GUANGZHOU, China, Dec. 15 /PRNewswire-Asia/ -- China Medicine Corporation (OTC Bulletin Board: CHME) ("China Medicine" or "the Company"), a leading developer and distributor of prescription and over the counter pharmaceuticals, traditional Chinese medicines (TCM), nutritional and dietary supplements, medical devices and medical formulations, announced it received approval from the Guangdong Food & Drug Administration to distribute dental equipment and instruments, including brushes and drill bits, as well as oral surgery equipment, including scalpels, scissors, and forceps, in Guangdong Province.
The approval was based on China Medicine meeting the requirements for storage space and the number of qualified professionals at the Company who can provide proper after-sales service. The domestic dental equipment industry in China is still in its early stages; however, with strong economic growth and increased personal income and improved living standards in China, there is now a growing awareness and demand for oral health care. As a result, the number of dental hospitals and clinics in China has risen. This has led to increased demand for dental equipment since new hospitals have to be outfitted with basic equipment to support the growth in dental health services. The Company believes that as demand for dental services continues to grow, the dental market in China will require higher-end equipment and products, which will bring more and more companies into the market and provide greater distribution opportunities.
"We are excited to have received approval from the Guangdong Food & Drug
Administration to distribute this category of medical devices - dental
equipment and instruments for oral surgery - which is a very important
addition to our existing product portfolio," said Mr. Senshan Yang, Chief
Executive Officer of China Medicine Corporation. "We believe that the market
for dental equipment and surgi
|SOURCE China Medicine Corporation|
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