Cefaclor

HAIKOU, China, Dec. 15, 2022 /PRNewswire/ -- China Pharma Holdings, Inc. (NYSE American: CPHI) ("China Pharma", the "Company" or "We"), an NYSE American-listed corporation with a fully-integrated specialty pharmaceuticals subsidiary based in China, today announced that its drugs were listed in The Catalogue of Medicines for People Infected with COVID-19 (First Edition) (hereinafter referred to as the Catalogue) published by People's Daily on December 12, 2022. Recently, China has completely ended its strict quarantine and zero case policies in response to COVID-19 pandemic in the past three years. Out of concern about the spread of the epidemic, people began to hoard many related drugs. The Chinese government has issued the Catalogue to guide people to take drugs accordingly. A series of drugs of our Company are listed in the catalog, and the demand is huge. Our modern Traditional Chinese Medicine (TCM) anti-virus product: Andrographolide has been listed in the Catalogue Our cold medicine: Naproxen Sodium and Pseudoephedrine Hydrochloride Sustained Release Tablets (brand name, Pusen OK), in which the compound ingredient pseudoephedrine is in line with the cold symptom relief medicine recommended in the Catalog It was announced in many places in China in recent days that pharmacies will no longer register or upload customer information on "four types of drugs", which includes anti-fever, cough, antiviral and antibiotic drugs. This will benefit the sales of our main products, roxithromycin and cefaclor The market demand for our masks has also increased significantly Ms. Li Zhilin, CEO of China Pharma said: " With the liberalization of epidemic risk control measures across China, the number of infected people may rise rapidly. The public's need in keeping certain epidemic prevention materials and related drugs has been dramatically increasing. As a professional pharmaceutical manufacturer for nearly 30 years, we will continue to spare no effort to provide high-quality products to protect people's health." About China Pharma Holdings, Inc. China Pharma Holdings, Inc. (NYSE American: CPHI) is a specialty pharmaceutical company that develops, manufactures, and markets a diversified portfolio of products, focusing on conditions with high incidence and high mortality rates in China, including cardiovascular, CNS, infectious, and digestive diseases. The Company's cost-effective business model is driven by market demand and supported by new GMP-certified product lines covering the major dosage forms. In addition, the Company has a broad and expanding nationwide distribution network across all major cities and provinces in China. The Company's wholly-owned subsidiary, Hainan Helpson Medical & Biotechnology Co., Ltd., is located in Haikou City, Hainan Province. For more information about China Pharma Holdings, Inc., please visit . The Company routinely posts important information on its website. Safe Harbor Statement Certain statements in this press release constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Any statements set forth above that are not historical facts are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such risks and uncertainties may include, but are not limited to: the achievability of financial guidance; success of new product development; unanticipated changes in product demand; increased competition; downturns in the Chinese economy; uncompetitive levels of research and development; and other information detailed from time to time in the Company's filings and future filings with the United States Securities and Exchange Commission. The forward-looking statements made herein speak only as of the date of this press release and the Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations, except as required by applicable law or regulation. SOURCE China Pharma Holdings, Inc.

Eddingpharm forked over $375 million for the rights to sell Ceclor and Vancocin in China, as well as a manufacturing facility that makes the two medications. Eli Lilly has inked a $375 million deal with China-based Eddingpharm for the rights to two legacy antibiotic medicines and manufacturing facility in Suzhou, China. The sale of off-patent drug assets in China has been a potential revenue source goal for Eli Lilly as it looks to raise funds to support the development of high-growth products at home. Eddingpharm, a specialty pharmaceutical company in China, acquired the Chinese rights to sell Ceclor and Vancocin. The Chinese company also gained the manufacturing facility that produces those two medications as part of the deal, Eli Lilly announced this morning. Lilly said the employees of the Suzhou factory will be offered the opportunity to remain at the facility and continue to work with Eddingpharm. Under terms of the deal, Eli Lilly will provide ongoing services to Eddingpharm for a period of time to ensure continuity of product supply and support the smooth transition of the facility. Julio Gay-Ger, president and general manager of Lilly China, said the Indianapolis-based company is committed to improving the health of the people of China. “This transaction will enable Lilly China to better focus our resources on the exciting new therapies that we are launching in our core therapeutic areas, so that we can bring more life-changing medicines to patients in China,” Gay-Ger said in a statement. Eddingpharm Chief Executive Officer Xin Ni said both of the Lilly antibiotics, Ceclor and Vancocin, have been on the Chinese market for more than two decades. The names of the medications have earned the trust of both patients and physicians in China, Ni said. That legacy of efficacy and trust is something that Eddingpharm intends to carry on in the coming years. “We look forward to maintaining high standards of operation, supplying products with the best quality, and serving more patients in need in China,” Ni said in a statement. Under terms of the deal, Lilly will receive a deposit of $75 million, followed by a payment of $300 million upon the successful closing of the transaction. The transaction is expected to close in either the latter part of 2019 or early 2020, Lilly said. The transaction will not be reflected in Lilly’s reported results and financial guidance until closing, the company said. China has become a nation of opportunity for Eli Lilly and other western pharmaceutical companies. Last year, Eli Lilly secured its toehold in China, a market that is expected to see exponential industry growth by 2022, through a partnership with China’s National Center for Cardiovascular Diseases. The partnership is across four strategic initiatives that are expected to advance the understanding of type 2 diabetes and related complications, such as cardiovascular disease. Last month, Eli Lilly signed an exclusive agreement with Transcenta Holding for a portfolio of novel biotherapeutics programs in the area of bone diseases for development and commercialization in China. The programs include the phase II-completed Blosozumab, a humanized antibody to sclerostin being developed as a treatment for osteoporosis, the companies announced.