This product is developed by Alliance Pharmaceutical Corp. At following their announce.
"Oxygent^TM is an intravascular oxygen carrier in clinical development as a temporary "blood substitute" to reduce or eliminate the need for donor blood transfusions during surgery"

Is that true? Frequently Asked Questions about OxygentTM (perflubron emulsion)

"Oxygent is a "blood substitute" in the sense that it mimics the gas transport function of the red blood cells, which contain a protein called hemoglobin that is responsible
for delivering oxygen and removing carbon dioxide from the tissues of the body. fficeffice" />>>

As an oxygen carrier…>>
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Oxygent is expected to be used initially during various types of surgery to reduce or eliminate the need for donor blood. Additional potential future uses include situations when the patient experiences sudden tissue oxygen deficit such as unexpected blood loss during emergencies, stroke, and circumstances when donor blood isn’t immediately available.>>
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As an agent to absorb unwanted gases…>>
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Its ability to absorb large quantities of gases may allow Oxygent to be helpful in removing unwanted air bubbles that are created when cardiopulmonary bypass (CPB) is used for coronary artery bypass grafting (CABG) procedures. These bubbles can block small blood vessels and thereby deprive parts of the brain and other critical organs of oxygen. Oxygent may also be useful as a treatment for decompression sickness, when the patient is at risk due to the presence of nitrogen bubbles in the blood.">>

I hope that it become as another solution.