Navigation Links
American Oriental Bioengineering and China Aoxing Pharmaceutical Enter Into Strategic Alliance
Date:4/15/2008

- Joint Effort to Capitalize on China's Narcotic and Pain-Management Market

Opportunity -

NEW YORK, April 15 /PRNewswire-FirstCall/ -- American Oriental Bioengineering, Inc. (NYSE: AOB), a leading marketer, distributor and manufacturer of pharmaceutical and healthcare products in China, and China Aoxing Pharmaceutical Company, Inc. (OTC Bulletin Board: CAXG) ("China Aoxing"), a China-based pharmaceutical company specializing in research, development, manufacturing and distribution of narcotic and pain-management products, today announced that they have formed a strategic alliance to jointly commercialize and develop narcotic and pain-management products in China. As part of this alliance, American Oriental Bioengineering will make an equity investment of $18.0 million in China Aoxing.

The size of the narcotic and pain-management market in China is estimated to be roughly US$300 million today, highly underdeveloped versus Western countries, and growing at an estimated compound annual growth rate of 23 percent.(1) China Aoxing is one of only a few manufacturers designated by the China State Food & Drug Administration (SFDA) to operate in the highly regulated narcotics industry.

Under the terms of the agreement, American Oriental Bioengineering makes an equity investment of $18.0 million in exchange for 30 million shares of newly-issued China Aoxing common stock, priced at US$0.60 per share, and owns approximately 38% of China Aoxing. Additionally, with today's announcement, China Aoxing closed its previously announced acquisition of Shijiazhuang Lerentang Pharmaceutical Company Ltd. ("LRT"), a China-based pharmaceutical company focused on pain-management products.

China Aoxing and Amer
'/>"/>

SOURCE American Oriental Bioengineering, Inc.
Copyright©2008 PR Newswire.
All rights reserved

0

GOOD

Page: 1 2 3 4

Related biology technology :

1. Vicus Therapeutics to Present at the 234th American Chemical Society National Meeting in Boston, MA
2. SportCoatings; The North American Booster Club Association (NABCA); the Coatings Specialist Group New Booster Program Goes High Tech With Invisible Antimicrobial Defense
3. American Stock Exchange Lists The Common Stock Of Neuralstem, Inc.
4. American Oriental Bioengineering Announces Participation in September Investor Conferences
5. Nektar Presents Positive Results from Phase 1 Clinical Trial of NKTR-118 (oral PEG-naloxol) at American College of Clinical Pharmacology Meeting
6. Rosetta Genomics to Present at the American Association of Cancer Research (AACR) "Molecular Diagnostics in Cancer Therapeutic Development" Conference
7. Tips from the Journals of the American Society for Microbiology
8. Trubion Pharmaceuticals Announces Upcoming Presentations at American College of Rheumatology Annual Scientific Meeting
9. Americas Heartland Launches Third Season Highlighting Contributions of American Farmers and Ranchers
10. American and European Parkinsons Sufferers Find Chinese Stem Cell Treatment Effective, Proving Western Debates Moot
11. AUDIO from Medialink and Pfizer: Hispanic Heritage Month Reminds Us Increasing Numbers of Hispanic-Americans Do Not Have Health Insurance
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/10/2008)...ab has Reached the Sixth Milestone in its Ofatumum... COPENHAGEN, Denmark, October 10 /PRNewswire-Firs... has reached the sixth milestone for,ofatumumab (H... with,GlaxoSmithKline (GSK). A milestone payment o...5.6 million) was triggered by the first patient,re...
(Date:10/10/2008)...alif., Oct. 10 /- Finesse Solutions, ...t and control solutions for,life science process a...of,its TruBio bioreactor control software. TruBio ...e variety of applications, ranging from 1L bench,t...essels. TruBio 3.4,software is optimized for Delta...
(Date:10/10/2008)...su, CHINA, Oct. 10 /Xinhua-- Beike,Bi...om ) a global leader in,stem cell research and tr...,today it has signed eight separate mutual coopera... most outstanding stem cell research organizations...ished a "Stem Cell Expert,Advisory Committee" and ...
(Date:10/10/2008)...y Criteria Included a Focus on Research and Respec...IANAPOLIS, Oct. 10 /- Eli L...t it has made the list of Top 20,biopharmaceutical...ewed,journal Science. Science,s 2008 survey polled...biotechnology, biopharmaceutical, pharmaceutical a...
Breaking Biology Technology:Genmab Reaches Milestone in Ofatumumab Collaboration 2Finesse Solutions Launches TruBio 3.4 Bioreactor Control Software 2Stem Cell Leader Beike Signs 8 New Cooperation Agreements, Establishes Safety Monitoring Boards 2Stem Cell Leader Beike Signs 8 New Cooperation Agreements, Establishes Safety Monitoring Boards 3Lilly Recognized as One of the World's Top Biopharmaceutical Employers 2
...palities around the Midwest looking for new ways t...raditional approaches of bringing in developers to...thers are trying to entice businesses with tax inc...thin their municipalities. , ,This is a common pr...iving away tax incentives and adjusting building c...
...06, the Supreme Court in eBay Inc. v. Mercexchange...infringement should be granted an injunction must ... Those factors are (1) irreparable injury; (2) ina...hips; and (4) the public interest. The Court rejec...ion should be granted where infringement is found ...
...ifornia taxpayer and consumer rights group believe...ens the position of the Wisconsin Alumni Research... spokesman for the Wisconsin foundation said its r...uticals case demonstrates its ability to defend pa...axpayer and Consumer Rights , based in Santa Monic...
...Jim Doyle has signed into law Senate Bill 338, whi...ic obstacles that stand in the way of University o...ld help researchers more quickly turn research ide...current law requires a lengthy, bureaucratic revie...esses based on their research, and the delay resul...
Other Biology Technology:Electronic signs for municipalities: Las Vegas or lost revenues? 2Electronic signs for municipalities: Las Vegas or lost revenues? 3Electronic signs for municipalities: Las Vegas or lost revenues? 4Supreme Court decision in eBay case could affect value of patents 2California group says ruling weakens WARF's stem cell patent 2California group says ruling weakens WARF's stem cell patent 3California group says ruling weakens WARF's stem cell patent 4
(Date:10/10/2008)...ted nanowire sensors coupled with simple microproc...ific enough to be used for point-of-care (POC) dis...ters . , The sensors use activation of immune ce...teria, viruses or cancer cells as the detector. W...generate a tiny current in the nanowire electronic...
(Date:10/10/2008)... a little gooey, but it,s not turning mums, brains... at The Australian National University. , The st...earch (CMHR) at ANU suggests that despite fears m...tive functions, there is no evidence to suggest th...t of Mental Health Week, which runs until tomorrow...
(Date:10/9/2008)...all/ -- Aware, Inc. (Nasdaq:,AWRE), a leading supp...re,has scheduled a conference call to discuss the... of 2008 on Thursday, October 23, 2008, at 5:00 p....Moberg will host the,earnings conference call., T...cessed on the,Investor Relations page of our websi...
(Date:10/9/2008)... Biology Laboratory (EMBL) have generated a digita...tal blueprint of a vertebrate. With a newly develo... track all cells for the first 24 hours in the lif...a three-dimensional, digital representation of the...e issue of Science , grants many new insights int...
Breaking Biology News(10 mins):Sensitive nanowire disease detectors made by Yale scientists 2Pregnancy not turning minds to mush: Study 2Aware Announces Q3 2008 Earnings Conference Call 2Digital zebrafish embryo provides the first complete developmental blueprint of a vertebrate 2PPD Announces Fourth Quarter and Year End 2007 Earnings Release Webcast and Conference Call 9430 1PPD Announces Fourth Quarter and Year End 2007 Earnings Release Webcast and Conference Call 9430 2RxElite Announces Acquisition of Assets of FineTech Laboratories 9426 1RxElite Announces Acquisition of Assets of FineTech Laboratories 9426 2RxElite Announces Acquisition of Assets of FineTech Laboratories 9426 3RxElite Announces Acquisition of Assets of FineTech Laboratories 9426 4Intel Co Founder Andrew S Grove Dedicates Portion of His Estate Up to 2440 Million to Michael J Fox Foundation 9422 1Intel Co Founder Andrew S Grove Dedicates Portion of His Estate Up to 2440 Million to Michael J Fox Foundation 9422 2Intel Co Founder Andrew S Grove Dedicates Portion of His Estate Up to 2440 Million to Michael J Fox Foundation 9422 3BioCryst Strengthens Its Expertise in Clinical Development By Adding Thomas J Simon M D as Interim Chief Medical Officer To Meet Growing Product De 2552 1BioCryst Strengthens Its Expertise in Clinical Development By Adding Thomas J Simon M D as Interim Chief Medical Officer To Meet Growing Product De 2552 2BioCryst Strengthens Its Expertise in Clinical Development By Adding Thomas J Simon M D as Interim Chief Medical Officer To Meet Growing Product De 2552 3BioCryst Strengthens Its Expertise in Clinical Development By Adding Thomas J Simon M D as Interim Chief Medical Officer To Meet Growing Product De 2552 4
...emical Senses Center have found that taking as lit...dor results in more accurate identification of tha...rtant implications regarding how olfactory informa...r in the August issue of Neuron. , By demonstrat...e and accurate odor identification, the Monell res...
...hat a novel environment sparks exploration and lea...brain really prefers novelty as such. Rather, the ...bstantia nigra/ventral tegmental area (SN/VTA)--mi...us, the emotional arousal it causes, or the need t...influence on learning because it is functionally l...
... with the ring-shaped stains that result from spil...n is not evenly distributed, but instead concentra... professor of materials science and engineering, p...linois at Urbana-Champaign has found the same "cof...ain insights into the physics behind the ring phen...
...that our heart beats, we need proteins with specia...h give our tissues the necessary strength and take... are also interesting as building blocks for novel... often outperform the artificial: One only has to ...proof spider dragline silk. Molecules with defined...
Other Biology News:Quick -- what’s that smell? 2Pure novelty spurs the brain 2Ring-like formations in drying DNA drops could affect hybridization studies 2Proteins as parents 2
The Sony UPD895 printer is used to print data captured with the Gel Doc XR and ChemiDoc XRS gel documentation systems as well as the VersaDoc imaging systems.
...plants in 96 well plates. Plant materials are homo... large zirconia beads optimized for even tough pla...haker (available through Mo Bio). Cells are lysed ...plate. The DNA is washed and then released into 10...
...s ChemiArrayTM Mouse Cytokine Antibody Arrays, are...logies. Besides the ability to detect protein expr...reflection of active cytokine levels because they ...on step is needed. Furthermore, it is simpler, fas...
Request Info
Biology Products: