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Sihuan Pharmaceutical Announces 2013 Interim Results
Date:8/26/2013

production facility passed on-site inspection by the Food and Drug Administration ("FDA") of United States in July 2013. EIR from FDA is expected to be issued in the third quarter of 2013 representing FDA's approval of its GMP operation system that its products can be exported to the US.

Future ProspectsLooking ahead, the development of the Chinese pharmaceutical market in the second half of 2013 will continue to be driven by the expansion of national medical insurance coverage, the rising per capita subsidy standard for medical insurance and the increasing maximum reimbursements ratio for medical treatment, in addition to the accelerated pace of urbanization and China's ageing population. The Company believes that the pharmaceutical industry will remain one of the fastest-growing industries in the country. Consolidation in the industry is intensifying due to medical reform, tightening control of hospital medical budget, spiralling price competition and the implementation of the new GMP standard. Nonetheless, these changes will benefit the Company comprising companies with strong R&D capabilities, a balanced product portfolio, distinguished sales and marketing capabilities, and an efficient production system, by being in a better position in grasping rising opportunities in the market.

Leveraging its outstanding product portfolio, with all six key products and potential blockbuster being exclusive products, coupled with over ten products with exclusive formulations or dosages which have been included in the recently expanded national EDL, and products such as Kelinao, Yuanzhijiu and Chuanqing recently added to the Guangdong EDL, the Company is expected to sustain business growth for the Company in the coming five years. In addition, the Company's long-term growth momentum will be supported by a variety of innovative patented drugs and first-to-market generic drugs under development. These product
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SOURCE Sihuan Pharmaceutical Holdings Group Ltd.
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