Sinobiopharma Receives Trademark Approval and Authentication From Chinese Government For Its 'Tai' Drug Series
2009年6月18日 - 10:30PM
PRニュース・ワイアー (英語)
NANTONG CITY, China, June 18 /PRNewswire/ -- Sinobiopharma, Inc.
("Sinobiopharma" or, the "Company") (OTC:SNBP) (BULLETIN BOARD:
SNBP) is pleased to announce today that it has received approval
and authentication from the Trademark Bureau of China for its
pre-surgical skeletal muscle relaxant Cisatracurium Besylate,
marketed as Kutai, and its newly launched formulation of the
anti-hypertension drug Perindopril, marketed as Yitai. Kutai has
gained rapid market acceptance and is building strong brand loyalty
in China. Within 14 months of its launch there in late 2006, it has
captured 80 percent of the Chinese market and is now in use in more
than 700 hospitals across the country. As the first Chinese
produced Perindopril, Sinobiopharma's Yitai is a first-to-market
(FTM) drug with significant competitive advantages. They include a
higher price point that the Chinese government sets for FTM drugs
and exclusivity for hospital contracts. Sinobiopharma's technology
enables the production of a Perindopril formulation with lower cost
active pharmaceutical ingredients (API), a high quality tablet and
greater efficacy and reduced side effects compared to earlier
versions of the drug. The technology also affords the potential for
developing the world's first capsule formulation, which would make
for easier swallowing. The English name for the "Tai" trademark was
taken from the Mandarin for "healthy". The name reflects
Sinobiopharma's focus on health through the development of
innovative, affordable therapies. 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/
Copyright