China Aoxing Pharmaceutical Company Receives a New Injection Drug Approval for the Treatment of Angina
May 04 2009 - 8:00AM
Marketwired
China Aoxing Pharmaceutical Company, Inc. (OTCBB: CAXG) ("China
Aoxing"), a pharmaceutical company specializing in research,
development, manufacturing and marketing of narcotic and
pain-management products, today announced that it received a new
production license for Isosorbide Mononitrate Injection from the
China State Food and Drug Administration ("SFDA") for treatment of
angina pectoris, myocardial infarction, of chronic congestive heart
failure, pulmonary hypertension and related coronary artery
disease.
"Angina along with coronary artery disease is a leading health
problem among people over the age of 50. Approximately 30 million
people in China suffer from Angina. Isosorbide Mononitrate is an
effective intravenous injection drug in hospitals to treat this
public heath problem," said Juan Yue Han, Chairman and the CEO of
China Aoxing. "We are very excited to have another drug approval in
year 2009. This approval further underscores China Aoxing's
long-term commitment to developing high quality hospital care
therapies. We are looking forward to launching this product in the
second half of 2009."
About Angina Pectoris
Angina Pectoris is a term for chest pain caused by an inadequate
supply of blood and oxygen to the heart. It is often associated
with the narrowed arteries found in coronary artery disease (CAD).
This narrowing is due to atherosclerosis. It is common in people
over the age of 50. Sometimes it occurs in younger people. It is
more common in men than women. With angina, the affected patient's
heart may get sufficient blood for daily activities, but the
arteries may not be able to respond appropriately to increased
demands for oxygen during exercise, times of emotional or physical
stress, and with extremes of temperature.
About Isosorbide Mononitrate Injection
Isosorbide mononitrate is a metabolite of isosorbide dinitrate,
a vasodilatory agent which is converted to nitric oxide (NO),
activates the enzyme guanylate cyclase, thereby stimulating the
synthesis of cyclic guanosine 3',5'-monophosphate (cGMP) and this
then activates a series of protein kinase dependent
phosphorylations in the smooth muscle cells, eventually resulting
in the dephosphorylation of the myosin light chain and the
subsequent release of calcium ions thereby relaxing the smooth
muscle cells and producing vasodilation. It is used in the
treatment of angina pectoris, myocardial infarction, of chronic
congestive heart failure, pulmonary hypertension and related
coronary artery disease.
About China Aoxing Pharmaceutical Company, Inc.
China Aoxing Pharmaceutical Company, Inc. (OTCBB: CAXG) is a
pharmaceutical company located in China specializing in research,
development, manufacturing and distribution of a variety of
narcotics and pain-management products. It has a strategic alliance
with American Oriental Bioengineering, Inc. (NYSE: AOB) to develop
and market various narcotic drugs in China. Headquartered in
Shijiazhuang City, the pharmaceutical capital of China, outside of
Beijing, China Aoxing has China's largest and the most advanced
manufacturing facility for highly regulated narcotic medicines,
addressing a very under-served and fast-growing market in China.
Its facility is one of the few GMP facilities licensed for
narcotics medicines. The Company is working closely with the
Chinese government and SFDA to assure the strictly regulated
availability to medical professionals of its narcotic drugs and
pain medicines throughout China.
Statements made in this press release are forward-looking and
are made pursuant to the safe harbor provisions of the Securities
Litigation Reform Act of 1995. Such statements involve risks and
uncertainties that may cause actual results to differ materially
from those set forth in these statements. The economic,
competitive, governmental, technological and other risk factors
identified in the Company's filings with the Securities and
Exchange Commission, including the Form 10-KSB for the year ended
June 30, 2008, may cause actual results or events to differ
materially from those described in the forward-looking statements
in this press release. The Company undertakes no obligation to
publicly update or revise any forward-looking statements, whether
because of new information, future events, or otherwise.
Contact: Wei Zhang Investor Relations China Aoxing
Pharmaceutical Company, Inc Email: chinaaoxing@gmail.com Telephone:
646 - 512 - 5662
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