Rebound Play or Scam? Oculus Innovative Sciences' CEO Speaks Up Print E-mail
By Staff and Wire Reports   
Monday, 26 March 2012 01:16
CEO interviewHoji Alimi, founder and CEO of Oculus Innovative Sciences, Inc. (NASDAQ:OCLS) in an exclusive, candid interview with BioMedReports, answers questions about whether his company will ever become a profitable and successfully commercialized biotechnology firm.

In addition to drastically reducing its burn rate from over $18 million a year in 2008 to roughly $3 million for the first nine months of the current fiscal year, Alimi says his firm is significantly close to EBITDAS breakeven in September of 2011 with trailing revenues 2011 of $12.1 million. At this point, speculators are wondering  whether Oculus is a good rebound play or whether the bears will continue to cast doubt on any bullish opportunities hinted at for the firm’s banged up share price by its CEO.

Oculus designs, produces and markets safe and effective tissue care products based upon the Microcyn® Technology platform, which significantly reduces the need for antibiotics while reducing infections and accelerating healing. During their development phase, some opinion leaders in the space doubted whether the firm would ever successfully gain FDA approval for their various products, some calling Microcyn® little more than “diluted bleach.”

Alimi took exception but he and his team were happy to push the tissue care product pipeline forward. Now they look back armed with seven FDA clearances, several new partnerships and preparations are underway to launch more Microcyn® based products in the dermatology and hospital wound-care markets.

Still, the doubters continue to harp on Alimi, who served as a corporate biologist for Arterial Vascular Engineering, where also designed and managed toxicology projects related to that firm’s products from 1995 to 1999.

Alimi, who has never been shy about taking on his most vociferous critics attempted to set the record straight at the recent Roth Capital Growth Conference. Speaking to BioMedReports' M.E. Garza he attempts to answer some of the questions investors and the markets want answers to.

The full video interview with Hoji Alimi, CEO of Oculus Innovative Sciences is available below:

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