HARBIN, China, July 7 /PRNewswire-Asia-FirstCall/ -- Renhuang Pharmaceuticals, Inc. (NYSE Amex: CBP) ("Renhuang" or the "Company"), a developer, manufacturer and distributor of botanical products, bio-pharmaceuticals and traditional Chinese medicines ("TCM"), today announced that, commencing on July 2, 2010, its common stock is trading on the NYSE Amex Market under the ticker symbol "CBP".
On this occasion, Mr. Shaoming Li, Chairman of the Board, Chief Executive Officer and President of Renhuang Pharmaceuticals, Inc. made the following statement:
"We would like to congratulate our shareholders and welcome them to one of the world's largest and most prestigious exchanges. Those shareholders who have been with us for some time have seen Renhuang grow into a major presence in botanical products, bio-pharmaceutical products, and traditional Chinese medicines ("TCM"), in China. We have shown revenue growth of 24.5% CAGR in the last three years and have launched Banlangen Granules, Compound Honeysuckle Granules, and Qing Re Jie Du Oral Liquid in 2009 and 2010. The Company will launch Compound Schisandra Tablets in July 2010 and Ginseng and Deer Antler Extract in August 2010. The Company continues to play a crucial role in introducing safe and effective botanical drugs, including its leading Siberian Ginseng (Acanthopanax) series, biopharmaceuticals and OTC traditional Chinese medicines, with a key focus on the development of botanical anti-depression and nerve-regulation products.