China Medical System Holdings
China Medical System Holdings is an intergraded and profitable pharmaceutical company, which develops, manufactures, sells and markets prescription drugs and medical devices in China.
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China Medical System Holdings full year revenues rise 32%
China Medical System Holdings (LSE: CMSH) expects its sales for the full year ended 31 December to amount to US$96 million, representing a year-on-year increase of 32% from £73 million in 2008.
The company intends to introduce at least two additional imported
products in 2010 to diversify its portfolio and expand its therapeutic
focus. It is currently in discussions with prospective suppliers who
are interested in licensing out their products to CMS.
Aside
from the traditional exclusive agency approach, it is also exploring
other internationally accepted practices to in-license products from
overseas suppliers, thereby offering greater flexibility in its
co-operation with business partners.
"2009 was another year of
great achievement for CMS which demonstrated the successful execution
of our growth strategy, namely, to in-license, on an exclusive basis,
high quality pharmaceuticals with significant market potential and
expand the sales network to further enhance our core competence and
market share,” said chief executive Lam Kong.
"In 2010, we plan to further expand our sales network. We have
recently launched an internship program aiming at adding about 300
medical graduates or post graduates, some of whom will be selected to
be front line salespersons after completing our rigorous training
programs," he added.
CMS added that its proposed additional
listing on the Hong Kong Stock Exchange “may or may not proceed,”
pending on securing necessary approvals and market conditions.
Other China Medical System Holdings news
- China Medical System seals exclusive license to sell Bioflor diarrhea drug in China
2010-02-03 - China Medical System Holdings climbs after reporting strong net profit growth
2009-05-14
