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Oxygen Biotherapeutics, Inc. Files Cosmetic Product Ingredient Statement for new Oxycyte-based Cosmetic Gel
Date:5/1/2009

COSTA MESA, Calif., May 1 /PRNewswire-FirstCall/ -- Oxygen Biotherapeutics, Inc. (OTC Bulletin Board: OXBO) today announced that the company has filed a Cosmetic Product Ingredient Statement (CPIS) with the FDA for Dermacyte(TM) Gel, its new Oxycyte(R)-based cosmetic product. Oxycyte is the company's perfluorocarbon (PFC) therapeutic oxygen carrier.

"This voluntary filing with the FDA is a sign that we are a big step closer to bringing our first product to market," said Chris Stern, chairman and CEO of Oxygen Biotherapeutics. "This new gel, which we've named Dermacyte, is an oxygen-rich formulation of Oxycyte which we believe will promote skin health and other desirable cosmetic benefits when applied to the skin. Our gel shows amazing effects and it is just a foundation for us to morph gradually into more complex and clinical environments. It has achieved excellent test results in cytotoxicity, bacteriostasis, fungistasis, sterility and skin irritations studies. As subsequent steps, we intend to file Investigational New Drug applications with the FDA for over-the-counter drug applications both in the wound and acne sectors and go on with clinical trials as warranted."

A CPIS is a voluntary registration with the FDA recommended for a cosmetic product's commercial introduction. The acne product will be called Acnecyte(TM), and the wound product Wundecyte(TM).

"This gel is just the base of what I believe can become an extensive product line that will lead us deep into the topical sector," said Joe Tai, the newly-appointed director of Oxygen Biotherapeutics' topical division. "I dare to say that the market has not yet seen such a product."

Said Stern, "This marks another milestone in our company's development. We are now ready to shore up our efforts to enter into distribution license agreements with potential partners and emerge from a research company to a commercial enterprise."


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SOURCE Oxygen Biotherapeutics, Inc.
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