Navigation Links
China Medical Technologies Responds to the Allegations Raised by Glaucus Research Group
Date:12/6/2011

nagement of committing fraud with respect to the company’s financials and its acquisitions. After an investigation by the audit committee, CMED’s auditor, KPMG, resigned. (Source: Glaucus Research Group)

Again, Glaucus demonstrated again the lack of business knowledge of its team.  If KPMG resigned because of the findings of the internal investigation, PwC, a similar reputable firm would not be willing to take up the audit.  PwC would not benefit to take up a case if the findings indicated problems of the Company or its management.  The Company explained the reasons for the change in auditors in its press release in August 2009.  In addition, KPMG continued to provide its consent to include its audit report in the annual reports for the subsequent two fiscal years.

The Company is aware of usual doubts of investors for a related party transaction of a company even though it is a good transaction. For example, Glaucus questioned the related party transaction of the Company to purchase ECLIA technology in 2004. In fact, it is a very successful acquisition of the Company which contributed substantial revenues and earnings to the Company in the past five years. The Company will not engage any related party transaction in the future.

Glaucus did not contact the Company to verify the facts, analyses and allegations in the Report.

About China Medical Technologies, Inc.

China Medical Technologies, Inc. is a leading China-based advanced IVD company using molecular diagnostic technologies including Fluorescent in situ Hybridization (FISH) and Surface Plasmon Resonance (SPR) and an immunodiagnostic technology, Enhanced Chemiluminescence Immunoassay (ECLIA), to develop, manufacture and distribute diagnostic products used for the detection of various cancers, diseases and disorders as well as companion diagnostic tests for targeted cancer drugs. The Company generates all of its revenues in
'/>"/>

SOURCE China Medical Technologies, Inc.
Copyright©2010 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6

Related medicine technology :

1. China Health Resource Receives Letter of Intent for DAR Totaling About $8 Million
2. China Health Resource Completes Key Research Project - New Proprietary Product Lines
3. The Outlook for Medical Devices in Brazil, Russia, India & China
4. China Health Resource Goes Global
5. China Cord Blood Corporation Reports Financial Results for the Second Quarter and First Half of Fiscal 2012
6. China Nepstar Chain Drugstore Reports Third Quarter 2011 Financial Results
7. Sinovac to Present at 23rd Annual Piper Jaffray Health Care Conference and HK/China Mini Conference 2011 (Healthcare)
8. China Health Resource Announces Record Breaking 3rd Quarter 2011 Financial Results
9. China Medical Technologies Reports Second Fiscal Quarter Financial Results
10. The Outlook for Pharmaceuticals in Brazil, Russia, India & China
11. RNL Opens the Worlds Largest Stem Cell Medical Center in Beijing, China
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/26/2015)... 2015 Helping seniors stay as independent ... be a full-time job for families and caregivers. ... gap when they can,t be with their aging ... eHeart Health Monitoring, LLC , not all personal ... Photo - ...
(Date:5/26/2015)... , May 26, 2015 Xencor, Inc. ... engineered monoclonal antibodies for the treatment of autoimmune diseases, ... Bassil Dahiyat , President and Chief Executive Officer, ... Tuesday, June 2, 2015 at 8:30 a.m. ET in ... A live audio webcast of the presentation will be ...
(Date:5/26/2015)... , May 26, 2015 ... clinical-stage biopharmaceutical company leveraging its molecular adhesion and ... for sickle cell disease, heart failure, and arterial ... open-label, multicenter Phase 3 extension study of vepoloxamer ... "EPIC-E."  The study will enroll patients who have ...
Breaking Medicine Technology:eHeart Health Monitoring Gives Tips on Choosing the Right Personal Alert System for Aging Loved Ones 2eHeart Health Monitoring Gives Tips on Choosing the Right Personal Alert System for Aging Loved Ones 3eHeart Health Monitoring Gives Tips on Choosing the Right Personal Alert System for Aging Loved Ones 4Xencor to Present at Jefferies 2015 Healthcare Conference 2Mast Therapeutics Announces Initiation Of EPIC-E Study 2Mast Therapeutics Announces Initiation Of EPIC-E Study 3Mast Therapeutics Announces Initiation Of EPIC-E Study 4Mast Therapeutics Announces Initiation Of EPIC-E Study 5
... 15, 2011 Thorne Research, Inc., a leader ... the establishment of a new joint venture with ... medical information, consulting services and products focused on ... care. Health Elements brings together two of the ...
... SHENZHEN, China, April 15, 2011 /PRNewswire-Asia-FirstCall/ -- Tongjitang Chinese ... TCM ), announced today the completion of its acquisition ... company ("Hanmax"), and Fosun Industrial Co., Limited, a company ... the acquisition, the Company became a wholly owned subsidiary ...
Cached Medicine Technology:Thorne Research and Integrative Health Resources Establish Joint Venture to Provide Full Range of Services in Practice Development, Patient and Clinician Education, and Access to Nutritional Supplements in Integrative Medicine 2Thorne Research and Integrative Health Resources Establish Joint Venture to Provide Full Range of Services in Practice Development, Patient and Clinician Education, and Access to Nutritional Supplements in Integrative Medicine 3Thorne Research and Integrative Health Resources Establish Joint Venture to Provide Full Range of Services in Practice Development, Patient and Clinician Education, and Access to Nutritional Supplements in Integrative Medicine 4Tongjitang Chinese Medicines Company Announces Closing of Merger and Intent to Delist from the NYSE 2Tongjitang Chinese Medicines Company Announces Closing of Merger and Intent to Delist from the NYSE 3
(Date:5/26/2015)... 26, 2015 Pasadena porcelain veneers ... dental cleanings with cosmetic treatments. Cosmetic dentistry is becoming ... Dentistry , “We are committed to providing you with ... outstanding customer service and a smile of a lifetime ... your smiles but to change your life,” explains Dr. ...
(Date:5/26/2015)... Oklahoma (PRWEB) May 26, 2015 National ... May every year. It is supported by the ... dedicated to raising public awareness of, and action about, ... and community organizations and coalitions are encouraged to join ... substance abuse and related issues, and in building community ...
(Date:5/26/2015)... Award-winning travel photographer and life coach Raul Espinoza ... will connect viewers to the beauty of the world while ... years, Raul has traveled the world documenting lives, and then ... not bounded by our circumstances. , “KAWSAY” means ... Bolivia. The photo gallery show by the same name will ...
(Date:5/26/2015)... CA (PRWEB) May 26, 2015 ProTrailer ... for Final Cut Pro X . This ... to simple and elegantly styled text. , ProTrailer ... seconds. , ProTrailer Network can easily complement any form ... desired and within seconds can make professional looking openers. ...
(Date:5/26/2015)... PA (PRWEB) May 26, 2015 ... XML Editor with the Vasont® CCMS to make ... Vasont Systems, a top component content management system ... Integrator (VUI) extension supports oXygen XML Editor Version ... The Vasont Universal Integrator extension merges key editorial ...
Breaking Medicine News(10 mins):Health News:Pasadena Porcelain Veneers Expert, Marine Martirosyan DDS, is Now Offering Complimentary Dental Cleaning with Cosmetic Treatments 2Health News:Narconon Arrowhead Takes Part in National Prevention Week 2Health News:Narconon Arrowhead Takes Part in National Prevention Week 3Health News:A Photographer & Two Educational Organiazations Join to Make a Difference in Our Youth 2Health News:Developers at Pixel Film Studios Release ProTrailer Network for Final Cut Pro X 2Health News:Vasont Systems Certifies the Integration between the Vasont® Component Content Management System and oXygen® XML Editor 17.0 2
... large biotech company began collecting ePRO (electronic patient ... in clinical trials around the world. Recently, assistek,s ... assisTek system compared to what it would have ... questionnaires. The results showed that assisTek,s ePRO data ...
... has led the University of California, San Francisco for the past 10 ... 30, 2009. , ... (Vocus) October, 24, 2008 -- Chancellor J. Michael ... the past 10 years, today announced plans to step down from his ...
... Nov 14-15 Conference - including free sessions ... WASHINGTON, Oct. 23 This November, ... Disorder, will host its 20th annual,international conference ... The,three-day CHADD conference offers an exceptional opportunity ...
... of visitors to Internet drug outlets nearly tripling in ... than ever. Based on its,assessment of more than 1,000 ... Boards of Pharmacy(R) (NABP(R)) finds,that 97% of these sites ... federal laws or established patient safety and pharmacy practice,standards. ...
... FRANCISCO, Oct. 23 Halloween can be,filled with tricks ... for,children. The California Poison Control System (CPCS) urges parents ... fun while,decreasing risk., If parents have questions, the ... days a week for immediate expert help and information ...
... LAUDERDALE, Fla., Oct. 23 LifeSync Corporation,announced it ... MAGNET,which is comprised of 12,000 members in 20 ... and disposable ECG LeadWear(R) products., Shelley Hartman, ... enter into this agreement with MAGNET. MAGNET is ...
Cached Medicine News:Health News:assisTek's ePRO Biotech Clinical Trial Data Collection Saves Client $1.6 Million Over Paper Questionnaires 2Health News:UCSF Chancellor J. Michael Bishop Announces Plan To Step Down 2Health News:UCSF Chancellor J. Michael Bishop Announces Plan To Step Down 3Health News:UCSF Chancellor J. Michael Bishop Announces Plan To Step Down 4Health News:UCSF Chancellor J. Michael Bishop Announces Plan To Step Down 5Health News:UCSF Chancellor J. Michael Bishop Announces Plan To Step Down 6Health News:UCSF Chancellor J. Michael Bishop Announces Plan To Step Down 7Health News:CHADD to Host International Conference on AD/HD in Anaheim, CA; Olympian Bruce Jenner to Keynote 2Health News:NABP Findings Underscore Dangers of Purchasing Prescription Medicine Online and From Foreign Sources 2Health News:NABP Findings Underscore Dangers of Purchasing Prescription Medicine Online and From Foreign Sources 3Health News:Celebrate Halloween Safely This Year With Tips From the California Poison Control System 2
To prevent retraction of the conjunctival cul-de-sacs without touching the cornea....
For Frontalis Suspension in patients with significant ptosis and poor levator function....
For enucleation/evisceration....
... A new Transnasal Lacrimal Stent has been ... B. Becker, M.D., the Transnasal Lacrimal Stent addressed ... and other forms of endoscopic DCR. Brought in ... relatively large diameter. Because there is no need ...
Medicine Products: