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Biopure Announces 2007 Third Quarter Financial Results
Date:8/23/2007

ment- funded efforts to develop a potential out-of-hospital trauma indication. Biopure's veterinary product Oxyglobin(R) [hemoglobin glutamer -- 200 (bovine)], or HBOC-301, the only oxygen therapeutic approved by the U.S. Food and Drug Administration and the European Commission, is indicated for the treatment of anemia in dogs. Biopure has sold approximately 186,000 units of Oxyglobin, which have been used to treat an estimated 100,000 animals.

Statements in this release that are not strictly historical are forward- looking statements, including those statements regarding the proposed transaction with the Malaysian Ministry of Science and Technology and Innovation and the use of proceeds from such transaction, the submission of a draft study protocol submitted to the FDA for the use of Hemopure in the U.S. in certain life-threatening situations and the likelihood of FDA approval of the protocol, the possibility that the Navy's proposed RESUS clinical trial will be allowed to proceed, our plans to address the FDA's letter to the NMRC and future discussions with the NMRC, continued enrollment of our clinical trials, the timing and likelihood of protocol approval by the South Africa Medicines Control Council or any statements that might imply that Hemopure may receive marketing approval in additional jurisdictions or for additional indications. Actual results and their timing may differ materially from those projected in these forward-looking statements due to risks and uncertainties. These risks include, without limitation, uncertainties regarding the company's financial position, unexpected costs and expenses, delays and adverse determinations by regulatory authorities, unanticipated problems with the product's commercial use, whether or not product related, and with product distributors, sales agents or other third parties, and delays in or unpredictable outcomes of clinical trials, and the factors identified under the heading "Risk Factors" in the company's q
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