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China Sky One Medical, Inc. Obtains Production Rights for Two Additional Drugs

Posted on: Tuesday, 16 December 2008, 07:00 CST

HARBIN, China, Dec. 16 /PRNewswire-Asia-FirstCall/ -- China Sky One Medical, Inc. ("China Sky One Medical" or "the Company") (Nasdaq: CSKI), a leading fully integrated pharmaceutical company producing over-the-counter drugs in the People's Republic of China ("PRC"), announced today that it successfully obtained the production approval from the State Food and Drug Administration (SFDA) in China for two additional drugs: Sodium Cromoglicate Eye Drops for the treatment of allergic conjunctivitis and Ftibamzone Liniment for the treatment of herpes and fungal skin infection. The company is planning to launch the production of these two new approved drugs early next year.

Including Sodium Cromoglicate Eye Drops and Ftibamzone Liniment, China Sky One Medical has now received SFDA approval for a total of 15 new drugs in 2008.

"We are proud to have obtained production approval for 15 new drugs in 2008 and see this as an outstanding achievement for China Sky One," said Mr. Yan-Qing Liu, Chairman and CEO of China Sky One Medical. "These drugs treat a variety of illnesses and we are excited about their market potential. We are confident that strong results from our R&D efforts will lead to more drug approvals in 2009, which will further enhance our sales performance."

About China Sky One Medical, Inc.

China Sky One Medical, Inc., a Nevada corporation, is a holding company. The Company engages in the manufacturing, marketing and distribution of pharmaceutical, medicinal and diagnostic products. Through its wholly-owned subsidiaries, Harbin Tian Di Ren Medical Science and Technology Company ("TDR"), Harbin First Bio-Engineering Company Limited ("First"), Heilongjiang Tianlong Pharmaceutical, Inc. ("Tianlong") and Peng Lai Jin Chuang Company Pharmaceutical Company ("Jin Chuang") the Company manufactures and distributes over-the-counter pharmaceutical products, which make up its major revenue source. For more information, visit http://www.skyonemedical.com .

Safe Harbor Statement

Certain of the statements made in the press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward- looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology. Such statements typically involve risks and uncertainties and may include financial projections or information regarding our future plans, objectives or performance. Actual results could differ materially from the expectations reflected in such forward-looking statements as a result of a variety of factors, including the risks associated with the effect of changing economic conditions in The People's Republic of China, variations in cash flow, reliance on collaborative retail partners and on new product development, variations in new product development, risks associated with rapid technological change, and the potential of introduced or undetected flaws and defects in products, and other risk factors detailed in reports filed with the Securities and Exchange Commission from time to time.

SOURCE China Sky One Medical, Inc.

Source: PR Newswire

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