Navigation Links
China Medicine Announces Strong Third Quarter 2009 Results
Date:11/16/2009

GUANGZHOU, China, Nov. 16 /PRNewswire-Asia/ -- China Medicine Corporation (OTC Bulletin Board: CHME) ("China Medicine" or "the Company"), a developer and a leading distributor of prescription and over-the-counter pharmaceuticals, traditional Chinese medicines (TCM), nutritional and dietary supplements, and medical devices and medical formulations, today announced its third quarter 2009 results.

    Third Quarter 2009 Highlights:
    -- Revenues increased 82.2% from Q3 of 2008 to $19.2 million
    -- Gross profit increased 78.9% from Q3 of 2008 to $5.8 million
    -- Operating income increased 94.7% from Q3 of 2008 to $4.5 million
    -- Adjusted net income, which excluded a non-cash expense related to
       change in fair value of warrants for the third quarter of 2009, was
       $3.4 million, or $0.22 per diluted share
    -- Net income was $3.2 million, or $0.21 per diluted share
    -- Entered into a two-year Distribution and Supply Agreement in Pakistan
       for Levocarnitine
    -- Entered into agreement to acquire LifeTech Pharmaceuticals, Co. Ltd., a
       developer, manufacturer and marketer of pharmaceutical products with a
       portfolio of 39 TCM and Western medicine products

"We are delighted to report that China Medicine experienced a strong third quarter in 2009 with significant increases in revenues and net income. As the government implements its plan to support rural healthcare and establish a universal healthcare system, we expect to be positively impacted as we distribute pharmaceutical products through our extensive distribution network that addresses this underserved market. In addition, once the recent acquisition of LifeTech is consummated, we should be positioned as a stronger player in the pharmaceutical industry as we will have the ability to sell LifeTech's self-manufactured pharmaceutical products through our extensive distribution network, thus improving our margin structure," sa
'/>"/>

SOURCE China Medicine Corporation
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

Related medicine technology :

1. Chindex International Announces Participation in Brean Murray, Carret & Co. 2009 China Growth Conference
2. China National Medicines Corporation Issues Milestone Purchase Order for 12,000 STA Systems
3. China Medicine Corporation to Acquire Pharmaceutical Manufacturer in Guangzhou
4. NeoStem Acquires China Biopharmaceuticals Holdings, Inc.; Obtains Controlling Interest in Profitable Leading Chinese Pharmaceutical Company
5. China Biopharmaceuticals Holdings, Inc. Shareholders Overwhelmingly Support Merger with NeoStem, Inc., a NYSE AMEX Listed Company Trading Under Symbol NBS
6. China-Biotics, Inc. Begins Trial Production at New Facility, Affirms 2010 Revenue Guidance
7. Varian Medical Systems to Exhibit a Wide Selection of Flat Panel X-Ray Image Detectors and X-Ray Tubes at the CMEF Show in Chengdu, China
8. China Medical Technologies to Hold its Annual General Meeting on November 16, 2009
9. Reportlinker Adds Outsourcing Preclinical Studies to China
10. Baxa Corporation Signs Exclusive Distribution Agreement With Leading Pharmaceutical Corporation in Peoples Republic of China
11. China Yongxin Pharmaceuticals Inc. Announces Second Quarter 2009 Financial Results
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/17/2014)... , Oct. 17, 2014 UBM Medica US announces ... leading online community and information resource for neurologists and other ... and Alzheimer disease , with discussions of the latest ... 1 million Americans have Parkinson disease , more than the ... Lou Gehrig disease. Diagnosis can be difficult because ...
(Date:10/17/2014)... -- A victim of medical negligence at the hands of ... history of alcohol abuse, a physician and consumer advocates unveiled ... highlighting how Prop 46 will identify and deter physician substance ... The ad pictures a doctor drinking at a bar as ... will enact the first law in the nation requiring random ...
(Date:10/17/2014)... Inc ., reported on results of 59 glaucoma patients treated ... to 3 years with the InnFocus MicroShunt® at the 2014 ... . The Summit was held prior ... American Academy of Ophthalmology . The Company also said it ... countries by early 2015. Logo - http://photos.prnewswire.com/prnh/20141016/152617LOGO ...
Breaking Medicine Technology:Neurology Times Features Coverage of Parkinson and Alzheimer Disease 2Neurology Times Features Coverage of Parkinson and Alzheimer Disease 3Victim Of Negligence At Hands Of A Drunk Doctor, A Physician and Consumer Advocates Release New Yes on 46 TV Ad, "On Call" 2Victim Of Negligence At Hands Of A Drunk Doctor, A Physician and Consumer Advocates Release New Yes on 46 TV Ad, "On Call" 3Victim Of Negligence At Hands Of A Drunk Doctor, A Physician and Consumer Advocates Release New Yes on 46 TV Ad, "On Call" 4InnFocus Featured at the Ophthalmology Innovation Summit In Chicago 2
(Date:10/20/2014)... 2014 Based on a proprietary ... imaging assays capable of determining DNA sequence, location ... these three dimensions of high-resolution data, dGH assays ... widest range of disease-causing genetic rearrangements, including chromosomal ... genomic tools, including today’s advanced sequencing technologies. , ...
(Date:10/20/2014)... hard to imagine what it’s like to live without shoes, ... it’s a reality. And while new shoes are considered a ... barefoot on rocky terrain or sewage-lined streets just to collect ... , Buckner International's Shoes for Orphan Souls project ... encourage support for Air1 and while also providing new shoes ...
(Date:10/19/2014)... Hastings and Hastings, a Phoenix personal ... throughout the greater Phoenix area and across Arizona reports ... to catastrophic automobile accidents. Statistics have indicated a steady ... Arizona. As such, Hastings and Hastings has seen a ... those who have been injured through no fault of ...
(Date:10/19/2014)... Texas (PRWEB) October 20, 2014 ... development for Partial Seizure, complete with comparative analysis ... mechanism of action (MoA), route of administration (RoA) ... featured news and press releases. It also reviews ... Partial Seizure and special features on late-stage and ...
(Date:10/19/2014)... SweetDressy.com, a professional company of women’s dresses and ... evening dresses . All the company’s old and ... discount is up to 66 percent off. , ... fashion field. Its dress specialists are striving to make ... of the world. All the company’s items are unique, ...
Breaking Medicine News(10 mins):Health News:KromaTiD Launches Genome Screening and Discovery Services 2Health News:KromaTiD Launches Genome Screening and Discovery Services 3Health News:Buckner Shoes for Orphan Souls® Garners Support from Air1 Radio 2Health News:Buckner Shoes for Orphan Souls® Garners Support from Air1 Radio 3Health News:Hastings And Hastings Reports Record Demand In 2014 For Legal Representation With Regard To Catastrophic Automobile Accidents 2Health News:Hastings And Hastings Reports Record Demand In 2014 For Legal Representation With Regard To Catastrophic Automobile Accidents 3Health News:Partial Seizure Therapeutic Pipeline Market Review H2 2014 in a New Report Available at RnRMarketResearch.com 2Health News:Partial Seizure Therapeutic Pipeline Market Review H2 2014 in a New Report Available at RnRMarketResearch.com 3Health News:Partial Seizure Therapeutic Pipeline Market Review H2 2014 in a New Report Available at RnRMarketResearch.com 4Health News:Promotion For Beautiful Long Evening Dresses Launched By SweetDressy.com 2
... SEATTLE Do genetic variations in DNA determine the ... to treat blood cancers and predict complications? The National ... of Health has awarded a $4.3 million, four-year grant ... out., John Hansen, M.D., a member of the Hutchinson ...
... , WEDNESDAY, Jan. 19 (HealthDay News) -- Taking kudzu root ... ethanol levels, which might lessen the desire for more alcohol, ... been used to reduce, but not stop, alcohol consumption and ... Examining this ancient remedy, scientists from Harvard Medical School ...
... Cancer scientists led by Dr. John Dick at the ... Children,s Research Hospital (Memphis) have found that defective genes ... organized in a more complex way than previously thought. ... (DOI:10.1038/nature09733), challenge the conventional scientific view that cancer ...
... By Amanda Gardner HealthDay Reporter , TUESDAY, ... to identify which people with stage II colon cancer face ... would be a huge help to doctors in determining which ... not, and it would be an improvement on existing ways ...
... 19 (HealthDay News) -- More than 40 percent of cancer ... and female patients, finds a new study. Researchers at ... cancer survivors and found that 43 percent had experienced pain ... at least two years later. Among white patients, ...
... APS announces Physical Review X (PRX), an online, ... of physics. As broad in scope as physics itself, ... advances physics and will be of value to the global ... peer review, and an open access venue in accord with ...
Cached Medicine News:Health News:Does our DNA determine how well we respond to stem-cell transplantation? 2Health News:New Clue to How Chinese Remedy Curbs Drinking 2Health News:Cancer scientists discover genetic diversity in leukemic propagating cells 2Health News:Cancer scientists discover genetic diversity in leukemic propagating cells 3Health News:Gene Test Might Predict Colon Cancer's Return 2Health News:Gene Test Might Predict Colon Cancer's Return 3Health News:1 in 5 Cancer Survivors Suffers Chronic Pain, Study Finds 2Health News:American Physical Society announces Physical Review X 2
All-silicone construction provides maximum softness and biocompatibility for enhanced patient comfort. Supplied sterile in peel-open packages. Intended for one-time use....
The 100% Silicone construction is ideal for pediatric and latex-sensitive patients....
BARDEX Red Rubber Urethral Catheter (Robinson Model)...
Used for injection into urethral strictures, bladder neck contracture, and the bladder wall. Supplied sterile in peel-open packages. Intended for one-time use....
Medicine Products: