SeeThruEquity has updated its coverage and issued a price target of $1 on shares of Great Basin Scientific, Inc.’s (OTCQB: GBSN) stock, noting several corporate highlights. Great Basin Scientific has reported growth of over 120% in its pipeline after recently expanding its menu of molecular tests, which the analyst noted also drives opportunity for the company. The planned expansion moves the number of assays to five with a sixth molecular test currently awaiting FDA clearance.
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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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