$PBIO simultaneously announced a planned acquisition of Dr. Denese's acclaimed SkinScience® brand, which is a profitable and highly renowned company within the cosmetics space. SkinScience has generated approximately $18 million in revenue in 2019 alone and over $500 million over the past 17 years. The brand has sold over 25 million units and has won many customer choice beauty awards over the years.

Both of PBIO's recent acquisitions represent strong synergies and allow PBIO to cater to large addressable markets.