"Frozen, delayed or infected" is how I'd phrase it. Basilisk Blood has the same effect as time bubble from Turtle shield, but I dont think that one is actually called time bubble. Not a big deal though.
I really like the card. Cheap counter to creature poisoning.
But... as it is a card that takes a slot, while poisoning is applied much easier, I find this useful in rainbow. Put down a creature, play BB and Liquid Shadow, and then play this. Vampire ability stays, it gets overall +1|+20 buff, and there's no poison on it.
Actually, you can even skip BB, and just get vampire without poison. Not bad.