NANTONG CITY, China, June 18 /PRNewswire/ -- Sinobiopharma, Inc. ("Sinobiopharma" or, the "Company") (OTC Bulletin Board: SNBP) is pleased to announce today that it has received approval and authentication from the Trademark Bureau of China for its pre-surgical skeletal muscle relaxant Cisatracurium Besylate, marketed as Kutai, and its newly launched formulation of the anti-hypertension drug Perindopril, marketed as Yitai.
Kutai has gained rapid market acceptance and is building strong brand loyalty in China. Within 14 months of its launch there in late 2006, it has captured 80 percent of the Chinese market and is now in use in more than 700 hospitals across the country.
As the first Chinese produced Perindopril, Sinobiopharma's Yitai is a first-to-market (FTM) drug with significant competitive advantages. They include a higher price point that the Chinese government sets for FTM drugs and exclusivity for hospital contracts. Sinobiopharma's technology enables the production of a Perindopril formulation with lower cost active pharmaceutical ingredients (API), a high quality tablet and greater efficacy and reduced side effects compared to earlier versions of the drug. The technology also affords the potential for developing the world's first capsule formulation, which would make for easier swallowing.
The English name for the "Tai" trademark was taken from the Mandarin for "healthy". The name reflects Sinobiopharma's focus on health through the development of innovative, affordable therapies.
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.
FORWARD LOOKING STATEMENTS 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.|
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