BEIJING, China I December 23, 2014 I China Biologic Products, Inc. (NASDAQ: CBPO, “China Biologic” or the “Company”), a leading fully integrated plasma-based biopharmaceutical company in China, today announced that its majority-owned subsidiary, Shandong Taibang Biological Products Co. Ltd., has received Good Manufacturing Practices (“GMP”) certification from the China Food and Drug Administration (the “CFDA”) for its new coagulation factor production facility. As previously disclosed in the Company’s public filings, the CFDA inspected this new facility for GMP compliance in June 2014.
This new facility will primarily be used to produce plasma-derived prothrombin complex concentrate, factor VIII and various other coagulation factors in the pipeline. This new facility has the capability to produce multiple coagulation factors concurrently and on a larger scale compared with the Company’s existing production facilities.The Company expects to begin commercial production at this new facility immediately.
Mr. David (Xiaoying) Gao, Chairman and Chief Executive Officer of China Biologic, commented, “We are pleased to receive our GMP certificate and be able to launch operations in our newest production facility. Once operational, this new facility will increase our overall production capacity and enable us to continue to meet the growing demand for plasma-based products in China. We anticipate that our new facility will have a positive impact on our 2015 financial results.”
About China Biologic Products, Inc.
China Biologic is a leading plasma-based biopharmaceutical company in China. The Company’s products are used as critical therapies during medical emergencies and for the prevention and treatment of life-threatening diseases and immune-deficiency related diseases. China Biologic is headquartered in Beijing and manufactures over 20 different dosages of plasma-based products through its indirect majority-owned subsidiaries, Shandong Taibang Biological Products Co., Ltd. and Guizhou Taibang Biological Products Co., Ltd. The Company also has an equity investment in Xi’an Huitian Blood Products Co., Ltd. The Company sells its products to hospitals and inoculation centers, as well as distributors, in China. For additional information, please see the Company’s website, www.chinabiologic.com.
SOURCE: China Biologic
Post Views: 222
BEIJING, China I December 23, 2014 I China Biologic Products, Inc. (NASDAQ: CBPO, “China Biologic” or the “Company”), a leading fully integrated plasma-based biopharmaceutical company in China, today announced that its majority-owned subsidiary, Shandong Taibang Biological Products Co. Ltd., has received Good Manufacturing Practices (“GMP”) certification from the China Food and Drug Administration (the “CFDA”) for its new coagulation factor production facility. As previously disclosed in the Company’s public filings, the CFDA inspected this new facility for GMP compliance in June 2014.
This new facility will primarily be used to produce plasma-derived prothrombin complex concentrate, factor VIII and various other coagulation factors in the pipeline. This new facility has the capability to produce multiple coagulation factors concurrently and on a larger scale compared with the Company’s existing production facilities.The Company expects to begin commercial production at this new facility immediately.
Mr. David (Xiaoying) Gao, Chairman and Chief Executive Officer of China Biologic, commented, “We are pleased to receive our GMP certificate and be able to launch operations in our newest production facility. Once operational, this new facility will increase our overall production capacity and enable us to continue to meet the growing demand for plasma-based products in China. We anticipate that our new facility will have a positive impact on our 2015 financial results.”
About China Biologic Products, Inc.
China Biologic is a leading plasma-based biopharmaceutical company in China. The Company’s products are used as critical therapies during medical emergencies and for the prevention and treatment of life-threatening diseases and immune-deficiency related diseases. China Biologic is headquartered in Beijing and manufactures over 20 different dosages of plasma-based products through its indirect majority-owned subsidiaries, Shandong Taibang Biological Products Co., Ltd. and Guizhou Taibang Biological Products Co., Ltd. The Company also has an equity investment in Xi’an Huitian Blood Products Co., Ltd. The Company sells its products to hospitals and inoculation centers, as well as distributors, in China. For additional information, please see the Company’s website, www.chinabiologic.com.
SOURCE: China Biologic
Post Views: 222
