Company to address significant unmet medical needs in cancer pain
NEW YORK, Nov. 26 /PRNewswire-FirstCall/ -- China Aoxing Pharmaceutical Company, Inc. (OTC Bulletin Board: CAXG), which has the largest manufacturing facility and product pipeline for highly regulated narcotic medicines and pain medication in China, today announced that the China State Food & Drug Administration (SFDA) granted the Company the designated manufacturer status to produce Tilidine Tablets and Capsules, a highly regulated narcotic drug, in order to address significant unmet medical needs in cancer pain management in China.
Mr. Zhenjiang Yue, the CEO of CAXG, said: "We are very pleased with the SFDA's decision on designating the Company as the only drug manufacturer for this highly regulated cancer pain medicine in China. We expect to launch this important and needed cancer pain medicine through CAXG's integrated 500 person sales force in later 2008. Cancer pain management is a key component in oncology therapy, and becomes the top priority for terminal cancer patients. Cancer has become the first cause of death in China, estimated at 1.5 million victims per year. The number of victims is soaring especially in rural and western China as Western diet and lifestyle becomes prevalent. China's government and medical community are fully aware that China is woefully behind the rest of world in cancer pain treatment. For example, the consumption of morphine for pain per capita only amounts to 1/3 of other developing countries, more strikingly, almost 0.5% of developed countries. Our mission is to bring multiple effective therapeutic options, including Oxycodone, Tilidine and other promising narcotic pain medicines in our pipeline, to help approximately 20 million cancer patients in China."
Ms. Liying Yang, the Vice President of R&D, commented, "Today's
approval continues reflecting the trust and support from the China SFDA,
|SOURCE China Aoxing Pharmaceutical Company, Inc.|
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