they received an FDA Acknowledgement Letter for Use of SDC Antimicrobial as Fresh Produce Processing Aid; The Company Targets Q1 2016 for Commercialization of PURE Control(R) Into New $300+ Million Market Segment.
PURE has been around for years and was delisted from the NASDAQ stock exchange in May of last year for failing to meet the $1 minimum bid requirement. Ironically the stock has been rising since hitting the OTCBB.
PURE Bioscience (OTCMKTS:PURE) is focused on developing and commercializing their proprietary antimicrobial products primarily in the food safety arena — providing solutions to the health and environmental challenges of pathogen and hygienic control. The Company is the creator of the patented silver dihydrogen citrate (SDC) antimicrobial.
PURE technology platform is based on patented stabilized ionic silver, and our initial products contain silver dihydrogen citrate, or SDC. SDC is a broad-spectrum, non-toxic antimicrobial agent, which offers 24-hour residual protection and formulates well with other compounds. As a platform technology, SDC is distinguished from existing products in the marketplace because of its superior efficacy, reduced toxicity and the inability of bacteria to form a resistance to it.
PURE Hard Surface disinfectant, which is powered by the patented, non-toxic, environmentally friendly SDC antimicrobial molecule, fits perfectly into SUBWAY(R)’s commitment to greener living and its food safety protocol. A leader in the quick service restaurant industry, all SUBWAY(R) restaurants are required to follow policies in support of SUBWAY(R)’s overall commitment to make its restaurants and operations as environmentally and socially responsible as possible. The availability of the powerful PURE Hard Surface disinfectant will strengthen the quick service restaurant chain’s sanitization program.
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On November 10 PURE said it has received an Acknowledgement Letter from the US Food and Drug Administration (FDA) for its Food Contact Notification (FCN) for Silver Dihydrogen Citrate (SDC) as a spray or dip on processed fruits and vegetables stating that its submission is complete and setting an effective date of January 2016.
PURE is prepared to begin commercialization of PURE Control in calendar Q1 2016 as a food safety solution for a broad range of processed vegetables and fruits that are most frequently associated with pathogen contamination. In its regulatory filing, PURE demonstrated materially significant reductions in Salmonella, Listeria and E. coli in processed fresh produce, as compared with current processing chemicals.
According to the Company they are engaged in both “push” and “pull” sales and marketing initiatives with produce processors, retailers, and distributors to prime demand for PURE Control. Among these are some of the very largest vegetable and fruit processors, grocery and restaurant chains.
On November 20 PURE announced the superior efficacy and safety of its SDC-based technology was highlighted as a Listeria control solution in a presentation made this week by James L. Marsden, Ph.D., Distinguished Professor – Food Safety and Security at Kansas State University, at the Food Safety Consortium in Chicago.
CEO Hank R. Lambert said “We are proud that our SDC food safety solution technology was selected for presentation and discussion with this important and influential group of food safety experts and officials. It is further validation that our superior efficacy, environmentally friendly antimicrobial technology is a leading solution for reducing the growing risk of foodborne illness outbreaks.
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Currently trading at a $50 million market valuation PURE does have $3.9 million in the treasury as well as some small revenues. PURE is an exciting story developing in small caps; the Company is the creator of the patented silver dihydrogen citrate (SDC) antimicrobial and has targeted Q1 2016 for Commercialization of PURE Control(R) Into New $300+ Million Market Segment. PURE Is an ex NASDAQ stock with several irons in the oven. We will be updating on PURE as events unfold so make sure you are subscribed to Microcapdaily so you know what is going on with PURE.
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Disclosure: we hold no position in PURE either long or short and we have not been compensated for this article.