AMDL to Address Chinese Pharmaceutical Market With Recent Product Acquisitions
November 28 2006 - 5:00AM
PR Newswire (US)
TUSTIN, Calif., Nov. 28 /PRNewswire-FirstCall/ -- AMDL, Inc.
(AMEX:ADL), developer and marketer of tests for the early detection
of cancer and other serious diseases, announced today it intends to
gain significant market share in the rapidly expanding Chinese
pharmaceutical market through recent licensing agreements and
product acquisitions by its China subsidiary Jade Pharmaceutical
from Chinese drug distributor and manufacturer JMB. With the
transfer of production licenses and manufacturing registration
numbers, Jade Pharmaceutical will focus on selling into the China
pharmaceutical products market with four new drugs (Marine and
Sodium Chloride Injection, Lomefloxacin Aspartate Injection, Lysine
Hydrochloride and Glucose Injection, Omeprazole Sodium for
Injection) and two antibiotic medicines, Roxithromycin and
Levofloxacin. According to IMS Health, pharmaceutical product sales
in China grew 20.4 percent to $11.7 billion in 2005, representing
the third consecutive year the market has achieved more than 20
percent growth. China is projected to become the world's seventh
largest pharmaceutical market by 2009. The market for antibiotic
products (including Roxithromycin and Levofloxacin) exceeded (US)
$4.8 billion globally in 2003 with a continuing estimated growth
rate of 20 percent annually. "The new licensing agreements and
product acquisitions bolster Jade's existing pharmaceutical and
consumer product offerings. We look forward to serving the rapidly
expanding Chinese pharmaceutical market while continuing to develop
and acquire compelling products," said Gary Dreher, AMDL CEO. Jade
Pharmaceutical will manufacture products at the Jiangxi Jade
Biochemistry Ltd. facility in the South China City of Shargro in
the Jiangxi Province of China. At present, these products will only
be sold in the People's Republic of China. About AMDL AMDL, Inc.
(AMEX:ADL), headquartered in Tustin, California, with operations in
Shenzhen, Jaingxi and Jilin China through its wholly owned
subsidiary Jade Pharmaceutical Inc., is an international biopharma
company. AMDL together with Jade engages in the development,
manufacture and marketing of proprietary pharmaceutical and testing
products. More information about AMDL and its additional products
can be obtained at http://www.amdl.com/. Forward-Looking Statements
Statements in this press release may constitute forward-looking
statements and are subject to numerous risks and uncertainties,
including the failure to complete successfully the development of
new or enhanced products, the Company's future capital needs, the
lack of market demand for any new or enhanced products the Company
may develop, any actions by the Company's partners that may be
adverse to the Company, the success of competitive products, other
economic factors affecting the Company and its markets, and other
risks detailed from time to time in the Company's filings with the
Securities and Exchange Commission. The actual results may differ
materially from those contained in this press release. The Company
disclaims any obligation to update any statements in this press
release. AMDL, Inc. Gary L. Dreher President & CEO Contact
(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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