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China Pharma Holdings, Inc. Reports Full Year 2011 Financial Results
Date:3/15/2012

ts, which should help buffer some of the margin pressures coming from competitive pricing due to government healthcare reform policies.
Overall we are optimistic that we have the right mix of products and new product pipeline to position China Pharma to benefit from China's unprecedented healthcare reform program," said Ms. Li.  "We believe our success in 2012 and beyond will be defined by our differentiated products, promising pipeline, strong distribution network, and commercialization expertise."

Pipeline UpdateAs of December 31, 2011, China Pharma had various pipeline drugs in different stages of active development.  Some of these are highlighted below:

  • The Company originally submitted application for production approval of Candesartan, a front-line drug therapy developed for the treatment of hypertension, in 2010. The Company received request for additional procedures in the fourth quarter of 2011 and has since completed all newly requested procedures. We now expect SFDA to give us the final production approval by mid-year 2012.
  • The Company completed clinical trials of Rosuvastatin, a generic form of Crestor, and is in the process of production approval.
  • The Company completed Phase I clinical trials of its novel cephalosporin-based combination antibiotic in September 2010.  We are currently conducting Phase II clinical trials for this drug.
  • The Company is developing a medicine for the treatment of coronary heart disease. This product comes with a patented TCM formula and we are currently conducting Phase III clinical trials for this drug. We anticipate the completion of the clinical work for this product by year end 2012.
  • Conference CallThe Company will hold a conference call at 8:30 am ET on March 15, 2012 to discuss fiscal year 2011 results.  Listeners may access the call by dialing 1-866-519-4004 or 65-672-393-81 for international callers, Conference ID # 59409919. A web
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    SOURCE China Pharma Holdings, Inc.
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