Navigation Links
Simcere Pharmaceutical Group Acquires a 51% Stake in Boda Pharmaceutical Co., Ltd.
Date:9/28/2007

Transaction Strengthens Simcere's Leading Position in China's Stroke

Management Market

NANJING, China, Sept. 28 /Xinhua-PRNewswire/ -- Simcere Pharmaceutical Group (NYSE: SCR; "Simcere"), the manufacturer of the innovative anti-cancer medication Endu and a leading manufacturer and supplier of branded generic pharmaceuticals in China, today announced that it has entered into a definitive agreement to acquire a 51% stake in Boda Pharmaceutical Co., Ltd ("Boda") for a total of RMB111 million (US$14.80 million) in cash.

Simcere introduced a neuroprotective stroke management medication, an injectable edaravone, to China in 2004 under the brand name Bicun. As one of the only two injectable edaravone products in China, Bicun has taken the first-to-market advantage and has commanded a leading market share and a strong growth rate. After three years of academic promotion and clinical treatment, Bicun has been broadly accepted by Chinese doctors. It is the leading stroke management medication in the market. From 2004 to 2006, sales of Bicun enjoyed a CAGR of 209.5%. Its sales of RMB110 million in the second quarter of 2007 was a record quarterly sales figure for a single product in Simcere and was an increase of 134% from the corresponding period in 2006.

Boda is a fast-growing manufacturer of injectable stroke management medication. Yidashen, the other injectable edaravone product in the market, is a leading drug of the company. Through this acquisition, Simcere, together with Boda, will own the entire injectable edaravone market in China. Simcere and Boda will work together to further raise the awareness and recognition of injectable edaravone for stroke treatment via academic cooperation and marketing programs. In addition, complementary distribution networks and stronger marketing resources will enhance the penetration of injectable edaravone in more hospitals nationwide and will continue to increase its market shar
'/>"/>

SOURCE Simcere Pharmaceutical Group
Copyright©2007 PR Newswire.
All rights reserved

1

GOOD

Page: 1 2 3 4

Related medicine news :

1. South Africa Wins landmark case against pharmaceutical giants
2. Pharmaceutical giant offers AIDS related antifungal drug free to 50 countries
3. Pharmaceutical giant offers AIDS related antifungal drug free to 50 countries
4. Setting up a new pharmaceutical industry in India
5. Medicis Pharmaceutical company enters pediatric market
6. Supply of Radiopharmaceuticals Hampered by Attacks
7. Pharmaceutical companies are targeting patients
8. FDA approves Watson Pharmaceuticals Oxytrol patch
9. Ranbaxy Pharmaceuticals Inc awarded the prestigious outstanding supplier award received from Wal-Mart
10. Indian Pharmaceutical Industries Stops Manufacturing And Sale Of Valdecoxib
11. Pharmaceutical industries grant for R&D to be monitored
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/21/2008)... New names and fresh websit... UME/GME administration software , ... one45 Software, a leading provider of healthcare ... of Cytiva Software Inc. (CRX:TSX.V), announced to...hcare education administration products., , ,Compl...
(Date:8/20/2008)... NEWTON, Mass., Aug. 20 /PRNewswire/ -- Questex M...o-business media company and owner of,American Spa... and the,International Beauty Shows, the Internati...) and the SPATEC appointment events today announce...stry portals SpaTrade (, http://www.SpaTrade.com ...
(Date:8/20/2008)... Survey Report Is Available at http://ww...Newswire/ -- A new survey released today,documents...re leveraging,health information technology (HIT) ...The survey results highlight the need for many HIT...dization and,interoperability to optimize clinical...
(Date:8/20/2008)...use postponed reproductive onset in teen, adult fe...EDNESDAY, Aug. 20 (HealthDay News) -- Alcoholism i...ccording to a study that compared women,s and men,... age when they had their first child. , The re...ian twins born between 1893-1964 (3,634 female and...
Breaking Medicine News(10 mins):Health News:Cytiva's one45 Software Rebrands Healthcare Education Administration Products 2Health News:Cytiva's one45 Software Rebrands Healthcare Education Administration Products 3Health News:Cytiva's one45 Software Rebrands Healthcare Education Administration Products 4Health News:Questex Acquires Leading Spa Industry Portal and Spa Executive Business Networking Site and Events 2Health News:Questex Acquires Leading Spa Industry Portal and Spa Executive Business Networking Site and Events 3Health News:New Health IT Survey for Care Management Services Shows Opportunities for Integration, Standardization and Innovation 2Health News:New Health IT Survey for Care Management Services Shows Opportunities for Integration, Standardization and Innovation 3Health News:Women's Alcohol Use Tied to Delayed Childbearing 2
...published in the Journal of Vertebral Subluxation ...ay offer significant benefits //to children suffer...research was conducted by Swiss chiropractor Yanni...ropractic Pediatric Association, who specializes i...
...h finding indicates that patients who were affecte...pse of multiple sclerosis (MS). Multiple Sclerosis...sheath that covers the nerve fibres. // Jorge Corr...ea Institute for Neurological Research in Buenos A...
...ered the fray of painkillers, especially the likes...relieve muscle soreness after a heavy work out or ...ine //equivalent of two cups of coffee, consumed b... by 50%. In the words of researcher Patrick O'Con...
... strain brought havoc to human community by killin...strain of virus was highly lethal and the affected...rein the defense mechanism of the body itself prov...cted. American researchers reconstructed this vir...
Other Medicine News:Health News:Chiropractic Care Helps Children With Learning Disorders and Dyslexia 2Health News:Chiropractic Care Helps Children With Learning Disorders and Dyslexia 3Health News:Work-outs, Not So Much of a ‘pain’ With Caffei 2
(Date:8/20/2008)...wire-USNewswire/ -- Graduated compression,stocking...mbosis (DVT) in,hospitalized patients, are often i...tentially-deadly blood clots, according to researc...indings appear in the September issue of the Ameri... increased risk for blood clots after surgery,beca...
(Date:8/20/2008).../- BioVex Inc, a biotechnology,compan...and the prevention,of infectious disease, today an...egulatory Agency (MHRA) has accepted BioVex,s Clin...al study testing the safety and,immunogenicity of ...herpes,ImmunoVEX HSV2., ImmunoVEX HSV2 is a nove...
(Date:8/19/2008)...- Addrenex Pharmaceuticals (, http://... this month to,further its goal of identifying and...e over the next 18 months., The fast-paced timeli...mpany,s recent successes in developing two new dru...y disorder and CloniBID for hypertension,over the...
(Date:8/19/2008)...ewswire-FirstCall/ -- Vical Incorporated,(Nasdaq: ...ith the Karolinska,Institutet (KI), a leading Euro... for Infectious Disease Control (SMI), a governmen...) adjuvant with the Biojector(R),2000 needle-free ....,OTCBB: BJCT) for a multivalent preventive DNA v...
Breaking Medicine Technology:Dallas Researchers Find Compression Stockings Improperly Used 2BioVex Announces Regulatory Clearance to Commence a Clinical Study With ImmunoVEX HSV2; A Vaccine Candidate for Genital Herpes 2Addrenex Pharmaceuticals' New Hires Further Company Goal to Identify New Drugs for Adrenergic Regulation 2Addrenex Pharmaceuticals' New Hires Further Company Goal to Identify New Drugs for Adrenergic Regulation 3Karolinska Institutet to Test Vical's Vaxfectin(R) Adjuvant With Preventive Vaccine against HIV Under Sponsorship of Swedish Institute for Infectious Disease Control 2Karolinska Institutet to Test Vical's Vaxfectin(R) Adjuvant With Preventive Vaccine against HIV Under Sponsorship of Swedish Institute for Infectious Disease Control 3Karolinska Institutet to Test Vical's Vaxfectin(R) Adjuvant With Preventive Vaccine against HIV Under Sponsorship of Swedish Institute for Infectious Disease Control 4Karolinska Institutet to Test Vical's Vaxfectin(R) Adjuvant With Preventive Vaccine against HIV Under Sponsorship of Swedish Institute for Infectious Disease Control 5Cleveland Clinic Press Releases Book About a Surgeons Mission to Perform the Worlds First Full Face Transplant 11690 1Cleveland Clinic Press Releases Book About a Surgeons Mission to Perform the Worlds First Full Face Transplant 11690 2Lab on a chip mimics brain chemistry 11687 1Lab on a chip mimics brain chemistry 11687 2Chicago Tribune Does Story on Canine Cancer Morris Animal Foundation 28MAF 29 Effort to Find a Cure MAF Can Provide Information Local Angles for 11682 1PeriCor Therapeutics Appoints K Tucker Andersen to Board of Directors 3231 1PeriCor Therapeutics Appoints K Tucker Andersen to Board of Directors 3231 2
Latex agglutination inhibition slide test for the qualitative detection of hCG in urine.
Indirect hemagglutination test for the qualitative and quantitative determination of antibodies to Toxoplasma gondii in serum.
Hemagglutination slide test for the qualitative detection and quantitative determination of antibodies to streptococcal extracellular antigens in serum, plasma, or whole blood.
Color-enhanced slide agglutination test for the rapid qualitative and semi-quantitative detection of antistreptolysin O.
Medicine Products: