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Global Pharm Holdings Group Obtains Business License for its Newly Established Joint-Venture in Jinan City
Date:4/27/2011

l Chinese Medicines, Shandong Sino-Green expects to develop a standardized planting base with value-added processing of various TCM products utilized in many fields.

The Company's purpose for engaging in TCM cultivation, TCM herbal processing and research and development of related products is to alleviate the impact on price inflation and maintain stable supply of TCM raw materials. By obtaining TCM herbal related raw materials directly from the place of origin, the Company hopes to enhance its products portfolio, achieve cost savings and create synergies between its plantation base and distribution business units. The Company works to establish a complete value chain in the pharmaceutical distribution industry with the goal of integrating production, distribution, wholesale and retail.

About Global Pharm HoldingsGlobal Pharm Holdings Group, Inc. operates as a pharmaceutical distribution business in the People's Republic of China. Through its three subsidiaries, Shandong Global Pharm Co., Ltd., TonghuaTongdetang Pharmaceutical & Medicinal Material Co., Ltd., and Anhui Xuelingxian Pharmaceutical Co., Ltd., the Group focuses on pharmaceutical related products distribution. In order to alleviate the impact on price inflation and maintain the supply stability of Traditional Chinese Medicine (TCM) raw materials, the Group also engages in the cultivation and processing of TCM herbs. Currently, Global Pharm owns GSP-certified, modern logistics distribution centers totally occupying 237,600 square feet and manages over 13,000 inventory products; and its sales network covers Shandong, Jilin, and Liaoning provinces, as well as other developed provinces in China. The Group intends to establish an integrated value chain in the pharmaceutical industry through strategic acquisitions within pharmaceutical production, distribution, and retail sectors. Global Pharm will achieve a solid distribution capacity and grow to be a major rapid-growing and profitable ph
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SOURCE Global Pharm Holdings Group, Inc.
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