CAMBRIDGE, Mass., Oct. 17 /PRNewswire-FirstCall/ -- Biopure Corporation
(Nasdaq: BPURD BPUR) announced today that the board of directors has
elected R. Todd Wood as the company's Vice President-Operations and Acting
Chief Financial Officer. In addition, Biopure announced that it has
received notification from The Nasdaq Stock Market that the company has
regained compliance with the $1.00 minimum bid price requirement for
continued listing on the Nasdaq Capital Markets, pursuant to Marketplace
Rule 4310(c)(4).
As previously announced, CFO Francis H. Murphy, age 69, has advised the
company of his intention to retire by December 14, 2007. Mr. Wood, age 35,
has been a consultant to the company since earlier this year, serving as a
director of business development. Mr. Wood's background includes founding
and serving as CEO of a software company, financial consulting and advisory
services with Morgan Stanley and Merrill Lynch and various other technology
and systems positions. Mr. Wood holds the MBA cum laude from the University
of Notre Dame. Mr. Murphy has agreed to remain at Biopure during a
transition period.
Biopure Corporation
Biopure Corporation develops, manufactures and markets pharmaceuticals,
called oxygen therapeutics, that are intravenously administered to deliver
oxygen to the body's tissues. Hemopure(R) [hemoglobin glutamer -- 250
(bovine)], or HBOC-201, is being sold in South Africa for the treatment of
surgical patients who are acutely anemic. Biopure's veterinary product
Oxyglobin(R) [hemoglobin glutamer -- 200 bovine)], or HBOC-301, the only
oxygen therapeutic approved by both 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.
Contact: Tiana Gorham
Biopure Corporation
(617) 234-6826
IR@biopure.com
SOURCE Biopure Corporation
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Related links:
http://www.biopure.com
http://www.prnewswire.com/comp/131224.html /
CONTACT:
Tiana Gorham of Biopure Corporation,
+1-617-234-6826, IR@biopure.com
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