Navigation Links
Sinobiopharma, Inc. Signs Sales Contract for Flagship Project

NANTONG CITY, China, April 13 /PRNewswire-FirstCall/ -- Sinobiopharma, Inc. (OTC Bulletin Board: SNBP) is pleased to announce that it has signed the sales contracts totaling 1.5 million units for its flagship product, a patented formulation of Cisatracurium Besylate that is China's top-selling pre-surgical skeletal muscle relaxant.

"This contract is the beginning of an exciting time for the company," said Sinobiopharma CEO, Dr. Huang. "Not only does this take the company's revenue from $1 million to $15 million, but there are many products still coming down the pipeline." The commitment for the 1.5 million units is over a 1 year period and is expected to generate in excess of $15 million USD in revenue during this fiscal year.

The contracts are with Sinobiopharma's business agents, who distribute the Company's products in 30 provinces and key major cities throughout China.

The Company's Chinese patented formulation of Cisatracurim Besylate, is the world's first that can be stored at room temperature. Competitors' versions must be kept at 2 to 8 degrees C. Compared to other neuromuscular blocking agents, Sinobiopharma's intravenously administered formulation is immediate in onset and longer in duration. Within 14 months of its launch in China in late 2006, it is now in use in more than 700 hospitals across China.

As part of its drive to expand its marketing and distribution capacity with new channels, Sinobiopharma is negotiating to acquire 100-percent ownership of a drug distribution company, Nanjing Langkun Medicine Co. Ltd., to accelerate growth in sales revenue in 2009.

Sinobiopharma's expansion strategy also includes targeted acquisitions that will expand its first-to-market drug pipeline and advancing new development of innovative drugs that will consolidate leadership position in its chosen therapeutic areas.

About Sinobiopharma

Sinobiopharma Inc. is a fully integrated and highly innovative biotechnology company engaged in the research and development, manufacture and marketing of biopharmaceutical products in China, the world's fastest growing pharmaceutical market. Known as Dong Ying (Jiangsu) Pharmaceutical Co. Ltd. in China, the Company's current therapeutic focus is on anesthesia-assisted agents and cardiovascular drugs.


This news release may include "forward-looking statements" regarding Sinobiopharma, Inc., and its subsidiaries, business and project plans. Such forward looking statements are within the meaning of Section 27A of the Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor created by such sections. Where Sinobiopharma, Inc. expresses or implies an expectation or belief as to future events or results, such expectation or belief is believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Sinobiopharma, Inc. does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

SOURCE Sinobiopharma, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. HomeSwimmer, Ltd. Signs Olympic Medalist Josh Davis
2. Soarian Device Connect v2.0 Helps Streamline Vital Signs Collection Workflow at Greenwood Leflore Hospital
3. ULURU Inc. Signs Offer Letter to Acquire York Pharma plc
4. enlyten Signs Shaquille ONeal as Official Spokesperson
5. Nashville's eDoc4u Signs Partnership Agreement With Saint Thomas Health Services
6. Occupational Therapy Practitioners Identify Early Signs Of Autism Spectrum Disorder, Help Families Participate In Daily Routines
7. Al Copeland Foundation Signs on as Title Sponsor of 2009 Chris Paul Basketball Camp
8. New Dakim Campaign Promotes Brain Fitness for Seniors with Elderly Holding Signs Declaring My Brain Is Not Retired
9. Samplify Expands Global Distribution Channel; Signs Top-Ranked Chinese Distributor, Excelpoint
10. Stereotaxis Signs Agreement With Leading Leasing Specialist to Offer Alternative Financing to Hospital Customers
11. MedCom Signs National Provider Contract With AmeriPlan Corporation
Post Your Comments:
(Date:11/30/2015)... ... November 30, 2015 , ... Healthjump, Inc. announced ... a Healthcare IT consulting, development and support company. The purchase will expand the ... within DataTrade to extend the services currently provided by Healthjump. , ...
(Date:11/30/2015)... BAR, CALIF. (PRWEB) , ... ... ... Inc. ( ), a leading provider of enterprise Time and Attendance/Workforce ... Partner status in the Microsoft Partner Program with competencies in the Application ...
(Date:11/30/2015)... (PRWEB) , ... November 30, 2015 , ... ... in 2016. In 2016, expected coding changes are likely to include new codes ... codes. It’s not easy to understand the effects of code changes in musculoskeletal, ...
(Date:11/29/2015)... Orion, Clarkston, Metamora, Michigan (PRWEB) , ... ... ... Women's Excellence is once again accredited by the American Institute of Ultrasound ... process that allows practices to demonstrate that they meet or exceed nationally ...
(Date:11/29/2015)... ... November 29, 2015 , ... While conventional walkers afford considerable help with mobility, ... exercise weights. Fortunately, an inventor from Uniontown, Pa., has found a way to address ... benefits of a standard walker to improve the user’s quality of life. To begin ...
Breaking Medicine News(10 mins):
(Date:11/27/2015)... , November 27, 2015 ... set to go online. The potential to save costs, ... vast and far from fully exploited as yet. Here, ... health records, either via mobile tablet or directly at ... --> ) -->      ...
(Date:11/27/2015)... -- Research and Markets ( ) has announced ... 2015-2019" report to their offering. ... the author the present scenario and growth prospects of ... the market size, the report considers revenue generated from ... and copper IUDs. The report forecasts the global intrauterine ...
(Date:11/26/2015)... , Países Bajos, November 26, 2015 ... la terapia fotodinámica de Bremachlorin para el cáncer avanzado. ... la inmunoterapia con la terapia fotodinámica de Bremachlorin para ... Un nuevo enfoque combina la inmunoterapia con la terapia ... Clinical Cancer Research . --> ...
Breaking Medicine Technology: