Huifeng Bio-Pharmaceutical Technology Announces a New Spain Order
XI'AN, China, July 22 /PRNewswire-Asia-FirstCall/ -- Huifeng Bio-Pharmaceutical Technology, Inc. (OTC Bulletin Board: HFGB), specializing in developing and producing botanical extracts and other raw materials for pharmaceuticals and food additives, today announced the receipt of its European order for approximately 80 metric tons of Diosmin from Galenicum Health S.L., a Spanish pharmaceutical company. This order is valued at approximately $3.8 million with shipments between August 2010 and July 2011.
Jing'an Wang, the Company's CEO, stated, "I am excited to share news of this purchase order with our investors. HFGB is the only pharmaceutical company in China which has obtained GMP certification and applied for the Certification of Suitability to Monograph of European Pharmacopoeia ("COS") from the European Directorate for the quality of medicine. We currently have customers throughout the world, including France, Japan, South Korea, Australia, Southeast Asia, Russia, India, Germany and the U.S. Once the Company receives COS approval, we believe that the Company will continue to expand its global market share."
Diosmin is a flavonoid that can be isolated from various plant sources or derived from the flavonoid hesperidin. Diosmin is used as a pharmaceutical material as a supplement to treat chronic venous insufficiency, hemorrhoids, lymphedema, and varicose vein