SNBP, 23 of Its Generic Drugs, in China’s National Essential Drugs List. SNBP, X-Treme Hot Stock Alert by DrStockPick.com
Source: http://drstockpick.com/?p=4794Posted on Monday, November 16th, 2009 | In Investing Lessons, Stocks to Watch
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Monday November 16, 2009
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SNBP, Sinobiopharma Inc., SNBP.OB
SNBP is a fully integrated and highly innovative specialty biopharmaceutical 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, SNBP’s current therapeutic focus is on anesthesia-assisted agents and cardiovascular drugs.
SNBP reported that 23 generic drugs for which the Company has production rights are listed in China’s National Essential Drugs List, which covers pharmaceuticals used to treat up to 80 percent of the most common diseases in China.
According to the Chinese government’s healthcare reform plan, 90 percent of China’s citizens will be covered by a universal healthcare system by the year 2010.
The inclusion of 23 generic drugs for which SNBP owns production rights on the National Essential Drugs List, would enable SNBP to increase both sales and margins.
SNBP, X-Treme Hot Stock Alert by DrStockPick.com
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