NEW YORK, Jan. 5, 2011 /PRNewswire-Asia/ -- Dongsheng Pharmaceutical International Co., Ltd. (the "Company") (OTC Bulletin Board: DNGH) announced today that it has obtained the exclusive sales rights of Thymosin Alpha 1 Injection in 19 provinces in China from Shanghai Biochemistry Pharmaceutical Co. I.
The State Food and Drug Administration of China (the "SFDA") approved the manufacturing permit of Thymosin Alpha 1 Injection for Shanghai Biochemistry Pharmaceutical Co. I on June 29, 2010. Immediately after such approval, Shanghai Biochemistry submitted the manufactured samples to the SFDA for quality check, which is a necessary step to receive final approval for mass manufacturing. We expect that the samples will pass the quality check in the next 3-6 months, at which time Thymosin Alpha 1 Injection will be granted final approval for mass manufacturing.
Thymosin Alpha 1 Injection is an immune modifier that has been proven to be effective in the treatment of chronic hepatitis B, acute severe hepatitis, adjuvant therapy for tumor and immuno compromised diseases. Thymosin Alpha 1 Injection has been admitted into the China National Basic Medicine Coverage List, thereby making it more affordable to consumers and potentially increasing its demand. In June 2010, Dongsheng commenced a marketing campaign for Thymosin Alpha 1 Injection within its sales and distribution network, and the response so far from potential customers has been promising.
Mr. Zhu XiaoDong, CEO of Dongsheng Pharmaceutical International, stated that, "Thymosin Alpha 1 is a high value and high margin medicine. Obtaining exclusive sales rights for this product in 19 provinces represents another milestone that Dongsheng Pharmaceutical has accomplished since it went public in March 2010."
About Dongsheng Pharmaceutical International Co., Ltd.
Headquartered in Chengdu, Sichuan Province, China, Dongsheng Pharmaceutical International Co., Ltd. engages in pharmaceutical technology promotion, trading and warehousing of traditional Chinese medicine and bio-chemistry products. The Company sells prescription and non-prescription drugs and provides new medicine research and development and drug registration services distributing to more than 30 provinces in China and throughout Southeast Asia.
For more information, please visit: www.eappic.com
Pursuant to The Private Securities Litigation Reform Act of 1995, the statements in this press release that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. You are urged not to place undue reliance on the forward-looking statements, which speak only as of the date of this release since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. We assume no obligation to publicly update or revise any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release, even if new information becomes available in the future. Additional information on risks and other factors that may affect the business and financial results of Dongsheng Pharmaceutical International Co., Ltd. can be found in the filings of Dongsheng Pharmaceutical International Co., Ltd. with the U.S. Securities and Exchange Commission.
Dongsheng Pharmaceutical International Co., Ltd.
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