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China Medical Technologies Incorporated


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China Medical Technologies Announces Shareholder Resolution Adopted at its Annual General Meeting

China Medical Technologies, Inc. (the "Company") (Nasdaq: CMED), a leading China-based medical device company that develops, manufactures and markets advanced in-vitro diagnostic products, today announced shareholder resolution adopted at its annual general meeting of shareholders held in Beijing on November 16, 2009.

At the annual general meeting, the Company's shareholders approved the China Medical Technologies, Inc. 2009 Equity Incentive Plan (the "2009 Plan") as adopted by the Company's board of directors and proposed for shareholders' approval by the Company. The terms of the 2009 Plan can be found in the Company's Form 6-K furnished to the U.S. Securities and Exchange Commission (the "SEC") on November 17, 2009, which can be accessed on the Company's Investor Relations website at http://ir.chinameditech.com and on the SEC's website at http://www.sec.gov . The Company's shareholders did not adopt any other resolution at the annual general meeting.

About China Medical Technologies, Inc.

China Medical Technologies is a leading China-based medical device company that develops, manufactures and markets advanced in-vitro diagnostic (IVD) products using Enhanced Chemiluminescence (ECLIA) technology, Fluorescent in situ Hybridization (FISH) technology and Surface Plasmon Resonance (SPR) technology to detect and monitor various diseases and disorders. For more information, please visit http://www.chinameditech.com .

    For more information, please contact:

     Winnie Yam
     Tel:   +852-2511-9808
     Email: IR@chinameditech.com

SOURCE China Medical Technologies, Inc.

http://www.chinameditech.com

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Tags: beijing   china   email   equity   manufacturer   medical   nasdaq   products   sec   securities   technology  

Companies: China Medical Technologies Inc (CMED)

 

China Medical Technologies Inc falls to net loss of CNY47.1m for Q2 - Zibb.com

Chinese medical device company China Medical Technologies Inc (Nasdaq:CMED) reported on Thursday a net loss of CNY47.1m for its second fiscal quarter ended 30 September 2009.

This shows a decrease from net income of CNY117.7m in the corresponding quarter in 2008. A Revenues for the second quarter totalled CNY166.1m, down 14.4% from CNY194.0m in the second quarter last year.

The company's gross margin went down to 65.4% as compared to 70.5% for the corresponding period a year ago, which was primarily due to the price reduction on ECLIA reagent kits starting from September 2009.

Research and development (R&D) expenses increased by 49.9% year-on-year to CNY9.5m, mainly due to the development of new ECLIA reagent kits, FISH probes and SPR-based chips.

(USD1=CNY6.83)

Comments on this story may be sent to admin@m2.com

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Tags: medical   nasdaq   research and development  

Companies: China Medical Technologies Inc (CMED)

 

China Medical Technologies Receives SFDA Approval for its Leukemia BCR/ABL Fusion Gene Detection

China Medical Technologies, Inc. (the "Company") (Nasdaq: CMED), a leading China-based medical device company that develops, manufactures and markets advanced in-vitro diagnostic products, today announced that the Company has received approval for its Leukemia BCR/ABL fusion gene detection FISH Probe (the "Leukemia BCR/ABL FISH Probe") from the State Food and Drug Administration of China (the "SFDA").

The Leukemia BCR/ABL FISH Probe is a molecular diagnostic test kit that uses DNA probes for accurate detection of Philadelphia translocation, which is a specific chromosomal abnormality associated with chronic myelogenous leukemia ("CML"), acute lymphoblastic leukemia ("ALL") and acute myelogenous leukemia ("AML"). Philadelphia translocation is the result of a reciprocal translocation between chromosomes 9 and 22. The translocation results in the presence of a fusion gene which is created by juxtapositioning of a part of the breakpoint cluster region ("BCR") gene from chromosome 22 to the Abelson ("ABL") gene on chromosome 9. CML, ALL and AML are some of the most common types of leukemia, and detecting Philadelphia translocation is a critical diagnosis and prognosis guidance for selecting different treatment protocols for patients with CML, ALL and AML.

As of today, the Company has received SFDA approvals for all the major FISH probes that the Company acquired as part of the FISH business in March 2007, which include HER-2 FISH Probe, Prenatal FISH Probe, Cervical Cancer FISH Probe, Bladder Cancer FISH Probe and Leukemia BCR/ABL FISH Probe. The FISH probes that the Company developed after its acquisition of the FISH business in March 2007, such as the EGFR molecular diagnostic kits, Prostate Cancer FISH Probe, Lymphoma FISH Probe, Sarcoma FISH Probe and FISH probes related to other forms of leukemia, are either in the clinical trial stage or under SFDA review.

"We believe we have become a leading developer and manufacturer of FISH probes in China with the most comprehensive FISH probes for clinical screening, diagnosis and prognosis," commented Mr. Xiaodong Wu, Chairman and Chief Executive Officer of the Company. "We believe our FISH probes will continue to drive a healthy growth for our company by generating sustainable and recurring revenue. We are also confident that our newly developed FISH probes will be approved by the SFDA in the future on a timely basis."

About China Medical Technologies, Inc.

China Medical Technologies is a leading China-based medical device company that develops, manufactures and markets advanced in-vitro diagnostic (IVD) products using Enhanced Chemiluminescence (ECLIA) technology, Fluorescent in situ Hybridization (FISH) technology and Surface Plasmon Resonance (SPR) technology to detect and monitor various diseases and disorders. For more information, please visit http://www.chinameditech.com .

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in the Company's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

    For more information, please contact:

     Winnie Yam
     Tel:   +852-2511-9808
     Email: IR@chinameditech.com

SOURCE China Medical Technologies, Inc.

http://www.chinameditech.com

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Companies: China Medical Technologies Inc (CMED)

 

China Medical Technologies wins SFDA approval for new leukemia test kit - Zibb.com

China Medical Technologies, a medical device company, has received approval for its leukemia BCR/ABL fusion gene detection FISH probe from the State Food and Drug Administration of China or SFDA.

According to China Medical, the leukemia BCR/ABL FISH probe is a molecular diagnostic test kit that uses DNA probes for accurate detection of Philadelphia translocation, which is a specific chromosomal abnormality associated with chronic myelogenous leukemia, acute lymphoblastic leukemia and acute myelogenous leukemia.

Xiaodong Wu, chairman and CEO of China Medical Technologies, said: "We believe we have become a leading developer and manufacturer of FISH probes in China with the most comprehensive FISH probes for clinical screening, diagnosis and prognosis.

"We believe our FISH probes will continue to drive a healthy growth for our company by generating sustainable and recurring revenue. We are also confident that our newly developed FISH probes will be approved by the SFDA in the future on a timely basis."

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Tags: cancer   ceo   china   clinical   dna   fda   manufacturer   medical   revenue   technology  

Companies: China Medical Technologies Inc (CMED)

 

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China Medical Technologies, Inc. information and related industry information from Hoover's United

China Medical Technologies leaves no doubt as to what the company is all about. Its HIFU therapy system treats solid tumor cancers and benign tumors using linear ultrasound waves to raise the temperature of the targeted tumor tissue.

http://www.hoovers.com/china-medical-technologies/--ID__139389--/freeuk-co-factsheet.xhtml

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