GNI and Beijing Continent Pharmaceutical Agree to Form Strategic Alliance; Completes GNI's Value Chain.BEIJING & TOKYO -- GNI GNI Gross National Income GNI Global Nomads International GNI Guyana News and Information GNI Gay Naturists International GNI Global Netoptex Inc. GNI Great Northern Iron GNI Gebäude Netzwerk Institut (German) , the international biopharmaceutical company and leader in the field of integrated systems pharmacology pharmacology, study of the changes produced in living animals by chemical substances, especially the actions of drugs, substances used to treat disease. Systematic investigation of the effects of drugs based on animal experimentation and the use of isolated and , announces that it has agreed to form a strategic alliance with Beijing Continent Pharmaceutical Co., Ltd. by taking a minority stake in the Chinese pharmaceutical sales and manufacturing company. Beijing Continent Pharmaceutical, which was established in 2002 and awarded Chinese Good Manufacturing Practices Good Manufacturing Practice or GMP (also referred to as 'cGMP' or 'current Good Manufacturing Practice') is a term that is recognized worldwide for the control and management of manufacturing and quality control testing of foods and pharmaceutical products. (GMP GMP (guanosine monophosphate): see guanine. ) status in 2004, manufactures tablets, capsules, pills and over the counter products such as Anti-Prostatitis Pills, Roxithromycin and Omeprazole omeprazole /omep·ra·zole/ (o-mep´ra-zol) an inhibitor of gastric acid secretion used in the treatment of dyspepsia , gastroesophageal reflux disease, disorders of gastric hypersecretion, and peptic ulcer, including that associated with at its plant in the Linhe Industrial Development Area in Beijing's Shunyi district. The company has a large sales force, which focuses on hospitals, doctors and drug stores and has strong reach throughout China, particularly in the major cities, plus additional salespeople sales·peo·ple pl.n. Persons who are employed to sell merchandise in a store or in a designated territory. who are assigned to its products by distributors. The alliance completes GNI's value chain by allowing it access to Beijing Continent Pharmaceutical's manufacturing facilities, a strong dedicated sales force and a large sales distribution network. Since its establishment in November 2001, GNI has expanded its global network to include a unique combination of pioneering research facilities in the U.K., gene network computation Computation is a general term for any type of information processing that can be represented mathematically. This includes phenomena ranging from simple calculations to human thinking. capabilities and access to the world's most advanced supercomputers in Japan, and a highly advanced Western-standard integrated drug development program through Shanghai Genomics. This global network supports GNI's ongoing drug discovery and commercialization efforts and will be further strengthened through the alliance with Beijing Continent Pharmaceutical. GNI's Chairman, Chief Executive Officer and founder, Dr. Christopher Dr. John R. Christopher, known popularly as "Dr. Christopher" was one of very few nationally prominent doctors of herbal medicine of the middle third of the 20th century, a "dark ages" of herbalism and was responsible for the herbal renaissance of the 1960s. Savoie, said: "The alliance with Beijing Continent Pharmaceutical confirms that GNI is a fully integrated biopharmaceutical company. This is an extremely important step for GNI as it provides us with far greater reach into the Chinese pharmaceutical market, which is currently estimated to be the tenth largest globally but is expected to become the fifth largest by 2010." "We are therefore now extremely well positioned to meet our goals of developing and commercializing drugs to serve the medical needs of underserved markets, particularly those in Asia. We look forward to working alongside our partners at Beijing Continent Pharmaceutical to achieve this end," Dr. Savoie added. Mr. Jia Yan, President of Beijing Continent Pharmaceutical, said: "We are delighted to form an alliance with GNI and look forward to working together. This alliance represents a key step in the continued growth of Beijing Continent Pharmaceutical as it provides us with access to innovative new medicines in the GNI development pipeline such as F647, which targets acute lung damage caused by radiation therapy, and to further products through GNI's global network." NewCap Partners, Inc. (www.newcap.com), a U.S.-based investment banking firm, and China Chengxin Financial Consultancy Co., Ltd. (www.ccx.com.cn), a Chinese investment banking firm, served as GNI's investment advisors Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and for the transaction. About GNI Founded in 2001, GNI, a leader in the field of integrated systems pharmacology, is an international biopharmaceutical company with operations in Japan, China, the U.K. and the U.S. GNI has used ethically approved methods to successfully map gene regulatory networks A gene regulatory network (also called a GRN or genetic regulatory network) is a collection of DNA segments in a cell which interact with each other (indirectly through their RNA and protein expression products) and with other substances in the cell, thereby via a complex process of reverse-engineering. Furthermore, GNI has successfully developed the technology required to apply this data to drug development and discovery, a feat that has not been achieved by any other organization. In June 2005, GNI merged with Shanghai Genomics, which operates an integrated drug discovery platform, combining genetic discovery and drug development. For further information, please visit www.gene-networks.com. About Beijing Continent Pharmaceutical Established in 2002, Beijing Continent Pharmaceutical Co., Ltd. is a research and development-based company which develops, manufactures and distributes Chinese traditional medicine Chinese traditional medicine an ancient health care system based on the concept of vital energy (Qi) and the opposing forces of yin (negative energy) and yang (positive energy). It incorporates herbal medicine, exercises, meditation and acupuncture. , Western medicine and biopharmaceutics. All drugs manufactured by the company have been awarded Chinese Good Manufacturing Practices (GMP) status. Based in the Linhe Industrial Development Area in Beijing's Shunyi district, the company occupies an area of approximately 20,000 square meters Noun 1. square meter - a centare is 1/100th of an are centare, square metre area unit, square measure - a system of units used to measure areas and also has clean room facilities. Beijing Continent Pharmaceutical's large workforce combines expertise in medical, pharmaceutical and marketing areas, covering more than 1,000 hospitals in over 20 cities. |
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