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Recent NDRC Pricing Concessions Not Expected to Impact China Sky One's Portfolio of Products
Date:12/3/2010

HARBIN, China, Dec. 3, 2010 /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 its profitability is not expected to be affected by recent price adjustments enforced by China's National Development and Reform Commission ("NDRC") as the Company does not have any products on the price cut list. Furthermore, the Company's ability to discretionarily price roughly 80% of current portfolio and pipeline products lessens the Company's exposure to potential future price cuts by the NDRC.

On November 29, 2010, Chinese NDRC announced a new round of price control measures, including price cuts on 174 drugs as well as cancellation of preferential pricing treatment on 16 drugs, effective December 12, 2010. The affected drugs have the following characteristics: 1) primarily off-patent products that are produced by foreign-owned or joint venture pharmaceutical companies, and 2) relatively mature drugs. With the purpose of encouraging innovation, these types of drugs have been priced separately since 2000 and are often several times more expensive than similar generics produced by domestic-funded enterprises. With an average 19% price cut, the Chinese government estimates that such measures could save 2 billion RMB per year for the public.

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, Heilongjiang Tianlong Pharmaceutical, Inc. and Peng Lai Jin Chuang Pharmaceutical Company, the Compan
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SOURCE China Sky One Medical, Inc.
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