HARBIN, China, Sept. 10 /Xinhua-PRNewswire-FirstCall/ -- China Sky One Medical, Inc. ("China Sky One Medical" or "the Company") (Amex: CSY), a leading fully integrated pharmaceutical company producing over-the-counter drugs in the People's Republic of China ("PRC"), announced today that it successfully developed 26 new drugs that are currently in clinical trials.
Heilongjiang Tianlong Pharmaceutical, Inc. ("Tianlong"), a wholly-owned
subsidiary of China Sky One Medical, recently completed research and
development for the 26 new drugs, which have been submitted to the State
Food and Drug Administration (SFDA) in the PRC for approval.
-- Four drugs, including Cleaning suppositories, Tinidazole
suppositories, Policresulen vaginal suppositories, and Aciclover gel
are for the treatment of vaginits;
-- Three drugs, including Chlorhexidine Gluconate, Cetylpyridinium
Chloride and Compound Chlorhexidine, are gargles for the treatment
-- Three drugs, including Diclofenac Sodium Suppositories, Paediatric
Ibuprofen suppositories and Musky cream, are for pain relief;
-- Three drugs, including Hydroxybenzene gel, Podophyllotoxin Tincture
and Nitrofurantoin suppositories, are anti-infectives;
-- Two drugs, including Collunarium and Compound Naphazoline Spray, are
for the treatment of rhinopathy;
-- Two drugs, including Sulfasalazine suppositories and Sodium ferulate
injection are for the treatment of cardiovascular disease;
-- Methionine Vitamin B1 injection is for improving liver function;
-- Doxofylline injection is for the treatment of asthma;
-- Pantoprazole sodium injection is for the treatment of canker sores;
-- Calcium Folinate injection is intended as an antidote for folic acid
-- Hydrastis suppositories are for the treatment of colds; and
-- The final four drugs, including hemorrhoids gel, hemorrhoids liquids,
chilblain cream and expectorant, are all externally used.
"We are excited about the potential for our new drugs currently in clinical trials and we believe that our advanced R&D capabilities will continue to help us expand our market share," said Mr. Yan-Qing Liu, Chairman, CEO and President of China Sky One Medical. "We estimate that the new drugs will account for a 30% increase in our 2009 revenues if production approval is received by the end of the year."
About China Sky One Medical, Inc.
China Sky One Medical, Inc., a Nevada corporation, is a holding company. The Company engages in the manufacturing, marketing and distribution of pharmaceutical, medicinal and diagnostic products. Through its wholly-owned subsidiaries, Harbin Tian Di Ren Medical Science and Technology Company, Harbin First Bio-Engineering Company Limited, and Heilongjiang Tianlong Pharmaceutical, Inc., the Company manufactures and distributes over- the-counter pharmaceutical products, which make up its major revenue source. For more information, visit http://www.skyonemedical.com .
Safe Harbor Statement
Certain of the statements made in the press release constitute
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. These statements can be identified by the
use of forward- looking terminology such as "believe," "expect," "may,"
"will," "should," "project," "plan," "seek," "intend," or "anticipate" or
the negative thereof or comparable terminology. Such statements typically
involve risks and uncertainties and may include financial projections or
information regarding our future plans, objectives or performance. Actual
results could differ materially from the expectations reflected in such
forward-looking statements as a result of a variety of factors, including
the risks associated with the effect of changing economic conditions in The
People's Republic of China, variations in cash flow, reliance on
collaborative retail partners and on new product development, variations in
new product development, risks associated with rapid technological change,
and the potential of introduced or undetected flaws and defects in
products, and other risk factors detailed in reports filed with the
Securities and Exchange Commission from time to time.
For more information, please contact:
China Sky One Medical, Inc.
Mr. Yu-bo Hao, Board Secretary
Investor Relations Contact:
CCG Investor Relations
Mr. Crocker Coulson, President
Mr. Richard Micchelli, Financial Writer
|SOURCE China Sky One Medical, Inc.|
Copyright©2008 PR Newswire.
All rights reserved