Sinobiopharma Announces 350% Increase in Production of Its Flagship Drug in the First Quarter of 2009 Over the Same Period in 20
14 Mai 2009 - 3:15PM
PR Newswire (US)
NANTONG CITY, China, May 14 /PRNewswire-FirstCall/ --
Sinobiopharma, Inc. (OTC:SNBP) (BULLETIN BOARD: SNBP)
("Sinobiopharma" or, the "Company") is pleased to announce that
production of its flagship drug, Cisatracurium Besylate, increased
by 350% in the first quarter of 2009 compared to production in the
first quarter of 2008. In response to a sharp rise in orders,
Sinobiopharma increased the total output of the skeletal muscle
relaxant to 214,900 units in the first quarter of 2009, compared to
47,700 units for the same period in 2008. "We were able to achieve
the dramatic rise in production despite the global economic crisis
and challenges within the Chinese pharmaceutical industry," said
Lequn Huang, Company President and CEO. "We anticipate that demand
for our flagship product, and for our newly launched
anti-hypertensive, Perindopril, will continue to grow. We also
expect that this growth, and planned acquisitions in 2009, will
drive a higher level of performance for Company this year."
Sinobiopharma distributes Cisatracurium Besylate in 30 provinces
and key major cities throughout China through sales partners and
other sales networks. About Sinobiopharma Sinobiopharma Inc. is a
fully integrated and highly innovative biotechnology company
engaged in the research and development, manufacture and marketing
of biopharmaceutical products in China, the world's fastest growing
pharmaceutical market. Known as Dong Ying (Jiangsu) Pharmaceutical
Co. Ltd. in China, the Company's current therapeutic focus is on
anesthesia-assisted agents and cardiovascular drugs. FORWARD
LOOKING STATEMENTS This news release may include "forward-looking
statements" regarding Sinobiopharma, Inc., and its subsidiaries,
business and project plans. Such forward looking statements are
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and section 21E of the United States Securities and
Exchange Act of 1934, as amended, and are intended to be covered by
the safe harbor created by such sections. Where Sinobiopharma, Inc.
expresses or implies an expectation or belief as to future events
or results, such expectation or belief is believed to have a
reasonable basis. However, forward-looking statements are subject
to risks, uncertainties and other factors, which could cause actual
results to differ materially from future results expressed,
projected or implied by such forward-looking statements.
Sinobiopharma, Inc. does not undertake any obligation to update any
forward-looking statement, except as required under applicable law.
DATASOURCE: Sinobiopharma, Inc. CONTACT: Sinobiopharma, Inc.,
Investor Relations, 1-877-568-0188 Web Site:
http://www.sinobiopharma.com/
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