China Medical Systems sees 2008 sales ahead of last year

Company News

LONDON (Thomson Financial) – China Medical Systems Holdings Ltd said it expects sales in 2008 to be ahead of last year, based on the level of current trading and order visibility.

For the year ended Dec 31 2007, the company said contracted sales were 52 mln usd, up about 37 pct from the previous year.

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About China Medical System Holdings Limited

The Group is an integrated and profitable pharmaceutical group focusing on research and development, manufacturing, distributing and marketing of prescription drugs, pharmaceutical products and medical equipment primarily in China. China Medical System Holdings Limited was incorporated on 18 December 2006 and became the holding company of the Group on 28 December 2006. The principal companies comprising the Group have been operating under the control of the Group’s majority Shareholder, Mr. Lam, since his acquisition of Kangzhe Shenzhen Pharmaceutical through a PRC company in May 1995.

The Group’s portfolio comprises five pharmaceutical products with exclusive distribution rights in the PRC, three in-house manufactured pharmaceutical products and a range of medical equipment. The products are aimed principally at the therapeutic areas of neurology, digestion, oncology, and ophthalmology.

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