Navigation Links
China Pharma Holdings, Inc. Reports First Quarter 2009 Financial Results and Corporate Updates
Date:5/15/2009

HAIKOU CITY, China, May 15 /PRNewswire-Asia-FirstCall/ -- China Pharma Holdings, Inc. ("China Pharma") (OTC Bulletin Board: CPHI), which develops, manufactures, and markets specialty pharmaceutical products in China, today announced financial results for the first quarter ended March 31, 2009.

    First Quarter 2009 Financial Highlights

    -- Revenue increased 10.9% to $13.0 million from $11.7 million in the
       first quarter of 2008
    -- Gross profit increased to $5.9 million from $5.8 million in the first
       quarter of 2008
    -- Gross margin was 45.6% from 49.6% in the first quarter of 2008
    -- EPS was $0.09, compared to $0.11 in the first quarter of 2008

    First Quarter 2009 Business Updates

    -- Appointed Mr. Frank Waung to Chief Financial Officer, and nominated Ms.
       Heung Mei Tsui to the Board of Directors.
    -- Initiated clinical trials for the generic version of the leading
       hypertension drug Candesartan.
    -- Received the SFDA's approval to produce Tiopronin Enteric-Coated
       Capsules, which is listed in the National Medical Insurance Program,
       thus allowing patients to obtain reimbursement.
    -- Dried powder production line expansion completed and production
       commenced.

Revenues for the first quarter of 2009 increased approximately 10.9% to $13.0 million, from $11.7 million in the first quarter of 2008. The increase in revenues was due to an increase in sales of existing products as well as sales from recently-launched products. Revenue performance was offset by uncertainty related to China's healthcare reform plan, as bulk buyers delayed purchase orders in anticipation of lower pricing and subsidies from the new insurance catalogue and essential drug list, which are not yet published.

Gross profit for the first quarter of 2009 grew to $5.9 million from $5.8 million in the first quarter of 2008. Gross margin was 45.6
'/>"/>

SOURCE China Pharma Holdings, Inc.
Copyright©2009 PR Newswire.
All rights reserved

0

GOOD

Page: 1 2 3 4 5 6 7 8

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:12/14/2009)... Legislation Critical to Stemming Tide of Tens of ... ,, WASHINGTON, Dec. 14 Legislation approved ... exchange will be crucial in helping to reduce ... occurring each year in the United States, the ... today. The provision was included in the ...
(Date:12/14/2009)... On December 9, 2009, the United States Court of ... private insurance companies are "plans" and therefore subject to ... courts have held that contracts issued by insurance companies ... Section 1347, US vs. Frost is the ... to be a "plan," because, as the government claimed ...
(Date:12/14/2009)... to scans performed in 2007 , , MONDAY, Dec. 14 ... to far more radiation than previously thought and in doses ... two new studies claim. , Based on the findings, reported ... Internal Medicine , the study authors, joined by Archives ... to limit radiation exposure to patients. , "CT has become ...
(Date:12/14/2009)... Diego School of Medicine and Osaka University in Japan ... damage, including inflammation, fibrosis and cancer. The findings suggest ... works could lead to new insights into the development ... to be a master regulator of liver function," said ... of the UC San Diego School of Medicine. He ...
(Date:12/14/2009)... better treatments for asthma, COPD, researchers say , , MONDAY, ... genetic variants that influence lung function, a finding that ... , The international team of researchers compared lung function ... sites across the human genome in more than 20,000 ... the five common genetic variants associated with alterations in ...
Breaking Medicine News(10 mins):Health News:NVHR Applauds Congressional Action to End Federal Ban on Funding Syringe Exchange 2Health News:Insurance Now Subject to Federal Jurisdiction 2Health News:Studies Quantify Cancer Risks From CT Scans 2Health News:Studies Quantify Cancer Risks From CT Scans 3Health News:Studies Quantify Cancer Risks From CT Scans 4Health News:Scientists uncover protective mechanism against liver cancer 2
... lay groundwork for designing way to spot susceptible patients , , ... now, you might actually hear your doctor casually say, "While ... if your genetic makeup puts you at high risk of ... an assistant professor of medicine at Harvard Medical School and ...
... Trust for America,s Health released the following ... night to cut more than $100 billion from the ... disappointed that the Senate struck a final bargain to ... its stimulus plan, failing to recognize that this funding ...
... Great Plains - The Camelina Company,announces that camelina meal will ... and Drug Administration (FDA) today approved camelina in,rations for broiler ... state that camelina has GRAS ("generally recognized as safe") status. ... feed mixtures for beef cattle and hogs. , ...
... Feb. 6 /PRNewswire-Asia-FirstCall/ -- Genesis,Pharmaceuticals Enterprises, Inc. ... a U.S. pharmaceutical company with its principal ... announced that an American Arbitration,Association ("AAA") arbitration ... ("CRG") to award it $13.8 million and ...
... 6 Covance Inc. (NYSE: CVD ) today ... Healthcare Conference on Monday, February 9, 2009 at 3:30 p.m. ... presentation at www.covance.com . In order to register ... early. , Covance, with headquarters in Princeton, New Jersey, is ...
... short this time of year , , FRIDAY, Feb. 6 (HealthDay News) ... back into regular routines. , But there,s still one gift left ... , The nation,s blood supply tends to dip dangerously low both ... Now that the new year is under way, there,s a real ...
Other Medicine News:Health News:Genetic Test for Heart Disease Risk in the Works 2Health News:Genetic Test for Heart Disease Risk in the Works 3Health News:FDA Approves Camelina for Broiler Chickens 2Health News:Genesis Pharmaceuticals Successfully Defends Itself in a Multi-Million Dollar Arbitration, Two Other Arbitration Proceedings Against Genesis are Withdrawn 2Health News:Genesis Pharmaceuticals Successfully Defends Itself in a Multi-Million Dollar Arbitration, Two Other Arbitration Proceedings Against Genesis are Withdrawn 3Health News:Needed: Blood Donations 2Health News:Needed: Blood Donations 3
(Date:12/14/2009)... NEW HAVEN, Conn., ,Dec. 14 /PRNewswire-FirstCall/ -- ... today announced that it had received a complete ... Administration ("FDA") related to its New Drug Application ... 2009. The letter indicates that the FDA ... form and provides recommendations to address remaining issues. ...
(Date:12/14/2009)... BERKELEY HEIGHTS, N.J., Dec. 14 ... a worldwide provider of secure Health Information ... that Home Care of the Carolinas ("HCC"), ... Inc. ("AMI"), a durable medical equipment supplier, ... to streamline and standardize processes for the ...
(Date:12/14/2009)... Accuray Incorporated (Nasdaq: ARAY ), a global ... that the first CyberKnife® Robotic Radiosurgery System in ... of Liege. ,, The University Hospital in ... largest hospitals in Euregio, a cross-country region of ... range of cancer treatments, University Hospital of Liege ...
Breaking Medicine Technology:Vion Pharmaceuticals Receives Complete Response Letter for Onrigin(TM) From The U.S. Food And Drug Administration 2Vion Pharmaceuticals Receives Complete Response Letter for Onrigin(TM) From The U.S. Food And Drug Administration 3Home Care of the Carolinas and Alliance Medical, Inc. Select Authentidate's Inscrybe Healthcare to Improve Care Order Processing 2Home Care of the Carolinas and Alliance Medical, Inc. Select Authentidate's Inscrybe Healthcare to Improve Care Order Processing 3Home Care of the Carolinas and Alliance Medical, Inc. Select Authentidate's Inscrybe Healthcare to Improve Care Order Processing 4First CyberKnife in Belgium to be Installed at Leading University Hospital 2First CyberKnife in Belgium to be Installed at Leading University Hospital 3Cholesterol and Cancer 3A Answers and Some New Questions 60688 1Cholesterol and Cancer 3A Answers and Some New Questions 60688 2Cholesterol and Cancer 3A Answers and Some New Questions 60688 3Cholesterol and Cancer 3A Answers and Some New Questions 60688 4Cholesterol and Cancer 3A Answers and Some New Questions 60688 5Whistleblower Lawsuit Nets Record 2427 5 Million 60685 1Whistleblower Lawsuit Nets Record 2427 5 Million 60685 2Whistleblower Lawsuit Nets Record 2427 5 Million 60685 3BibsToGo com Answers 3A How Can a Traditional Baby Product Help Corporate America Look Better 3F 60682 1BibsToGo com Answers 3A How Can a Traditional Baby Product Help Corporate America Look Better 3F 60682 2
For general purposes...
Streptavidin A-Beads are polydisperse 1.8 m paramagnetic particles covalently coupled with streptavidin. The paramagnetic particles remain in solution over extended periods of time. Mixing is require...
... Magnetic separation is a method for ... acids and cells using affinity binding, ... been coated on the particles to ... To remove the MagnaBind™ Beads from ...
QuantumPlex is a bead kit for multiple analyte-detection research applications in flow cytometry. The beads may be analyzed with any standard cytometer and do not require the use of specialized softw...
Medicine Products: