SeeThruEquity has updated its coverage on Great Basin Scientific, Inc. (OTCQB: GBSN) stock following the company’s news that it has received FDA 510(k) clearance for its new Stool Bacterial Pathogens Panel (SBPP) for foodborne illness. FDA clearance now allows the company to begin actively marketing SBPP to its current customer base of over 230 hospitals and labs, as well as new customers. Management expects the SBPP to be the flagship test moving forward. SeeThruEquity’s previously issued price target of $1.00 on shares of the company’s stock remains unchanged.
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About Great Basin Scientific
Great Basin Scientific is a molecular diagnostics company that commercializes breakthrough chip-based technologies. The company is dedicated to the development of simple, yet powerful, sample-to-result technology and products that provide fast, multiple-pathogen diagnoses of infectious diseases. The company’s vision is to make molecular diagnostic testing so simple and cost-effective that every patient will be tested for every serious infection, reducing misdiagnoses and significantly limiting the spread of infectious disease.
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