Rochester, NY 8/20/2009 8:19:13 PM
Tianyin Pharmaceutical Co., Inc. TPI - Tianyin Pharma Shares Increase with 32%
Tianyin Pharmaceutical Co., Inc. TPI
Tianyin Pharmaceutical Co. TPI last Wednesday announces had already more than double this year. The company shares jumped 32% to $4.35 in premarket trading. The company announced it had been cleared by the Chinese State Food and Drug Administration to make generic forms of medicines to treat internal bleeding and respiratory ailments.
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Sanqi tablets are used to treat injury-related bleeding and reduce swelling and pain. Tianyin expects producing the tablets - which have estimated annual Chinese sales of about $73.5 million - will help it gain a share of the Chinese orthopedic-medicine market. A feature of Sanqi is it does not cause blood stasis, or blood stagnation, an important underlying pathology of many disease processes, according to traditional Chinese medicine.
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