AMDL Announces Financial Results for Jade Pharmaceutical; Six Month Revenues Top $3 Million
September 19 2006 - 10:20AM
PR Newswire (US)
TUSTIN, Calif., Sep. 19 /PRNewswire-FirstCall/ -- AMDL, Inc.
(AMEX:ADL), developer and marketer of tests for the early detection
of cancer and other serious diseases, announced today that Jade
Pharmaceutical Inc. posted revenues of $3.095 million for the six
months ended June 30, 2006, up 42.7 percent compared to revenues of
$2.169 million for the same period in 2005. Jade Pharmaceutical
posted revenues of $1.884 million for the three months ended June
30, 2006, up 56.9 percent compared to revenues of $1.201 million
for the same three months in 2005. Jade Pharmaceutical's net income
for the six months ended June 30, 2006 totaled $829,344 compared to
$506,108 in the previous period in 2005, and its net income for the
three months ended June 30, 2006 totaled $499,721 compared to
$297,431 in the same period in 2005. The financial results are
unaudited. Jade Pharmaceutical sells prescription pharmaceutical
products and over- the-counter products in China including
injectibles, capsules, tablets, liquids and medicated skin products
through its two subsidiaries, JieZhong and YiQiao. AMDL
shareholders overwhelmingly approved the acquisition of Jade
Pharmaceutical and its two wholly owned subsidiaries at a
shareholders' meeting on September 8th. "We are very pleased by the
continuing, outstanding growth at Jade Pharmaceutical," said Gary
Dreher, AMDL. "The closing of the acquisition is expected to occur
on September 28, 2006. With the recent approval by the China State
Food and Drug Administration of the Jade Pharmaceutical drug
Ondansetron(R), which is highly effective in preventing nausea due
to cancer treatments and represents a worldwide market exceeding $2
billion in annual sales, and the upcoming expected submission for
approval of several other drugs by Jade Pharmaceutical in China,
including a liver cancer treatment that is in the final stage of
clinical trials in that nation, we believe the future for AMDL/Jade
is very promising." About AMDL AMDL, Inc. (AMEX:ADL), headquartered
in Tustin, California, is a theranostics company, involved in the
detection and treatment of the same disease, cancer. AMDL is the
inventor, developer and worldwide marketer through exclusive
distribution agreements of the DR-70(R) non-invasive cancer blood
test, which has demonstrated its ability to detect the presence in
humans of up to 14 cancers 84 percent of the time overall. In a
study published in the Journal of Immunoassay (1998, vol. 19, pp
63-72) DR-70(R) was shown to detect at least 13 different types of
cancer (lung, breast, stomach, liver, colon, rectal, ovarian,
esophageal, cervical, trophoblastic, thyroid, malignant lymphoma,
pancreatic) although the sample size for 9 of the cancers was not
statistically significant. Clinical trials of DR-70(R) have been
conducted in Canada, China, Germany, Taiwan and Turkey. DR-70(R)
can detect many kinds of cancer using a single tube of blood,
eliminating the need for costly, multiple tests. AMDL also owns a
combination immunogene therapy technology that is a possible
treatment for those already diagnosed with cancer and could
eventually be used as a vaccine to protect patients known to be at
risk because of a family history for certain types of cancer. The
combination therapy both builds the body's immune system and
destroys cancer cells. More information about AMDL and its
additional products can be obtained at http://www.amdl.com/.
Forward-Looking Statements This news release contains
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Such statements are
subject to certain risks and uncertainties, and actual
circumstances, events or results may differ materially from those
projected in such forward-looking statements. The Company cautions
readers not to place undue reliance on any forward-looking
statements. The Company does not undertake, and specifically
disclaims any obligation, to update or revise such statements to
reflect new circumstances or unanticipated events as they occur.
Contact: AMDL, Inc. Gary L. Dreher President & CEO (714)
505-4460 DATASOURCE: AMDL, Inc. CONTACT: Gary L. Dreher, President
& CEO of AMDL, Inc., +1-714-505-4460 Web site:
http://www.amdl.com/
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