Navigation Links
China Medicine Announces First Quarter 2009 Results
Date:5/13/2009

cal formula sales fell to zero in the first quarter from 3% of total revenues in the year ago period due to stricter regulation by the State Food and Drug Administration (SFDA), which must approve every transfer of ownership of a medical formula in China and has increased the complexity of the approval process. However, the Company is confident that it can increase its gross margins in coming quarters by adjusting its portfolio to increase sales of pharmaceutical products with exclusive distribution rights as well as sales of self-branded products, which have higher margins.

Operating expenses in the first quarter of 2009 were $1.0 million, up 12.3% from $0.9 million in the first quarter of 2008. This increase was due to higher selling, general and administrative expenses related to the increase in expenses in the first quarter of 2009.

Operating expenses represented 10% of total revenues in the first quarter of 2009, decrease from 12.8% in the first quarter of 2008.

Operating income was $1.8 million in the first quarter of 2009, up 25.3% from $1.4 million in first quarter of 2008. Operating margin was 17.6%, as compared to 20% during the same period a year ago.

The Company's provision for income taxes was $0.5 million in the first quarter of 2009, compared to $0.3 million in the same period a year ago. The increase was subject to an effective income tax rate in China of 25% in 2009, versus a reduced rate of 16.5% in 2008, as tax exemptions enjoyed by the Company's Konzern subsidiary ended in 2008.

Net income for the first quarter of 2009 was $0.55 million, or $0.04 per diluted share, which included a $0.8 million non-cash expense related to a change in the fair value of warrants, compared to $1.2 million, or $0.08 per diluted share, in the first quarter of 2008. This is due to the adoption of a new accounting policy that became effective January 1, 2009, which requires ch
'/>"/>

SOURCE China Medicine Corporation
Copyright©2009 PR Newswire.
All rights reserved

0

GOOD

Page: 1 2 3 4 5 6 7 8 9 10 11 12 13

Related medicine news :

1. Chinas 1-child policy could backfire on its elderly
2. Omnicom Acquires Leading Healthcare Marketing Communications Firm in China
3. Expanding Prevalent Population Will Drive Dramatic Growth for the Asthma Drug Market in China
4. Bridgetech Announces Addition of the Agency for Healthcare Research and Quality as Content Provider in its Development of a Healthcare Web Portal in China
5. China Holdings Appoints Ronald Shon Chairman of Advisory Board to Its Wholly-Owned Subsidiary China Power, Inc.
6. China Bionanometer Industries Corporation Promotes New Cosmetics Product Line in China
7. China Shenghuo Pharmaceutical Holdings, Inc. Begins Full-Scale Launch of 12Ways(R) Chinese Herbal Skin Care Product Line
8. Statement by Mike Leavitt Secretary of Health and Human Services on the United States-China Bilateral Meetings on Food and Drug Safety
9. Supplier Assessments to Help Buyers Identify Reliable China Exporters
10. Study shows lead-based paint problem isnt isolated to China
11. Bracco Announces Initiative to Save Children in China at 2007 Annual Meeting of CGI
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/24/2013)... 23 May 2013, Paris, France: A new investigational device ... use with the Sapien XT Transcatheter Heart Valve was ... first-in-human feasibility study of its use in high-risk aortic ... system acts as an anchor to help stabilise the ... native leaflets in the heart are captured between the ...
(Date:5/24/2013)... The producers of Health Briefs TV ... North Carolina. It is one of the largest cities in ... city is populated with more than a million people who ... both North and South Carolina. Viewers who are interested in ... into WAXN-TV 64 Eyewitness News during the month of May. ...
(Date:5/24/2013)... New York, NY (PRWEB) May 24, 2013 ... nutrition school, is happy to announce that it has donated ... that supports the women held captive in Cleveland, Ohio. , ... Gina de Jesus, Michelle Knight, and Amanda Berry and her ... captive for a decade, we were shocked and horrified,” said ...
(Date:5/24/2013)... missed more than half of recommended well-child visits had ... children who attended most of their visits, according to ... of Managed Care . The study included more than ... Children with chronic conditions like asthma and heart disease ... missed visits, according to the study. In fact, ...
(Date:5/24/2013)... (PRWEB) May 24, 2013 The Icahn ... Dynamics International (CDI) exclusive license rights to commercially ... regenerative medicine applications. These cells are capable of further ... including cardiomyocytes, endothelial cells, and vascular smooth muscle cells, ... for damaged heart tissue. , The original agreement announced ...
Breaking Medicine News(10 mins):Health News:Feasibility trial reports deployment of new device for TAVI in aortic insufficiency 2Health News:Health Briefs TV Presents May Air Dates for Charlotte, North Carolina 2Health News:Integrative Nutrition Donates $10,000 to the Cleveland Courage Fund 2Health News:Young children who miss well-child visits are more likely to be hospitalized 2Health News:Young children who miss well-child visits are more likely to be hospitalized 3Health News:Icahn School of Medicine at Mount Sinai Grants Exclusive License to Cellular Dynamics International for Development of a Cellular Therapy for Cardiac Muscles 2Health News:Icahn School of Medicine at Mount Sinai Grants Exclusive License to Cellular Dynamics International for Development of a Cellular Therapy for Cardiac Muscles 3Health News:Icahn School of Medicine at Mount Sinai Grants Exclusive License to Cellular Dynamics International for Development of a Cellular Therapy for Cardiac Muscles 4
... in gulls is the same as in humans, and a ... of Mediterranean gulls in southern France have some form of ... the journal PLoS One . Bacteria that develop ... and are having a major impact on our ability to ...
... people each year, with costs reaching into the billions ... Care Certified professionals are becoming a growing clinical specialty. ... National Alliance of Wound Care (NAWC(R)), a multi-disciplinary professional ... 7000 health care professionals as WCC(R)s (Wound Care Certified). ...
... , Zone Diet makes it easy for men and women to ... , DANVERS, Mass., June 18 If you,ve thought twice about ... alone. A new survey from ZoneDiet.com reveals ... body looks during the summer - and nearly half (49 percent) ...
... 10 specialties and Honor Roll - , , WASHINGTON, ... second annual rankings by specialty of America,s Best Children,s Hospitals, ... in the August issue of U.S. News & World ... , The 2009 America,s Best Children,s Hospitals, the most ...
... , SAN DIEGO, June 18 , , What: At the ... Meeting in San Diego, Microsoft Corp. will showcase Microsoft, ... such as these:, ... Office System, ...
... still lack access to quality food and grocery stores , ... report Examining the Impact of Food Deserts on Public Health ... deserts," communities where fresh, quality food is hard to come by ... , A wide range of market, community and government actors used ...
Cached Medicine News:Health News:ZoneDiet.com Survey Reveals That Body Insecurity Prevents Nearly Half (49%) of Americans From Engaging in Summer Activities 2Health News:ZoneDiet.com Survey Reveals That Body Insecurity Prevents Nearly Half (49%) of Americans From Engaging in Summer Activities 3Health News:U.S. News Media Group Releases Rankings of America's Best Children's Hospitals 2Health News:U.S. News Media Group Releases Rankings of America's Best Children's Hospitals 3Health News:Microsoft to Showcase Clinical Trial Solutions From Discovery to Approvals at Drug Information Association's 2009 Annual Meeting 2Health News:Chicago Making Progress Shrinking Vast 'Food Desert' 2
(Date:5/23/2013)... SAN DIEGO , May 23, 2013 /PRNewswire/ ... the prostate cancer treatment continuum was highlighted prominently ... the American Urological Association (AUA), in San Diego.  ... invasive high intensity focused ultrasound (HIFU) technology, the ... localize disease, and for urologists to consider minimally ...
(Date:5/23/2013)... ARBOR, Mich. , May 23, 2013  Every day, ... flow of air to his lungs. April and ... the dire predictions weren,t true. "Quite a few ... the hospital alive," says April Gionfriddo , ... were desperate. Anything that would work, we would take it ...
(Date:5/23/2013)... , May 23, 2013  Hologic, Inc. ... ), a leading developer, manufacturer and supplier of ... with an emphasis on serving the healthcare needs ... observational study in a U.S. clinical practice comparing ... (breast tomosynthesis) with conventional 2D mammography alone showed ...
Breaking Medicine Technology:Need for Image Guided Minimally Invasive Ablative Treatments Featured Prominently at American Urological Association (AUA) Annual Meeting 2Need for Image Guided Minimally Invasive Ablative Treatments Featured Prominently at American Urological Association (AUA) Annual Meeting 3Need for Image Guided Minimally Invasive Ablative Treatments Featured Prominently at American Urological Association (AUA) Annual Meeting 4Need for Image Guided Minimally Invasive Ablative Treatments Featured Prominently at American Urological Association (AUA) Annual Meeting 5Need for Image Guided Minimally Invasive Ablative Treatments Featured Prominently at American Urological Association (AUA) Annual Meeting 6Baby's life saved with groundbreaking 3D printed device from U-M that restored his breathing 2Baby's life saved with groundbreaking 3D printed device from U-M that restored his breathing 3Baby's life saved with groundbreaking 3D printed device from U-M that restored his breathing 4First Large-Scale Population-Based Study in the U.S. Shows Hologic's 3D Mammography (Breast Tomosynthesis) Significantly Reduces Recall Rates While Simultaneously Improving Cancer Detection 2First Large-Scale Population-Based Study in the U.S. Shows Hologic's 3D Mammography (Breast Tomosynthesis) Significantly Reduces Recall Rates While Simultaneously Improving Cancer Detection 3First Large-Scale Population-Based Study in the U.S. Shows Hologic's 3D Mammography (Breast Tomosynthesis) Significantly Reduces Recall Rates While Simultaneously Improving Cancer Detection 4
... LONDON, Feb. 9, 2012   Smith & Nephew ... medical technology business, is introducing the clinically proven POLARCUP™ ... US at this year,s American Academy of Orthopaedic Surgeons ... specifically designed to address the challenges of treating patients ...
... Halozyme Therapeutics, Inc. (NASDAQ: HALO ) today ... its common stock pursuant to an effective shelf registration statement ... sole book-running manager of the offering, and Halozyme intends to ... to an additional 1,020,000 shares of common stock. All of ...
Cached Medicine Technology:POLARCUP™ Dual Mobility Hip System From Smith & Nephew Now Available in US 2POLARCUP™ Dual Mobility Hip System From Smith & Nephew Now Available in US 3Halozyme Announces Proposed Public Offering of Common Stock 2Halozyme Announces Proposed Public Offering of Common Stock 3
... reference laboratory and a worldwide leader in ... an extensive test menu of highly complex ... anatomic pathology. Owned by the University of ... half of the nation's university teaching hospitals ...
... a national reference laboratory and a worldwide ... ARUP offers an extensive test menu of ... clinical and anatomic pathology. Owned by the ... more than half of the nation's university ...
... Laboratories is a national reference laboratory and ... and development. ARUP offers an extensive test ... tests in clinical and anatomic pathology. Owned ... clients include more than half of the ...
... a national reference laboratory and a worldwide ... ARUP offers an extensive test menu of ... clinical and anatomic pathology. Owned by the ... more than half of the nation's university ...
Medicine Products: