oxibetINDICATIONS AND USAGE. Oxibet (Folic Acid) ® is a prescription iron supplement indicated for use in improving the nutritional status of iron deficiency. CONTRAINDICATIONS. This productConsists of folic acid, selenium, vitamin B, vitamin C, vitamin E, zinc. What is Folic acid (Oxibet)? Vitamins are compounds that you must have for growth and health. They are needed in small