Oculus Innovative Announces Positive Milestones Achieved and Positive Forward Outlook
NOTE TO EDITORS: The Following Is an Investment Opinion Issued by The IO Circuit
NEW YORK, NY -- (Marketwire) -- 12/12/12 -- Oculus Innovative Sciences, Inc (NASDAQ: OCLS) announced several key factors that will drive its expected EBITAS profitability in FY2014 including possible partnerships in Europe, increased revenue and reduction of SG&A costs as a result of their partnership with More Pharma.
Oculus, a healthcare company that designs, produces and markets innovative and safe anti-infective medical devices and treatments for acne. The Company's Microcyn® Technology Platform is capable of producing a pH-neutral, non-irritating solution of oxychlorine compounds that are similar to the chemicals produced by the human body in its defense against microorganisms. Visiongain, an independent business information provider estimates that wound care products are expected to rise over the next 10 years driven by an increase of chronic wounds in an aging population. Visiongain expects the wound care market to top $16 billion by 2023.
Other active pharmaceutical companies with a focus on wound care are Derma Sciences (NASDAQ: DSCI), Smith & Nephew (NYSE: SNN) and Invacare Corp (NYSE: IVC).
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