Office of Naval Research Provides $3.5 Million in New Grants for Clinical Research Involving Synthetic Blood International, Inc.l’s Oxycyte(R)

COSTA MESA, Calif.--(BUSINESS WIRE)--Synthetic Blood International, Inc. (OTCBB:SYBD) announced today that Virginia Commonwealth University Reanimation Engineering Shock Center (VCURES) has received four separate research grants from the Office of Naval Research (ONR) totaling $3,517,696. These four grants will support pre-clinical research studies involving Oxycyte®, a product of Synthetic Blood International. Oxycyte is the company’s perfluorocarbon (PFC) therapeutic oxygen carrier and blood substitute.

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