Printer Friendly
The Free Library
19,607,059 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Bio-Bridge Sciences Announces Initial Sales of Xinhua's Surgical Instruments in U.S.


OAK BROOK, Ill. -- Bio-Bridge Science, Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
: BGES) announced today that it has recorded the initial sales of Xinhua's surgical instruments. Late last year, Bio-Bridge Science entered into an exclusive agency agreement with Xinhua Surgical Instruments Co., Ltd., a leading global manufacturer of hundreds of instruments that meet the criteria for Class I medical devices by the FDA FDA
abbr.
Food and Drug Administration


FDA,
n.pr See Food and Drug Administration.

FDA,
n.pr the abbreviation for the Food and Drug Administration.
, under which Xinhua granted the Company exclusive distribution rights for all of Xinhua's surgical instruments sold in the U.S. The initial sales were for surgical scissors scissors

Cutting instrument or tool consisting of a pair of opposed metal blades that meet and cut when the handles at their ends are brought together. Modern scissors are of two types: the more usual pivoted blades have a rivet or screw connection between the cutting ends
 and forcepts.

Recently, Bio-Bridge received notice confirming that it had successfully registered the products with the FDA and established a sales inventory of Xinhua's surgical instruments. The Company plans to use well-established distributors in addition to their own sales force to reach the potential market directly. The Company plans to offer high-quality instruments at reduced prices, which will provide for an opportunity to take market share quickly.

"We are pleased to have recorded the first sales from Xinhua's extensive portfolio of products," said CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  Dr. Liang Qiao. "The potential market for their instruments is enormous, as doctors, veterinarians, researchers, and dentists throughout the United States can benefit from their leading-edge products. While the surgical instrument market in the U.S. is highly competitive, our plan to offer high-quality instruments at reduced prices will allow us to take market share quickly. We look forward to working with Xinhua as it receives FDA clearance."

About Xinhua Surgical Instrument Company:

Xinhua Surgical Instrument Co., Ltd, was established jointly by Aesculap International Co. Ltd, Germany and Shandong Shinva Medical Instruments Factory, China in 1997. Xinhua has established a first level production line which produces annually more than 2 million instruments. Using the surgical instrument processing techniques imported from Germany, Xinhua's products have big advantages based upon superior durability and performance. Some of the products include standard surgical instruments, neuro surgery instruments, micro surgery instruments, cervical and lumbar vertebra vertebra /ver·te·bra/ (ver´te-brah) pl. ver´tebrae   [L.] any of the 33 bones of the vertebral (spinal) column, comprising 7 cervical, 12 thoracic, 5 lumbar, 5 sacral, and 4 coccygeal vertebrae .  surgery instruments, thoracic and abdominal surgery instruments, urological surgery instruments, gynecologic gynecologic /gy·ne·co·log·ic/ (gi?ne-) (jin?e-kah-loj´ik) pertaining to the female reproductive tract or to gynecology.  and obstetric surgery instruments, special surgical instruments, dental instruments, non-chrome plated micro neuro surgery instruments, and head resting systems and electro-surgical motors.

About Bio-Bridge Science:

Bio-Bridge Science is a biotechnology firm focused on the development of vaccines with broad therapeutic and preventive applications. Through its wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
 in Beijing, Bio-Bridge is developing a promising new HIV Vaccine, that is expected to enter clinical trials this year in China. The vaccine, based on exclusive technology co-developed by CEO Liang Qiao, an associate professor at Loyola University Chicago's Strich School of Medicine, targets infection in mucosal tissues, the first type of tissue attacked by HIV HIV (Human Immunodeficiency Virus), either of two closely related retroviruses that invade T-helper lymphocytes and are responsible for AIDS. There are two types of HIV: HIV-1 and HIV-2. HIV-1 is responsible for the vast majority of AIDS in the United States. .

The Chinese government, mindful of the rapid expansion of AIDS in China has, through the "Green Mile Policy" acted to expedite the approval of domestically produced HIV Vaccines and has dramatically increased its spending on AIDS-related research. In accordance with this policy, Bio-Bridge expects to bring its therapeutic HIV Vaccine A therapeutic HIV vaccine is a vaccine that when used provides immunity to HIV and the resultant AIDS condition.

An effective HIV vaccine has been sought in medical research since the mid-1980s, although progress has been made only relatively recently.
 to market as early as 2008, far in advance of many other HIV Vaccines currently in development. Bio-Bridge is currently constructing a new $3 million state-of-the-art GMP GMP (guanosine monophosphate): see guanine.  research and manufacturing facility in Beijing, which is expected to be completed by mid-year.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Mar 21, 2006
Words:525
Previous Article:Emida Announces Support of Lipman 8320 GPRS Terminal.
Next Article:New Kettle(TM) Brand Bakes Come ''Fully Loaded'' with Flavor; Healthful Snacks Help Consumers Indulge without Compromise.
Topics:



Related Articles
Varian, Inc. to Acquire VanKel; Broadens Reach into Life Science Markets.
Varian, Inc. Finalizes VanKel Acquisition; Adds to Life-Science-Focused Product Lines.
Bio-Bridge Science Signs Exclusive Distribution Agreement with Xinhua Surgical Instruments.
Bio-Matrix Scientific Unveils Veterinary Stem Cell Therapy Instruments at American College of Veterinary Surgeons' Symposium in San Diego.
BIO-BRIDGE SIGNS DISTRIBUTION PACT WITH XINHUA SURGICAL.
Microline PENTAX Announces Exclusive Worldwide Technology License Agreement for Steerable Surgical Instruments.
Acupuncture Needles, Anesthesia Needles, Angiography Needles, Aspirating Needles, Biopsy Needles and Blood Collection Needles Are Some of the Product...
Bio/Data Corporation receives Health Canada licences.
Examine Future Market Forecasts for the Uro-Gynecological Surgical Devices Industry.
Electrodes for Medical Devices - Global Strategic Business Report Profiles 166 Companies Including Many Key and Niche Players Worldwide Such as 3M...

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles