Navigation Links
Genesis Pharmaceuticals Enters Into Agreement to Purchase Hongrui Pharmaceuticals, and Acquire 22 New Traditional Chinese Medicines
Date:1/29/2009

Yimu granules to help ease labor pains

-- Laiyang Pear series - Laiyang Pear syrup and pulps to control coughs arising from various factors

-- Cold series - Syrup and granules, and Radix Isatidis granules, to help reduce fevers and control coughs

-- Pediatric series - Oral liquids to control children's coughs, asthma and fever

-- Traditional Cure series - Liuweidihuang pills to help improve memory, Aplotaxis Carminative pills for upset stomachs, and pills for a variety of liver and stomach ailments

Acquisition by Genesis

The acquisition of Hongrui by Laiyang will increase Genesis' product portfolio from 6 to 28 products during a time when the Chinese SFDA is tightening its standards and slowing down its approval process for new drugs. A larger number of TCM products will help increase the Company's presence in the OTC drug market and help balance Genesis' OTC sales with its sales of prescription drugs.

After the asset transfer is complete, Genesis will begin manufacturing, labeling and distributing the TCM products it purchased from Hongrui under its own brand name "Jiangbo." As a first phase, Genesis selected 11 Hongrui products to produce and distribute. These 11 TCM drugs have had the highest sales volumes and profit margins of all of Hongrui's products.

"After months of due diligence, we are pleased to enter into a purchase agreement with the Medicine College through which we will acquire Hongrui. Genesis is accelerating its growth by acquiring profitable products from Hongrui which we will manufacture and then distribute through our sales network. We estimate that this acquisition will increase Genesis' revenues by approximately RMB150 million, and net income by approximately RMB24 million, in the twelve months after closing," said Mr. Wubo Cao, CEO of Genesis. "We plan to integrate Hongrui's production and sales into our exis
'/>"/>

SOURCE Genesis Pharmaceuticals Enterprises, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3 4 5

Related medicine news :

1. Cardiogenesis Announces Successful Educational Symposium at Society of Thoracic Surgeons Meeting in San Francisco
2. What is the pathogenesis of C. jejuni-related disease?
3. ThermoGenesis Introduces New Cell Separation Technology for Veterinary Use at Major Equine Convention
4. ThermoGenesis Corp. Provides Updated Information for Conference Call/Webcast to Discuss Management Transition
5. ThermoGenesis Corp. Schedules Conference Call/Webcast to Discuss Management Transition
6. ThermoGenesis Announces Management Transition; Provides Update on Operational Milestones
7. Organogenesis Receives Two Prestigious Awards for Economic Impact and Manufacturing Excellence
8. China West II Files Suit Against Genesis Pharmaceuticals and Capital Research Group Inc, Announces Conference Call Details
9. ThermoGenesis Reports First Quarter 2009 Results
10. Genesis Pharmaceuticals Files Counter Claims
11. Cardiogenesis Corporation to Report Third Quarter 2008 Results on November 13th
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:9/3/2015)... ... September 03, 2015 , ... ... cost increases for fully insured employer-sponsored health insurance plans, more employers are moving ... according to data released from the 2014 United Benefit Advisors (UBA) Health Plan ...
(Date:9/3/2015)... , ... September 03, 2015 , ... ProScrub is a ... back & forth, flicker, repeat, and custom speed effects without the use of keyframes. ... speed of effect. ProScrub tools are perfect complements to energetic video productions. ...
(Date:9/3/2015)... ... September 03, 2015 , ... Mum n Me is ... all-new product offers an extra-large size that gives maximum protection from sun exposure, wind, ... button attachment straps that deliver non-slip assurance by keeping the cover securely in place. ...
(Date:9/3/2015)... ... ... About 220,800 new cases of prostate cancer are reported each year, along with 27,540 deaths ... during their lifetime. While only one man in 10,000 will typically get prostate cancer under ... to the American Cancer Society. , Prostate cancer is the second ...
(Date:9/3/2015)... ... September 03, 2015 , ... The ... efficient customer and technical support services to promote LodonalTM in Nigeria. The distribution ... evaluating the efficacy and safety of the product. , Managing Director, Fidson Healthcare ...
Breaking Medicine News(10 mins):Health News:Self-Funded Pharmacy Plans Becoming More Popular Among Large Employers 2Health News:Self-Funded Pharmacy Plans Becoming More Popular Among Large Employers 3Health News:Self-Funded Pharmacy Plans Becoming More Popular Among Large Employers 4Health News:FCPX Effects Developer Releases ProScrub for Final Cut Pro X 2Health News:Mum n Me Announces New Baby Car Seat Cover 2Health News:Noted Santa Rosa Urologist Dr. Michael Lazar Provides Insights on Prostate Cancer Treatments in Recognition of Prostate Cancer Awareness Month 2Health News:Noted Santa Rosa Urologist Dr. Michael Lazar Provides Insights on Prostate Cancer Treatments in Recognition of Prostate Cancer Awareness Month 3Health News:Fidson Partners US Firms on New Product Marketing 2Health News:Fidson Partners US Firms on New Product Marketing 3Health News:Fidson Partners US Firms on New Product Marketing 4
... from Pakistan was given a new lease of life by ... M.G. Ramachandra Medical College and Hospital.// Fifteen-month-old Maxwell Qayyum was ... operated upon in Chennai, and he is reported to be ... of pediatricians conducted the surgery. ,The baby, ...
... Johns Hopkins University report has unraveled how the neurons located ... interpret what the human eye visualizes, be it a letter, ... information is accommodated and is fitted together like a puzzle ... fascinating study (funded by the National Institutes of Health) ...
... by researchers that faith healing and special diets also serve ... led the research // which studied as many as 2,337 ... to extend the life of 25 people for a period ... ,Dr Macmanus said that the data showed that ...
... Infectious Diseases has projected alarming reports of a 32% ... Americans. The organism is implicated as a causative factor ... report, prepared by the Centers for Disease Control and ... in the US. ,About 1% of the ...
... in the construction of the proposed medical college at Raichur ... // Members of the Medical Council of India would visit ... possible to recruit students in the forthcoming academic year. ... new medical colleges in six different regions, including Hassan, Belgaum, ...
... from Johns Hopkins University School of Medicine as reported ... // that Antiretroviral combination drug of Tenofovir, Emtricitabine and ... load compared to most widely used drug combination Zidovudine, ... ‘study 934’ was conducted in 517 HIV patients from ...
Cached Medicine News:Health News:Visualization Found To Be Largely Dependent On The Brain 2Health News:90 Million Americans Harbor Drug Resistant Bacteria Inside Their Nose 2Health News:Medical College Construction At Raichur Makes Slow Progress 2
(Date:9/3/2015)... IRVINE, Calif. and REHOVOT, Israel, Sept. 3, ... focused on acquiring and developing innovative therapies for ear, ... selected the Irvine Company,s Newport Gateway office complex to ... plans to complete the move by end of September ... Israel. U.S. Headquarters: OticPharma, Inc. ...
(Date:9/2/2015)... 2015 About implantable medical devices ... replace, augment, or repair damaged tissues or organs. ... applications including cosmetic, spinal, cardiovascular, ophthalmic, and neuro-stimulator ... materials such as polymers, metals, ceramics, and biologics. ... devices market to grow at a CAGR of ...
(Date:9/2/2015)... Advanced Wound Dressings - SA Analysis ... have steadily replaced traditional bandages and gauze materials ... indications, such as trauma wounds, burns, and chronic ... protection become increasingly critical in wound healing, advanced ... This report focuses on nine market categories ...
Breaking Medicine Technology:OticPharma Establishes U.S. Headquarters in Orange County, California 2Global Implantable Medical Devices Market 2015-2019 2Advanced Wound Dressings - SA Analysis and Market Forecasts 2
... CARLSBAD, Calif., Oct. 25, 2011 Life Technologies ... that the company has signed an agreement with GlaxoSmithKline ... used as a companion test with a GSK candidate ... diagnostic assay for GSK,s MAGE-A3 cancer immunotherapy candidate designed ...
... Pharmaceuticals, Inc. (NASDAQ: QCOR ) today reported record ... September 30, 2011, a 91% increase from $31.3 million in ... up 98% from the year ago quarter to $22.9 million ... increase in the number of paid H.P. Acthar® Gel (Acthar) ...
Cached Medicine Technology:Life Technologies Signs Agreement with GlaxoSmithKline Biologicals S.A., Seeking Expanded Use of Platform Technologies into Companion Diagnostics 2Life Technologies Signs Agreement with GlaxoSmithKline Biologicals S.A., Seeking Expanded Use of Platform Technologies into Companion Diagnostics 3Life Technologies Signs Agreement with GlaxoSmithKline Biologicals S.A., Seeking Expanded Use of Platform Technologies into Companion Diagnostics 4Questcor Reports Third Quarter Financial Results 2Questcor Reports Third Quarter Financial Results 3Questcor Reports Third Quarter Financial Results 4Questcor Reports Third Quarter Financial Results 5Questcor Reports Third Quarter Financial Results 6Questcor Reports Third Quarter Financial Results 7Questcor Reports Third Quarter Financial Results 8Questcor Reports Third Quarter Financial Results 9Questcor Reports Third Quarter Financial Results 10Questcor Reports Third Quarter Financial Results 11Questcor Reports Third Quarter Financial Results 12Questcor Reports Third Quarter Financial Results 13Questcor Reports Third Quarter Financial Results 14Questcor Reports Third Quarter Financial Results 15
... 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 ...
... ARUP Laboratories is a national reference ... laboratory research and development. ARUP offers an ... unique medical tests in clinical and anatomic ... ARUP Laboratories' clients include more than half ...
... is a national reference laboratory and a ... development. ARUP offers an extensive test menu ... in clinical and anatomic pathology. Owned by ... include more than half of the nation's ...
... national reference laboratory and a worldwide leader ... offers an extensive test menu of highly ... and anatomic pathology. Owned by the University ... than half of the nation's university teaching ...
Medicine Products: