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China Sky One Medical Applies for Production Licenses of 15 New Medical Products
Date:10/26/2010

HARBIN, China, Oct. 26 /PRNewswire-Asia-FirstCall/ -- China Sky One Medical, Inc. ("China Sky One Medical" or "the Company") (NASDAQ: CSKI), a leading fully integrated pharmaceutical company in the People's Republic of China ("PRC"), today announced that it has submitted, jointly with Heilongjiang Traditional Chinese Medical University ("HTCMU"), an application to China's State Food and Drug Administration ("SFDA") for production licenses for 15 new medical products. These products include Vaginal Suppository, Anti-virus Mouth Wash, Eye Patch, Diabetes Relief Patch, Snore Stopper, Rheumatoid Pain Relief Patch, Liver Patch, Ear Patch, Cicatrice Patch, Sore Relief Patch, Dental Ulcer Membrane, Dental Ulcer Mouth Wash, Nose Patch, Period Pain Relief Patch, and Wound Healing Patch. Management expects to receive final approval of these production licenses by the end of this year.

In China, research institutions can't apply for production licenses directly, but must choose a pharmaceutical manufacturer to whom product intellectual property is transferred and in the name of whom the application is submitted. Pursuant to the intent agreement between China Sky One Medical and HTCMU, the transfer price will be at least 20% lower than the appraisal made by an independent appraisal company. These new products will be manufactured at Harbin Tian Di Ren Medical Science and Technology Company, the Company's wholly owned subsidiary in China.

"We are happy to purchase an exciting group of new products and look forward to their contribution to our revenue and earnings in 2011," commented Mr. Yan-Qing Liu, Chairman and CEO of China Sky One Medical. "As these external-use medical products are a good match with our existing production facilities and sales network, we expect to manufacture and sell them efficiently without much extra effort. Going forward, we will strengthen our partnershi
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SOURCE China Sky One Medical, Inc.
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