TUSTIN, Calif., Sept. 20 /PRNewswire-FirstCall/ -- AMDL, Inc. (Amex: ADL), headquartered in Tustin, California, with operations in Shenzhen, Jiangxi and Jilin, China, through its wholly owned subsidiary Jade Pharmaceutical Inc. (JPI), is an international biopharma company that engages in the development, manufacture and marketing of proprietary pharmaceutical and diagnostic products. AMDL announced today that JPI has a new product development strategy focusing on expanded in-house research and development activities and the in-licensing of new products from 3rd party pharmaceutical research firms.
Frank Zheng, Managing Director of JPI, stated "Our new product development strategy is expected to provide at least an additional six new products to the Company's existing family of strong selling products over the next 36 months. Additionally, JPI is regularly reviewing various other product in-licensing opportunities."
Gary Dreher, CEO of AMDL, said that "JPI's outstanding product development strategy is one of the key engines of growth for the Company."
JPI is accelerating its new product development process beyond the nine new products that have already been announced. It currently has two products under review by the SFDA (China State Food and Drug Administration), AMDL's DR-70(R) cancer diagnostic test kit and Docetaxel Injectables. Both products are anticipated to be approved for sale in China during mid-2008.
"In order for JPI to manufacture the Docetaxel Injectable product, they will be required to build a segregated product line over approximately the next 12 months," Mr. Dreher said. "Docetaxel is expected to become JPI's best selling product, with estimated sales of upwards of $10 million per year beginning in mid-2008."
Additionally, four other products are in an R&D phase, including EO-H,
a herbal treatment to improve bone density, TouJin NiangShi, an herbal
liver cancer treatment, and Drotaverrine Hydrochloric and Diammo
|SOURCE AMDL, Inc.|
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