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Oxygen Biotherapeutics and Aurum Biosciences Enter Joint Research Agreement to Develop an Oxycyte® - Based Diagnostic Tool and Therapeutic for Acute Ischemic Stroke
MORRISVILLE, N.C., Feb. 1, 2012 (GLOBE NEWSWIRE) -- Oxygen Biotherapeutics, Inc. (Nasdaq:OXBT) and privately held Aurum Biosciences Ltd. of Glasgow, Scotland, today jointly announced they have signed a long-term agreement to develop a better tool for defining the extent of injury in acute ischemic stroke and for treating this emergency in the important early hours after the attack. At the center of both efforts is Oxygen Biotherapeutics' proprietary, perfluorocarbon-based Oxycyte emulsion, which is known for delivering large amounts of oxygen to the brain. The key to the diagnostic work lies in Aurum's proprietary GOLD (Glasgow Oxygen Level-Dependent) Magnetic Resonance Imaging (MRI) technology, which has already shown great promise in mapping potentially salvageable tissue in the brain after stroke in the brain. more..
Indications
Wounds
In the United States and Europe, revenues in the wound care market continue to increase due to increased rates of obesity, diabetes, an aging population and improved access to health care, according to a report by Rodman & Renshaw, which also estimates the market is $15 billion per year. Chronic, non-healing wounds are prevalent and costly. More...
Traumatic Brain Injury
According to the Department of Defense Personnel and Procurement Statistics, 75% of all U.S. military casualties of Operation Enduring Freedom and Operation Iraqi Freedom are caused by explosive weaponry, resulting in TBIs and blast-induced neurotrauma, which have been called the "signature wounds" of these wars. They estimate that TBI accounts for about 22 percent of all casualties. More...
Decompression Illness
Decompression Illness (DCI), commonly known as "the bends", is a serious condition that results from a reduction in the ambient pressure surrounding a body. A good example is what happens when a diver surfaces too quickly without giving his/her body a chance to acclimate to the change in pressure when they ascend. More...
Dermatology
It is well documented that oxygen has healing properties. Oxygen skin care is based on the premise that stable natural oxygen increases skin cell metabolism. More...