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OXiGENE is Today's Focus Stock on MicroStockProfit.com

DALLAS, June 7, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring OXiGENE Inc. (Nasdaq:OXGN). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
/ Source: GlobeNewswire

DALLAS, June 7, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring OXiGENE Inc. (Nasdaq:OXGN). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.

The full report is available at:

OXiGENE (OXGN) is a clinical-stage, biopharmaceutical company developing novel therapeutics to treat cancer and eye diseases. The Company's primary focus is the development of product candidates referred to as vascular disrupting agents (VDAs) that selectively disable and destroy abnormal blood vessels that provide solid tumors a means of growth and survival and also are associated with visual impairment in a number of ophthalmological diseases and conditions. The Company currently has three ongoing VDA drug development programs that address cancer and ophthalmology indications. Its VDA product candidates, as described in scientific publications and presentations, have demonstrated significant potential in human clinical studies to date in cancer and eye disease. ZYBRESTAT, the Company's lead candidate, is being evaluated in studies of patients with anaplastic thyroid cancer (ATC), non-squamous non-small cell lung cancer and platinum-sensitive ovarian cancer.

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In the report, the analyst notes:

"Drug maker OXGN saw its stock rise over 7% in Monday's trading after the Company announced that it is again in compliance with certain Nasdaq minimum market and stock value requirements, which allows the Company to continue to trade on the exchange."

"Investors also welcomed the news of encouraging data from the Company's phase ll/III trial of ZYBRESTAT (fosbretabulin tromethamine, or CA4P). The Company yesterday announced that it presented final results from a randomized, controlled phase II/III study of ZYBRESTAT in patients with anaplastic thyroid cancer (ATC) at this year's meeting of the American Society of Clinical Oncology (ASCO) in Chicago, Illinois."

To read the entire report visit:

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