Sinobiopharma Announces SFDA Approval of Anti-Hypertension Drug Perindopril
11 Maio 2009 - 4:49PM
PR Newswire (US)
NANTONG CITY, China, May 11 /PRNewswire-FirstCall/ --
Sinobiopharma, Inc. (OTC:SNBP) (BULLETIN BOARD: SNBP)
("Sinobiopharma" or, the "Company") is pleased to announce that it
has received approval from the Chinese State Food and Drug
Administration (SFDA) to manufacture and market its formulation of
Perindopril, an anti-hypertension drug. Perindopril, used alone or
in combination with other medications to treat high blood pressure,
is the latest generation of a class of medications called
angiotensin-converting enzyme (ACE) inhibitors. It supports
circulation by preventing the production of chemicals that occur
naturally in the body but constrict blood vessels. As the first
Chinese producer of Perindopril, Sinobiopharma comes to market with
significant competitive advantages, including lower cost active
pharmaceutical ingredients (API), and being the first in the world
to offer capsule formulation, which is not only easier to swallow,
but also has greater efficacy and reduced side effects compared to
earlier versions of the drug. Prior to SFDA approval of
Sinobiopharma's version, Servier (France) was the only firm to
market Perindopril in China. Perindopril completed clinical trials
in September 2007. High blood pressure is a leading cause of
stroke, heart attack and kidney failure; it affects an estimated
one billion people worldwide. In China, the incidence of
cardiovascular and cerebrovascular diseases is on the rise, costing
patients approximately RMB 300 billion (US $37 billion) in medical
expenses each year. Of this amount, some RMB 30 billion (US $3.7
billion) is spent directly on the treatment of hypertension,
according to China's Ministry of Health. High blood pressure
affects nearly one in five Chinese adults during their lifetime,
according to the State Council of China. "SFDA approval of
Sinobiopharma's formulation of Perindopril strengthens our product
portfolio in keeping with our strategy of focusing on
first-to-market generic and innovative drugs," says Lequn Huang,
Company President and CEO. About Sinobiopharma Sinobiopharma, Inc.
is a fully integrated and highly innovative biotechnology company
engaged in the research and development, manufacture and marketing
of biopharmaceutical products in China, the world's fastest growing
pharmaceutical market. Known as Dong Ying (Jiangsu) Pharmaceutical
Co. Ltd. in China, the Company's current therapeutic focus is on
anesthesia-assisted agents and cardiovascular drugs. Contacts:
Sinobiopharma, Inc. Investor Relations 1-877-568-0188
FORWARD-LOOKING STATEMENTS This news release may include
"forward-looking statements" regarding Sinobiopharma, Inc., and its
subsidiaries, business and project plans. Such forward-looking
statements are within the meaning of Section 27A of the Securities
Act of 1933, as amended, and section 21E of the United States
Securities and Exchange Act of 1934, as amended, and are intended
to be covered by the safe harbor created by such sections. Where
Sinobiopharma, Inc. expresses or implies an expectation or belief
as to future events or results, such expectation or belief is
believed to have a reasonable basis. However, forward-looking
statements are subject to risks, uncertainties and other factors,
which could cause actual results to differ materially from future
results expressed, projected or implied by such forward-looking
statements. Sinobiopharma, Inc. does not undertake any obligation
to update any forward-looking statement, except as required under
applicable law. DATASOURCE: Sinobiopharma, Inc. CONTACT: Investor
Relations of Sinobiopharma, Inc., 1-877-568-0188 Web Site:
http://www.sinobiopharma.com/
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