NANJING, China, Dec. 2 /PRNewswire-Asia/ -- Simcere Pharmaceutical Group ("Simcere" or the "Company") (NYSE: SCR), a leading pharmaceutical company specializing in the development, manufacturing, and marketing of branded generic and proprietary pharmaceuticals in China, today announced that 105 of its drugs have been included in China's National Drug Reimbursement List ("NDRL"), which was issued by China's Ministry of Human Resources and Social Security on November 30, 2009.
Of the 105 drugs that have been included on the NDRL, the actively marketed drugs are Edaravone (Bicun and Yidasheng), Nedaplatin (Jiebaishu), Diclofenac (Yingtaiqing), Amoxicillin (Zailin), Biapenem (Anxin), Amoxicillin and Clavulanate (Anqi), Levamlodipine (Xinta), Alfacalcidol (Faneng), Smectite (Biqi), and Kechuanning. Simcere's newly acquired Rosuvastatin is one of the 105 drugs.
The updated NDRL consists of 2,151 drugs and is an important component of the healthcare reform plan in China. The Chinese government is aiming for healthcare coverage to reach at least 90 per cent of the population by the end of 2010.
Mr. Jinsheng Ren, Chairman and Chief Executive Officer of Simcere Pharmaceutical Group, commented, "We are delighted to have 105 drugs included in China's National Drug Reimbursement List. Simcere will continue to maximise opportunities to translate this good news into increased product sales. We are confident that the inclusion of so many of our drugs on the NDRL will have a positive impact and that Simcere will benefit from China's ongoing healthcare reform over the mid-to-long term."
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|SOURCE Simcere Pharmaceutical Group|
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