BALMEX OINTMENT OTC Share by Email Print Generic Name and Formulations: Zinc oxide 11.3%, aloe vera, purified peru balsam, beeswax, mineral oil, Vit. E, etc; scented. Company: Chattem Inc. Diaper rash Diaper rash: Indications for BALMEX OINTMENT: Diaper rash. Children: Apply at each diaper change. How Supplied: Oint—2oz, 4oz, 16oz