Navigation Links
China Medicine Receives Approval for a RMB 20 Million Loan
Date:7/8/2009

GUANGZHOU, China, July 8 /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 it has received a RMB 20 million (approximately U.S. $2.9 million) loan from the Bank of China, Guangdong branch. The term of the loan is one year with an interest rate of 5%.

Due to an award the Company received as one of the "Best 1000 Small & Medium Enterprises (SME)" in Guangdong province, China Medicine enjoys the 5% interest rate payment on the loan reimbursable by both Guangzhou municipal and Guangdong provincial governments. The Company will use the loan to increase its working capital.

"We are honored to be chosen as one of the 'Best 1000 SME Companies' in Guangdong province and very pleased to receive this loan, which will facilitate our business expansion and increase our working capital," said Mr. Senshan Yang, Chairman and CEO of China Medicine Corporation.

About China Medicine Corporation

China Medicine Corporation is a leading pharmaceutical company that discovers and develops medical formulations and distributes over 2,200 pharmaceutical products in China including prescription and over-the-counter ("OTC") drugs, traditional Chinese medicine products, herbs and dietary-supplements. The Company distributes its products to wholesale distributors in 28 provinces, more than 300 hospitals, 500 medicine companies, and 1,788 drug stores throughout China. The Company actively develops a number of proprietary products for a variety of uses, including oncology, high blood pressure and the removal of toxins from food and animal feeds. For more information visit the
'/>"/>

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

Page: 1 2

Related medicine news :

1. Perot Systems Selected to Implement Health Information Systems in China
2. Perot Systems Launches Website in Chinese to Support Expansion Into China
3. Winner Medical Signs PurCotton Sales Agreement With Consumer Products Leader in China
4. Tianyin Pharmaceutical Co., Inc. Launches Advertising Program on China Central Television (CCTV) for its Xuelian Chongcao Oral Liquid
5. Opening Day of Fi Asia-China 2009 Brings the Food Ingredients Industry to Shanghai
6. China Sky One Medical, Inc. Obtains Production License Renewal for Sumei Slim Patch
7. China Pharma Holdings, Inc. Announces SFDA Approval for Rosuvastatin Clinical Trials
8. Winner Medical to Benefit From the Increase of Tax Rebate Rate for Exports From China
9. China Medical Technologies Announces Selected Unaudited Preliminary Financial Results for the Fourth Fiscal Quarter and Full Year Ended March 31, 2009
10. Jiangbo Pharmaceuticals to Attend the 44th China New Drugs Trade Fair in Tianjin
11. NYSE Amex Accepts China Shenghuos Compliance Plan for Continued Listing
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/17/2014)... December 17, 2014 HeartMath® Inc., ... on stress, heart rate variability (HRV), heart coherence ... its extensive HRV databases and algorithms to chipset ... will enable HeartMath’s partners to offer its HRV ... research, as well as its normative HRV databases ...
(Date:12/17/2014)... NY (PRWEB) December 17, 2014 Project ... who recently brought videos of MIT economist and Obamacare ... best-selling author James O’Keefe conducted the interview, which is ... stated that there was intentional mislabeling in the Affordable ... in the bill: A two-hundred-and-fifty billion dollar per year ...
(Date:12/17/2014)... Greater participation in music classes may benefit children,s language ... in the nonprofit Harmony Project, which provides music education ... Over two years, children who actively participated in the ... speech and reading, compared to those with lower levels ... in music classes occurred in the same areas of ...
(Date:12/15/2014)... researchers have just published an important new report on ... mesothelioma. Surviving Mesothelioma has just posted an article on ... read it now. , Doctors at Harvard, MIT, ... Langone Medical Center performed complete genetic analyses on 22 ... to pinpoint the genes that are most likely to ...
(Date:12/15/2014)... OutMarket , a provider of marketing ... Cheat Sheets ,” a guide that exposes the insider ... the top ten social media networks. , Social ... engagement, and customer service. It can also increase new ... on new networks and weather constantly changing algorithms, they ...
Breaking Medicine News(10 mins):Health News:HeartMath® Inc.’s HRV Platform Solutions Available for Licensing 2Health News:HeartMath® Inc.’s HRV Platform Solutions Available for Licensing 3Health News:Project Veritas: James O’Keefe Interviews the Man Who Discovered Jonathan Gruber Videos 2Health News:Music Classes Boost Language Skills, Study Says 2Health News:New Study Reveals Genetic Mutations That May Trigger Mesothelioma, According to Surviving Mesothelioma 2Health News:OutMarket Releases Cheat Sheets for Social Media Marketing 2Health News:OutMarket Releases Cheat Sheets for Social Media Marketing 3
... The American Association of Cardiovascular and Pulmonary Rehabilitation ... Los Angeles Biomedical Research Institute (LA BioMed) principal ... annual meeting in Milwaukee. Dr. Casaburi, who ... the Rehabilitative Sciences at LA BioMed and leads ...
... As a patient safety best practice and endorsement of ... Board of Directors approved and released a clinical practice ... procedure called vertebroplasty as a way to treat fractures ... avenue the Academy uses to ensure that patients receive ...
... By Steven Reinberg HealthDay Reporter , ... popular misconception that because sports drinks and other noncarbonated ... healthy, University of Texas researchers report. In a ... students throughout Texas, researchers found that kids who drank ...
... ago, the discovery of microRNAs ― tiny cellular molecules ... of scientific possibilities, including a deeper understanding of human ... gives scientists the ability to discover invaluable information about ... University researchers have developed the cutting-edge technology to better ...
... in daycare puts children with a chronic lung condition ... infections, according to a study from Johns Hopkins Children,s ... . The researchers say their findings should ... of age, for signs of lung disease and to ...
... SEPTEMBER 24, 2010 Lillian Feldshuh, of Scarsdale, NY, ... 2006, received the Courageous Patient Award yesterday at the ... DC. The procedure was a success and Feldshuh, who ... in good health. In 2006, Lillian Feldshuh suffered ...
Cached Medicine News:Health News:LA BioMed researcher to receive prestigious honor 2Health News:New guideline finds no evidence for a popular back procedure 2Health News:New guideline finds no evidence for a popular back procedure 3Health News:Study Finds Teens Think Sports Drinks Are Healthy 2Health News:Study Finds Teens Think Sports Drinks Are Healthy 3Health News:Diving deeper into the gene pool 2Health News:Daycare puts children with lung disease at risk for serious illness 2
(Date:12/15/2014)... Norway , December 15, 2014 ... innovative drugs for aggressive drug resistant cancers, today announces ... in a private placing from new and existing investors. ... financing to support the development of its pipeline of ... program for its lead drug candidate, BGB324, a first-in-class ...
(Date:12/15/2014)... 15, 2014 Investor-Edge has initiated coverage ... ), Eli Lilly and Company (NYSE: LLY ), ... SNY ), and Novartis AG (NYSE: NVS ... at: http://investor-edge.com/register . On Friday, December 12, ... Dow Jones Industrial Average lost 1.79%, to finish the day ...
(Date:12/15/2014)... BOSTON , December 15, 2014 ... and development company, is pleased to announce the grant ... States relating to its GPCR-focused drug discovery ... significantly strengthens the global patent estate covering Heptares, technologies ... The suite of patents recently granted by the US ...
Breaking Medicine Technology:BerGenBio Completes NOK90 Million Fundraising 2Analysts View on Pharma Equities - Zogenix, Eli Lilly, Nektar Therapeutics, Sanofi, and Novartis 2Analysts View on Pharma Equities - Zogenix, Eli Lilly, Nektar Therapeutics, Sanofi, and Novartis 3Analysts View on Pharma Equities - Zogenix, Eli Lilly, Nektar Therapeutics, Sanofi, and Novartis 4Analysts View on Pharma Equities - Zogenix, Eli Lilly, Nektar Therapeutics, Sanofi, and Novartis 5Heptares Extends Global Patent Protection for GPCR-Focused Drug Discovery Platform With Grant of Core Patents in the United States 2
... 12, 2011 Southern Home Medical Equipment, Inc. ... healthcare professionals and equipment to medical institutions, announced ... operations for fiscal year 2010 have been restated ... Medical Staffing. In a previous announcement ...
... Inc., a privately held medical device company focused on ... announced the initial launch of its Durango™ Stand-Alone ALIF ... was made at the 2011 American Association of Neurological ... The Durango system is intended to treat degenerative disc ...
Cached Medicine Technology:Southern Home Medical Equipment Reports Additional Revenues and Profits for 2010 2Lanx®, Inc. Launches Durango™ Stand-Alone ALIF System 2
Used to occupy an empty hole which is not being used in an implantablepacemaker header....
Implantable medical grade silicone sleeve for adapting a 5 mm (01) connector to a 6 mm (02) connector....
Implantable medical grade silicone end cap for insulation and sealing protection of 5 mm or 3.2 mm connectors....
... Tupos LA, the only ICD system in ... the first implant for the treatment of ... a lasting improvement of their hemodynamics and ... LA uses biatrial stimulation to effectively suppress ...
Medicine Products: