WALTHAM, Mass., March 30, 2009 (GLOBE NEWSWIRE) -- OXiGENE, Inc. (Nasdaq:OXGN)
(XSSE:OXGN), a clinical-stage, biopharmaceutical company developing novel
therapeutics to treat cancer and eye diseases, today announced that the audit
report on its financial statements for the fiscal year ended December 31, 2008,
included in the Company's Annual Report on Form 10-K, filed with the Securities
and Exchange Commission on March 30, 2009, contains a going concern
qualification from its independent registered public accounting firm, Ernst &
Young LLP.
This announcement is required by Nasdaq Marketplace Rule 4350(b)(1)(B), which
requires a public announcement of receipt of an audit opinion containing a
going concern qualification. This announcement does not represent any change or
amendment to the Company's financial statements or to its Annual Report on Form
10-K for the fiscal year ended December 31, 2008.
About OXiGENE
OXiGENE is a clinical-stage biopharmaceutical company developing novel
therapeutics to treat cancer and eye diseases. The company's major focus is
developing VDAs that selectively disrupt abnormal blood vessels associated with
solid tumor progression and visual impairment. OXiGENE is dedicated to
leveraging its intellectual property and therapeutic development expertise to
bring life-extending and -enhancing medicines to patients.
The OXiGENE, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=4969
CONTACT: OXiGENE, Inc.
Investor and Media Contact:
Michelle Edwards
650-635-7006
medwards@oxigene.com
OXiGENE Receives Qualified Opinion On Its Audited Financial Statements for 2008
| Source: Oxigene, Inc.