China-Biotics Signs Contract With Henan Square Pharmaceutical
Posted on: Friday, 22 August 2008, 09:01 CDT
China-Biotics, which manufactures, markets and distributes probiotics products, has signed a one-year contract with Henan Square Pharmaceutical to supply probiotics for Square Pharmaceutical's probiotics-based medicines. The agreement runs through July 2009.
Jinan Song, chairman and CEO of China-Biotics, said: "Square Pharmaceutical marks our fifth bulk additives customer, all of which have signed contracts before we begin production at our new manufacturing facility.
"We expect our new 150-metric-ton probiotics facility to come online in the fourth quarter of 2008. We look forward to increasing the number of business customers in order to occupy the capacity of our new plant when it is up and running."
China-Biotics aims to become one of the largest probiotics suppliers in the world once the new plant starts production.
Source: Datamonitor
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