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China Medicine Corporation's Levocarnitine Dried Powder Injection Was Registered with the Ministry of Health of Pakistan
Date:10/20/2009

GUANGZHOU, China, Oct. 20 /PRNewswire-Asia/ -- China Medicine Corporation (OTC Bulletin Board: CHME) ("China Medicine" or "the Company"), a leading distributor and developer of prescription and over-the-counter pharmaceuticals, traditional Chinese medicines ("TCM"), nutritional and dietary-supplements, medical devices, and medical formulations in the People's Republic of China ("PRC"), announced today that one of its major products distributed by its fully owned subsidiary, Guangzhou Konzern Pharmaceutical Co., Ltd. ("Guangzhou Konzern"), Levocarnitine Dried Powder Injection ("Levocarnitine"), was registered with the Ministry of Health of Pakistan on September 25, 2009. The registration number of Levocarnitine in Pakistan is 059054.

Guangzhou Konzern entered into a two-year Distribution and Supply Agreement of Levocarnitine ("Agreement") with RG Pharmaceutica (Pvt.) Ltd. ("RGP"), a Pakistani pharmaceutical distributor. The agreement stipulates that RGP will be responsible for the product registration, importation and marketing within the territory of Pakistan. Levocarnitine is used to treat coronary heart disease and acute myocardial infarction. Currently, there are no pharmaceutical products similar to Levocarnitine in Pakistan, and the potential market for Levocarnitine in Pakistan is estimated at 2 million vials per year.

China Medicine expects to launch Levocarnitine in Pakistan in January 2010. The Company expects to ship approximately 100,000 vials of Levocarnitine within the first year of entering the market in Pakistan and estimates that gross margin for the product will not be less than 65%. Levocarnitine is manufactured by Guangzhou Lifetech Pharmaceutical Co., Ltd. in China ("Lifetech"). Lifetech is Guangzhou Konzern's exclusive Original Equipment Manufacturer ("OEM"). Guangzhou Konzern distributed Levocarnitine in China in the years of 2008 and 2007, which generated revenues of $1,470,333 and $1,253,185 and gr
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SOURCE China Medicine Corporation
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