China Sky One Medical, Inc. Receives SFDA Approval for Five Patches
03 Juni 2008 - 3:00PM
PR Newswire (US)
HARBIN, China, June 3 /Xinhua-PRNewswire-FirstCall/ -- China Sky
One Medical, Inc. (AMEX:CSY) ("China Sky One Medical", "CSY"), a
manufacturer, marketer and distributor of pharmaceutical, medicinal
and diagnostic products in China, today announced today that five
of its products have received production permit approvals from the
SFDA. Over a year ago, China Sky One Medical began to develop
products with large potential global market demand in an effort to
expand the Company's export business. The Company established a
R&D team dedicated to the development of these products in
February 2006. China Sky One Medical has successfully completed
pharmacokinetics studies, clinical studies and the manufacturing
process for the following patches: Anti-smoking patch -- breaks
down nicotine and other harmful chemical compounds related to
cigarette smoking and reduces dependence on cigarettes; Scar patch
-- speeds up the healing of the wounds due to trauma and surgeries
and reduces the likelihood of developing permanent scars; Migraine
patch -- provides quick pain relief for migraine sufferers while
alleviating dizziness and nausea; Eye patch -- relaxes the muscles
in the retina, which helps to reduce the likelihood of developing
myopia; Coronary heart disease patch -- increases blood circulation
in coronary arteries, which reduces the incidences of coronary
heart disease and myocardial infarction. These patches were
developed after extensive research into the market potential by
China Sky One Medical's business development team. The Company has
received purchase orders for some products, such as the
anti-smoking patch, prior to receipt of the production permit.
"Since most of these products utilize extracts from the natural
herbs, there are side effects for human consumption. This is
especially true for anti-smoking patches. Most of the anti-smoking
patches on the market contain nicotine and other chemical
compounds," said Mr. Yanqin Liu, Chairman and Chief Executive
Officer of China Sky One Medical, "The anti-smoking patches
developed by China Sky One are extracts from natural herbs, which
have no side effects." This series of patches plays a major role in
the Company's strategy in entering into the global market. The
Company currently has ten other products in development targeting
the global market. About China Sky One Medical, Inc. China Sky One
Medical, Inc., a Nevada corporation, is a holding company whose
principal operations are through its subsidiaries, which are
engaged in the manufacturing, marketing and distribution of
pharmaceutical, medicinal and diagnostic kit products. Through its
wholly-owned subsidiaries, Harbin Tian Di Ren Medical Science and
Technology Company ("TDR") and Harbin First Bio-Engineering Company
Limited ("First"), the Company manufactures and distributes
over-the- counter pharmaceutical products as its primary revenue
source. For more information, visit http://www.skyonemedical.com/ .
Safe Harbor Statement Certain of the statements made in the press
release constitute forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. These
statements can be identified by the use of forward- looking
terminology such as "believe," "expect," "may," "will," "should,"
"project," "plan," "seek," "intend," or "anticipate" or the
negative thereof or comparable terminology. Such statements
typically involve risks and uncertainties and may include financial
projections or information regarding our future plans, objectives
or performance. Actual results could differ materially from the
expectations reflected in such forward-looking statements as a
result of a variety of factors, including the risks associated with
the effect of changing economic conditions in The People's Republic
of China, variations in cash flow, reliance on collaborative retail
partners and on new product development, variations in new product
development, risks associated with rapid technological change, and
the potential of introduced or undetected flaws and defects in
products, and other risk factors detailed in reports filed with the
Securities and Exchange Commission from time to time. For more
information, please contact: Company Contact: China Sky One
Medical, Inc. Mr. Liao Xiaoqing, CFO Tel: +86-1591-067-2198 Email:
Investor Relations Contact: CCG Elite Investor Relations Inc. Mr.
Crocker Coulson, President Tel: +1-646-213-1915 (New York) Email:
Web: http://www.ccgelite.com/ DATASOURCE: China Sky One Medical,
Inc. CONTACT: Company Contact: Mr. Liao Xiaoqing, CFO of China Sky
One Medical, Inc., +86-1591-067-2198, or ; Investor Relations
Contact: Mr. Crocker Coulson, President of CCG Elite Investor
Relations Inc., +1-646-213-1915 (New York), or
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