DURHAM, N.C., Dec. 16, 2010 (GLOBE NEWSWIRE) -- Oxygen Biotherapeutics, Inc. (Nasdaq:OXBT) (SIX Swiss Exchange:OXBT) and privately held Sarasota Medical Products, Inc. (SMP) of Sarasota, FL, today announced they signed a Binding Letter of Intent to determine the feasibility of pursuing a joint research and development venture for treating chronic ischemic wounds. The venture will be based on combining Oxygen's Wundecyte ™ PFC formulation with SMP's topical medical devices.
Oxygen Biotherapeutics And Sarasota Medical Products Sign Binding Letter Of Intent To Pursue Joint Research And Development In Chronic Ischemic Wound Care
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