OXiGENE (OXGN) Narrows Loss in FY11; CFO Murphy's Tenure Expires

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OXiGENE, Inc. (Nasdaq: OXGN) reported a net loss of 86 cents per share for 2011, narrower than the $5.96 loss per share reported in the prior year.

OXiGENE also announced today that Jim Murphy's tenure as Chief Financial Officer will end at the end of March. Since the Company's restructuring in September 2011 and decision to consolidate its operations in South San Francisco, Murphy has served in this role as a consultant. Murphy will be succeeded by David Johnson, an experienced financial executive, who will assume the role of OXiGENE's principal financial executive and chief financial officer at the end of March.

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