OXIS DEVICE FOR DETECTION OF ANTIBIOTIC RESISTANCE CLEARED FOR MARKETING IN THE UNITED STATES; First In A Series Of New Rapid Enzyme-Detection Tests From OXIS.PORTLAND, Ore.--(BUSINESS WIRE)--May 25, 1995--OXIS International Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : OXIS) today announced that its 510(k) application to market its product, Beta Lactamase Rapid Enzyme Detection Discs (Beta-L RED Discs), has been approved by the U.S. Food and Drug Administration. Based on OXIS' proprietary compound, cefesone, Beta-L RED Discs detect the production of the beta lactamase enzyme by certain antibiotic-resistant bacteria that cause infections. OXIS plans a market launch of the product as early as the fourth quarter of 1995. "The production of beta lactamase by bacteria is one of the more common mechanisms that can cause certain widely used antibiotics to be ineffective in treating infections," stated Dr. Ann Barker, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of OXIS. "OXIS' Beta-L RED Discs will allow physicians to make a preliminary antibiotic selection and begin treatment for various infections while awaiting results from conventional antibiotic sensitivity test methods." Beta-L RED Discs usually detect antibiotic resistance antibiotic resistance, n the ability of certain strains of microorganisms to develop resistance to antibiotics. antibiotic resistance in 15 seconds to one hour, depending on the bacteria, as compared to the 18 to 24 hours required for conventional growth-dependent sensitivity methods. The test can be performed by a hospital's microbiology laboratory or a clinical reference laboratory. According to industry sources, several million beta lactamase screening tests are performed each year. Beta-L RED Discs, the first in a series of screening devices for antibiotic resistance to be introduced by OXIS, uses a compound that changes color in the presence of beta lactamase. The color change indicates the bacteria will be resistant to some penicillin and cephalosporin cephalosporin (sĕf'əlōspôr`ĭn), any of a group of more than 20 antibiotics derived from species of fungi of the genus Cephalosporium and closely related chemically to penicillin. Cephalosporins, e.g. antibiotics, which are commonly used to treat a variety of bacterial infections. Beta-L RED Discs have undergone tests in several microbiology laboratories over the last 12 months as part of the product development process. Several noted specialists in the field of microbiology have published reports indicating excellent results with Beta-L RED Discs in detecting the production of beta lactamase by clinical isolates of bacteria. OXIS plans to introduce additional products for antibiotic-resistance screening in the near future. OXIS International (NASDAQ: OXIS) is a drug development and diagnostic company dedicated to the research and development of antioxidants Antioxidants Substances that reduce the damage of the highly reactive free radicals that are the byproducts of the cells. Mentioned in: Aging, Nutritional Supplements antioxidants, n. and free-radical scavengers to diagnose and treat diseases associated with reactive oxygen species reactive oxygen species, n molecules and ions of oxygen that have an unpaired electron, thus rendering them extremely reactive. Many cellular structures are susceptible to attack by ROS contributing to cancer, heart disease, and cerebrovascular disease. . The company, headquartered in Portland, has research facilities in Mountain View, Calif. and near Paris. For additional information, contact the Investor Relations Investor relations The process by which the corporation communicates with its investors. Department of OXIS International at 6040 N. Cutter Circle, Suite 317, Portland, Oregon; phone 503/283-3911; fax 503/283-4058. CONTACT: KVO KVO Keep Vein Open KVO Key-Value Observing KVO Kunstvakonderwijs (Dutch) KVO Keeler, Vandyke, O'Brien (KVO Industries; Santa Rosa CA) Public Relations Will Anderson, 503/221-2351 |
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