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Oxygen Biotherapeutics, Inc. has reached a development and commercial supply agreement with Hospira's One 2 One Global Pharmaceutical Services business unit to manufacture clinical-grade Oxycyte, a perfluorocarbon (PFC) therapeutic oxygen carrier.
April 14, 2009
By: Tim Wright
Oxygen Biotherapeutics, Inc. has reached a development and commercial supply agreement with Hospira’s One 2 One Global Pharmaceutical Services business unit to manufacture clinical-grade Oxycyte, a perfluorocarbon (PFC) therapeutic oxygen carrier. Hospira will formulate, fill, finish and label Oxycyte to meet clinical GMP standards and it will be manufactured at the company’s Clayton, NC facility. “This agreement connects us to a first-tier contract manufacturer and superbly reliable supplier who will provide us with all the Oxycyte we need to grow the company. As I’ve previously stated, our strategy is to license marketing rights for individual indications, yet always control the supply of our compound and be able to profit from sales of Oxycyte to licensees,” said Chris J. Stern, company chairman and chief executive officer. Financial terms were not disclosed.
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