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ScinoPharm Reports Final FY2009 Results

March 25, 2010

TAIWAN, March 25 /PRNewswire-Asia/ — ScinoPharm, an active pharmaceutical
ingredient (API) specialist, today announced audited record results for its
fiscal year 2009. The company posted NT$3.791 billion in revenue, an increase
of 20.54% over 2008. The company posted after-tax profit of NT $1.041
billion
, an increase of approximately 19.37% over 2008.

The increase was driven by the continued strong sales of its anti-cancer
and other therapeutic treatments products, as well as increased demands from
Europe, Japan, Korea and India. This marks the tenth consecutive year of
double digit revenue growth.

“We delivered solid performance in 2009 and look forward to growing our
top and bottom line in 2010,” said Dr. Jo Shen, President and CEO of
ScinoPharm. “Our performance is directly attributed to our core strategy of
focusing on high value and high technological barrier products, which will
further ScinoPharm’s market leadership position in generic APIs,” Dr. Shen
added.

2010 Outlook

ScinoPharm has several new API products for generic drugs scheduled for
commercialization in 2010, including products for breast cancer, prostate
cancer, and ovarian cancer. In addition, two New Chemical Entity (NCE)
projects are expected to get approval from FDA for commercial launch.

ScinoPharm has also accelerated its pace by developing cell lines and lab
processes for seven biosimilars. Among them are monoclonal antibodies used in
the treatment of cancer and rheumatoid arthritis. ScinoPharm also continues to
expand with the construction of a new production facility and a new R&D site
in Changshu, Jiangsu Province, scheduled to be completed in 2011.

About ScinoPharm Taiwan

ScinoPharm Taiwan, Ltd. is a leading process R&D and API manufacturing
service provider to the global pharmaceutical industry. With cGMP production
facilities, ScinoPharm offers a wide portfolio of services ranging from custom
synthesis for early phase pharmaceutical activities to brand companies as well
as APIs for the generic industry. Combining cost-effective resources and
productivity of Asia along with extensive regulatory know-how, ScinoPharm is
uniquely positioned to serve global pharmaceutical R&D and manufacturing needs
at any level and for any company in this sector. For more information please
visit http://www.scinopharm.com .

    Media Contact:
     ScinoPharm Taiwan, Ltd.
     Sabrian Wu
     TEL:    +886-6-505-2869
     Mobile: +886-920-056-385
     Email:  sabrina.wu@scinopharm.com.tw

SOURCE ScinoPharm Taiwan, Ltd.


Source: newswire



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