EXHIBIT 21.1

WOUND MANAGEMENT TECHNOLOGIES, INC

FORM 10-K – LIST OF SUBSIDIARIES

FOR THE YEAR ENDED DECEMBER 31, 2011

100% Owned Subsidiaries
Wound Care Innovations, LLC	Nevada limited liability company
BioPharma Management Technologies, Inc.	Texas corporation
ResorbableOrthodpedic Products, LLC	Texas limited liability company
50% Owned Joint Venture
Pharma Technology International, LLC	Nevada limited liability company