CHENGDU, China, January 3, 2015 /PRNewswire/ -- Tianyin Pharmaceutical Co., Inc. (NYSE MKT: TPI), a pharmaceutical company that specializes in patented biopharmaceutical, modernized traditional Chinese medicine (mTCM), branded generics and active pharmaceutical ingredients (API) today updates regarding the Alliance discussions with industrial leaders (private and state-owned enterprises) in China's pharmaceutical market to form integrated platform of its mTCM franchise focusing on its cardiovascular revenue driver Gingko Mihuan (GMOL).
"In recent years, TPI has met challenges due to intensified market competition and policy changes amid the ongoing healthcare reform in China. In an effort to regain the momentum of revenue growth, we ally with well-entrenched industrial leaders to synergize and optimize various resources to improve the depth and coverage of sales networks." TPI's Chairman and CEO, Jiang, Guoqing commented, "We will provide updates when these efforts substantiate."
About TPI
Headquartered at Chengdu, China, TPI is a pharmaceutical company that specializes in the development, manufacturing, marketing and sales of patented biopharmaceutical, mTCM, branded generics and API. TPI currently manufactures a comprehensive portfolio of 58 products, 24 of which are listed in the highly selective national medicine reimbursement list, 10 are included in the essential drug list of China. For more information about TPI, please visit: http://www.tianyinpharma.com.
Safe Harbor Statement
The Statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.
For more information, please visit: http://www.tianyinpharma.com, or email: ir@tpi.asia
Tel: +86-28-8551-6696 (Chengdu, China)
Address:
Tianyin Pharmaceutical
23rd Floor, Unionsun Yangkuo Plaza
No. 2, Block 3, South Renmin Road
Chengdu, 610041
China
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