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Dragon Sells EPO Business; Focus on Antibiotic Core Business
Date:11/14/2007

on January 12, 2005. During the three and nine months ended September 30, 2007, the Company recognized $0.97 million and $2.12 million after-tax income from continuing operations.

"Our EPO business performed well during the past years. However, an in-depth review of the EPO business has concluded that it is very demanding in market resources but with very limited growth potential," said Mr. Yanlin Han, Chairman and CEO of the Company. "We are focusing our efforts in the antibiotic market which we intend to lead while showing a sustainable and growing profit. In addition, the Company is also actively exploring additional business opportunities in broadening its core antibiotic product offerings and increasing production capacities. We are confident that the benefits of all these initiatives will be reflected in the Company's performance in the future."

This press release contains forward looking statements such as the Company's Chemical and formulation business to be competitive and successful in the marketplace. These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward looking statements. Readers should not place undue reliance on forward looking statements, which only reflect the view of management as of the date hereof. The Company does not undertake the obligation to publicly revise these forward looking statements to reflect subsequent events or circumstances. Readers should carefully review the risk factors and other factors described in its periodic reports with the Securities and Exchange Commission.

CONTACT: Dragon Pharmaceutical Inc.: Maggie Deng, Telephone: (604) 669-8817 or North America Toll Free: 1-877-388-3784, Email: irdragon@dragonpharma.com, Website: http://www.dragonpharma.com


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SOURCE Dragon Pharmaceutical Inc.
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