OXBT

Pharma

Oxygen Biotherapeutics to raise $7.5M in private placement

Oxygen Biotherapeutics (NASDAQ:OXBT) plans to raise up to $7.5 million through a private placement with two unnamed institutional investors, financing that will be directed to the company’s drug pipeline that includes a clinical stage compound for treating traumatic brain injury. Morrisville, North Carolina-based Oxygen focuses on therapies that enhance the delivery of oxygen to damaged […]

Pharma

Two OXBT directors resign; cite loss of confidence from shareholders

The shakeout at Oxygen Biotherapeutics (NASDAQ:OXBT) continues with two board members of the biotechnology company resigning in the wake of disclosures of alleged improprieties leading to the ouster of former CEO Chris Stern. Morrisville, North Carolina-based Oxygen said the resignations of Rene Eckert and J. Melville Engle were not the result of any disagreement with […]

Pharma

OXBT fires CEO Chris Stern ‘for cause’ after audit investigation

Oxygen Biotherapeutics (NASDAQ:OXBT) is searching for a new top executive after terminating CEO Chris Stern in connection with an audit investigation. Morrisville, North Carolina-based Oxygen Biotherapeutics disclosed Stern’s termination in a securities filing Wednesday after the markets closed. The filing stated that Stern was terminated “for cause” in connection with an audit committee investigation “concerning […]

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N.C. biotech OXBT to partner with Scotland firm on stroke research

North Carolina biopharmaceutical company Oxygen Biotherapeutics (NASDAQ:OXBT) is teaming with a Scotland company to see if their respective technologies can work together in improving how to see and intervene in a stroke. Morrisville, North Carolina-based Oxygen Biotherapeutics announced on Monday a letter of intent to conduct preclinical research with Aurum Biosciences, which is based in […]

Pharma

Oxygen Biotherapeutics expands TBI trials to India, seeks partner

Oxygen Biotherapeutics (NASDAQ:OXBT) plans to expand its traumatic brain injury clinical trial to India and the drug development company is now looking for a pharmaceutical partner who could help take its experimental treatment through clinical trials. Morrisville, North Carolina-based Oxygen Biotherapeutics has been studying a treatment that enhances the delivery of oxygen to injured tissue, […]

News

Executive at N.C. pharma Oxygen Biotherapeutics retiring

Oxygen Biotherapeutics President and COO Richard Kiral is retiring today after more than a decade at the pharmaceutical development company. Kiral’s employment agreement with Oxygen Biotherapeutics (NASDAQ:OXBT) allows him to retire after reaching age 70, which occurred earlier this year. On March 28, the Morrisville, North Carolina-based company entered into a resignation of employment and […]