Advanced BioMedical Technologies Inc. Completes GMP Certified Renovation Works
26 Junho 2012 - 6:55PM
Marketwired
Advanced BioMedical Technologies Inc. (OTCQB: ABMT) (PINKSHEETS:
ABMT), developer and manufacturer of orthopaedic internal fixation
devices, is delighted to announce that the Company has completed
renovations at its GMP certified facilities in Shenzhen, China.
The facilities were renovated to meet the newly adopted "SFDA
Sterilized Medical Devices and Medical Implants Regulation." The
completed renovation has been approved by the SFDA Guangzhou
Medical Device Inspection Center. The Company's facilities now meet
the new SFDA standard and exceed the GMP requirements in certain
areas.
The completed renovation includes: 1. Upgraded existing
laboratory to higher level sterilized laboratory to meet the
requirement of GMP standard -- 100 - 10,000 of < 5uM micro-dust
per cube meter. Additional 16% capacity has been added to the
central air control system. 2. Upgraded water supply system which
will provide the entire modification area with purified water for
production, fully compliant with the new SFDA's guideline. 3.
Re-arranged part of the facilities to increase the production
capacity.
Wang Hui, CEO of the Company, said: "We are happy the
renovations are completed on time and within budget. The renovated
facility is fully validated and operational. We anticipate
increased capability for our PA Screws and Wires production lines,
as well as forthcoming new products for clinical trials."
About Advanced Biomedical Technologies Inc. (OTCQB: ABMT)
Advanced Biomedical Technologies, Inc.'s primary product line
includes internal fixation devices (bone screws, pins, wires, etc.)
consisting of proprietary high grade polymers (polyamide - "PA")
which allow the body to degrade the products during the healing
process. During the healing process, the products stimulate new
bone growth which replaces the degrading device, leaving newer,
stronger bone in the exact location of the injury; thus making the
site of the injury stronger and more resistant to recurring damage.
These products provide an alternative to metal implants and
overcome the limitations of other re-absorbable fixation
devices.
The products and materials that the Company has created differ
from competing bio-degradable and metal based products being
marketed today by:
- The ability to control the speed that the device degrades;
therefore improving upon the healing time.
- Eliminating the need for a second surgery to replace device due
to infection or other post-operative complications.
- The capability of being evenly absorbed from outer layer
inwards, so that it gives enough restoration time for bone healing
and re-growth.
Forward-Looking Statements
This release contains forward-looking statements which are made
pursuant to provisions of Section 21E of the Securities Exchange
Act of 1934. Investors are cautioned that such statements in this
release, including statements relating to regulatory and business
strategies, plans and objectives of management and growth
opportunities for existing or proposed products, constitute
forward-looking statements which involve risks and uncertainties
that could cause actual results to differ materially from those
anticipated by the forward-looking statements. The risks and
uncertainties include, without limitation, risks that product
candidates may fail in the clinic or may not be successfully
marketed or manufactured, we may lack financial resources to
complete development or marketing of our products, government
regulatory agencies may interpret the results of studies
differently than us, competing products may be more successful,
demand for new pharmaceutical products may decrease, the
biopharmaceutical industry may experience negative market trends,
our continuing efforts to develop bone fixation devices may be
unsuccessful, our common stock could be delisted from the
over-the-counter market, and other risks and challenges detailed in
our filings with the U.S. Securities and Exchange Commission.
Readers are cautioned not to place undue reliance on any
forward-looking statements which speak only as of the date of this
release. We undertake no obligation to publicly release the results
of any revisions to these forward-looking statements that may be
made to reflect events or circumstances that occur after the date
of this release or to reflect the occurrence of unanticipated
events.
Contact: Chiming Yu TEL: 718-766-7898 Kai Gui TEL: 718-766-7898
EMAIL: info@abtbiomedical.com
Advanced BioMedical Tech... (CE) (USOTC:ABMT)
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