NEW YORK, Nov. 19 /PRNewswire-Asia-FirstCall/ -- Zacks Equity Research has initiated investment research coverage on Sinobiopharma, Inc. (OTC Bulletin Board: SNBP) with an Outperform and six month target price of $0.80. Jiangsu, China-based SNBP, known domestically as Dong Ying Pharmaceutical Co. Ltd., is a fully integrated and high growth company engaged in the R&D, manufacture and distribution of biopharmaceutical products. The company focuses primarily on the development of anesthesia-assisted agents as well as antibiotics for penicillin-allergic patients and cardiovascular-related products related to high blood pressure (commercial in October 2009). KuTai, SNBP's flagship product is a first-to-market Cisatracurium Besylate injectable that serves as a low cost skeletal muscle relaxant used during pre-surgical and surgical procedures. The company holds five patents in Chiral Pharmaceutical Ingredient Synthesis and Purification, and Molecular Packaging Formulation (see proprietary technology section) and has the longer-term ability to expand both the breadth of its product line and market share through R&D partnerships with Cornell University, Nanjing University, China Pharmaceutical University, and Nanjing Medical University. About Zacks Equity Research Founded in 1978 in Chicago, Zacks Investment Research, Inc. is one of the largest independent investment research and consulting firms in the United States. With 30 years of experience, dedicated to providing clients with the highest standards of services, Zacks has become an industry leader in providing institutional and individual investors with the analytical tools and financial information necessary to the success of their investment process. Zacks provides clients with professional services in the area of investment research, wealth management, and investment consulting. This information is made available through institutional and non-institutional product lines and web sites, as well as Zacks' own websites http://www.zacks.com/ , http://www.zacksadvisor.com/ , and http://www.zackspro.com/ . DATASOURCE: Sinobiopharma, Inc. CONTACT: Giles Haycock, +1-312-265-9351 Web site: http://www.zacks.com/ http://www.zacksadvisor.com/ http://www.zackspro.com/

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