China Medicine Corp. (OTCBB: CHME)
Written by John Pentony on July 10, 2009
China Medicine Corporation (OTCBB: CHME)
OVERVIEW
China Medicine Corporation (CMC) is a Delaware registered corporation, established in 2005. On February 8, 2006, the company acquired Guangzhou Konzern Medicine Co., Ltd. as its wholly owned subsidiary. The company’s name was changed from Lounsberry Holdings III, Inc. to China Medicine Corporation on May 10, 2006.
The Company is a distributor of pharmaceutical and medical products in the People’s Republic of China (PRC), including prescription and over-the-counter drugs, Chinese herbs, traditional Chinese medicines made from Chinese herbs, nutritional supplements, dietary supplements, and medical instruments. The Company is also engaged in proprietary research and development with the aim of creating new pharmaceutical products and intellectual property that we may sell in the future.
As developer of innovative pharmaceutical products, The Company currently has four patents registered with the State Food and Drug Administration of PRC (“SFDA”), and eleven others pending approval.
CMC distributes approximately 2,400 pharmaceutical and medical products, including prescription and over the counter medicines, traditional Chinese medicines, as well as herbs and nutritional supplements. The Company have an extensive sales network and have expanded into rural areas of Guangdong province. Currently, The Company is selling products to 28 provinces, including over 300 hospitals, 500 medicine companies that sells to more than 2,000 drug stores throughout China.
CMC’s mission is to become a leading research-driven pharmaceutical company in China dedicated to the discovery, development, distribution and manufacturing of pharmaceutical products and nutritional supplements.
The Company is proud of the strong research and development capabilities. CMC strives to achieve growth and market leadership through its research and development effort, drug commercialization and selective acquisitions of manufacturing entities.
The Company believes, with the combination of our superior management skills, advanced technology and capital resources, we have the competitive position in Chinese pharmaceutical market. In addition, The Company believes that the ability to develop proprietary products through the current research and development efforts will position themselves to compete with other players in China’s pharmaceutical industry.
THE PRODUCTS
THE MANAGEMENT
Senshan Yang
Mr. Senshan Yang has been The Company’s Chief Executive Officer since February 8, 2006 and a Director since February 10, 2006. He hasbeen Chairman and General Manager of Konzern since July 2000. Prior to that, Mr. Yang had served as a Manager Associate for Guangdong MaomingPetroleum Corporation, a state-owned company, for nearly 20 years. Mr. Yang obtained his bachelor’s degree from South China University ofTechnology in 1981.
Minhua Liu
Ms. Minhua Liu has been The Company’s Executive Vice President since February 8, 2006 and a Director since February 10, 2006. She has beenVice General Manager of Konzern since July 2000. Prior to that, she had served as a company herbalist doctor for China Military Science QimingResearch Center in Beijing , responsible for all the health care of all staff of the research center. Ms. Liu obtained her bachelor’s degree from BeijingCollege of Traditional Chinese Medicine in 1992.
Huizhen Yu
Ms. Huizhen Yu has been The Company’s Chief Financial Officer since February 10, 2006. She has been Chief Financial Officer of Konzern since October 2002. Ms. Yu was an accountant for Shenzhen Liuge Bicycle Equipment Co., Ltd from 2000 until 2002, and an accountant for Guangzhou JoinWin Consultancy Ltd. from 1997 to 2000. She obtained her bachelor’s degree from Jinan University in Guangzhou and Middle Level Accountant Certificate in China in 2002.
CONTACT INFO:
China Medicine Corporation
Tel:0086+20-8739 1718
Email: konzern08@163.com , konzern01@163.com
Address:Rm702, Guangri Mansion, No.9, Siyou Nan Rd, Wuyang Xincheng, Guangzhou, PRC
Post Code:510600
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