Global Pharmatech Receives Two New Patents
October 12 2006 - 9:30AM
PR Newswire (US)
JILIN, China, Oct. 12 /Xinhua-PRNewswire/ -- Global Pharmatech,
Inc. (OTC:GBLP) (BULLETIN BOARD: GBLP) a company that develops,
manufactures and markets proprietary botanical drugs and dietary
supplements, today announced that the State Intellectual Property
Office of the P. R. China has recently granted new patents to two
drug candidates, Shenxiangsuhe Pills (patent number:
ZL200410010947.7) and Xinshu Pills (patent number:
ZL200410011088.3) to Natural Pharmatech (Jilin), a wholly owned
subsidiary of Global Pharmatech, Inc. Dr. Xiaobo Sun, President and
CEO of Global Pharmatech stated: 'Our company is developing these
two drug candidates for the treatment of coronary diseases,
including angina pectoris. We are very pleased to have patent
protection for these drug candidates in our pipeline. The incidence
of coronary diseases has been gradually increased in China during
the past two decades. These two patents will protect our
proprietary technologies and enable us to develop better herbal
drugs for the treatment of cardiovascular diseases in China. Based
on available data we have obtained, we have confidence to bring
these two products onto Chinese market with the next two to three
years.' About Global Pharmatech Global Pharmatech, through its
subsidiaries, develops, manufactures and markets proprietary drugs
that are based on Traditional Chinese Medicine using modern
facilities and advanced R&D technologies. The company offers a
full range of start-to-finish biotech services, from research and
testing to manufacture and sale of liquid and solid dose products.
The Company employs unique proprietary extraction methods and also
licenses patents and technologies for botanical/biological drug
products. Global Pharamtech's operations are currently based in the
People's Republic of China with sales distribution centers in
China, Malaysia, Singapore and Indonesia. For more information,
please visit Global Pharmatech.com Safe Harbor Statement under the
Private Securities Litigation Reform Act of 1995 This news release
contains forward-looking statements within the meaning of the 'safe
harbour' provisions of the Private Securities Litigation Reform Act
of 1995. These statements are based upon our current expectations
and speak only as of the date hereof. Our actual results may differ
materially and adversely from those expressed in any
forward-looking statements as a result of various factors and
uncertainties, including our ability to successfully develop and
commercialize products, competitive products in our key markets,
changes in consumer demand for our products, legislative,
regulatory and competitive developments and general economic
conditions. Our SEC filings discuss some of the important risk
factors that may affect our business, results of operations and
financial condition. We undertake no obligation to revise or update
publicly any forward-looking statements for any reason. For more
information, please contact: Joseph Levinson Chief Financial
Officer Global Pharmatech, Inc. Tel: +1-905-787-8225 Email: Zhuojun
Li Investor Relations Global Pharmatech, Inc. Tel: +1-905-787-8225
Email: DATASOURCE: Global Pharmatech, Inc. CONTACT: Joseph
Levinson, Chief Financial Officer, +1-905-787-8225, or , or Zhuojun
Li, Investor Relations, +1-905-787-8225, or , both of Global
Pharmatech, Inc.
Copyright