Published on September 22, 2009 at 5:49 AM
Simcere Pharmaceutical Group (NYSE: SCR) ("Simcere" or the "Company"), a leading manufacturer and supplier of branded generic and innovative pharmaceuticals in China, today announced that Jiangsu Yanshen Biological Technology Stock Co., Ltd ("Jiangsu Yanshen"), in which Simcere holds a 37.5% stake, was awarded a new drug certificate and production license from China's State Food and Drug Administration (SFDA) on September 18 for Jiangsu Yanshen's H1N1 vaccine. Of the eleven flu vaccine manufacturers in China, Jiangsu Yanshen is one of six currently licensed to produce the H1N1 vaccine.
"We are delighted that Jiangsu Yanshen has been awarded a new drug certificate and production license for the H1N1 flu vaccine," commented Mr. Jinsheng Ren, Chairman and Chief Executive Officer of Simcere Pharmaceutical Group. "Simcere's investment in Jiangsu Yanshen is an important part of our strategy to become a leader in China's fast growing biopharmaceutical industry."
Source: http://www.simcere.com