This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Oxygen Biotherapeutics Issues Letter To Shareholders

The link to the shareholder letter should read: http://www.oxybiomed.com/news_events_full_article_59.html.

The corrected release reads:

OXYGEN BIOTHERAPEUTICS ISSUES LETTER TO SHAREHOLDERS

Oxygen Biotherapeutics, Inc., (“OBI”) (NASDAQ: OXBT) a developer of oxygen-carrying therapeutics, today announced the Company has issued a Letter to Shareholders.

Highlights of the letter include:

  • Progress in our international Phase IIb clinical trials of Oxycyte® for the treatment of traumatic brain injury, a global market projected to reach $2 billion by 2017 according to GlobalData
  • Preliminary results from our preclinical trials of Oxycyte® in the U.S., designed to address the FDA’s clinical hold
  • Implementation of our business strategy to focus on the development of Oxycyte® for critical indications while out-licensing non-core indications
  • Improved cash position resulting from a $5.4 million funding closed in July which provides liquidly to fund projected operating requirements and clinical trials through the remainder of fiscal 2014
  • The U.S. Army and U.S. Navy’s Cooperative Research & Development Agreements to explore Oxycyte®
  • Out-licensed Dermacyte® cosmetics line to Valor, which has generated licensing revenues and reduced our operating expenses
  • Our research partnership with Aurum Biosciences for the development of Oxycyte® for the diagnosis and treatment of stroke, a market projected to grow to $3.6 billion by 2015 according to GlobalData

To read the letter in full please visit: http://www.oxybiomed.com/news_events_full_article_59.html

About Oxygen Biotherapeutics, Inc.

Oxygen Biotherapeutics, Inc. is developing medical products that efficiently deliver oxygen to tissues in the body. The company has developed a proprietary perfluorocarbon (PFC) therapeutic oxygen carrier called Oxycyte ® that is currently in clinical and preclinical studies for intravenous delivery for indications such as traumatic brain injury, decompression sickness and stroke. The company is also developing PFC-based creams and gels for topical delivery to the skin for dermatologic conditions and potentially wound care. In addition, the Company has commercialized its Dermacyte ® line of skin care cosmetics for the anti-aging market. Dermacyte is now out-licensed to Valor Cosmetics of Switzerland.

Caution Regarding Forward-Looking Statements

This news release contains certain forward-looking statements by the company that involve risks and uncertainties and reflect the company’s judgment as of the date of this release. The forward-looking statements are subject to a number of risks and uncertainties, delays in new product introductions and customer acceptance of these new products, and other risks and uncertainties as described in our filings with the Securities and Exchange Commission, including in our annual report on Form 10-K filed on June 26, 2013, as well as other filings with the SEC. The Company disclaims any intent or obligation to update these forward-looking statements beyond the date of this release. This caution is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,951.99 -82.94 -0.46%
S&P 500 2,098.75 -1.65 -0.08%
NASDAQ 5,018.0970 +23.4950 0.47%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs