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Simcere Pharmaceutical Group to Acquire Additional Stake in Jilin Boda Pharmaceutical Co. Ltd

Monday, June 7, 2010 General News
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NANJING, China, June 7 Simcere Pharmaceutical Group("Simcere" or the "Company") (NYSE: SCR), a leading pharmaceutical companyspecializing in the development, manufacturing, and marketing of brandedgeneric and proprietary pharmaceuticals in China, today announced that it hasentered into an agreement to acquire an 80% stake in Xiangao InvestmentCompany Ltd, an investment company registered in China, as its sole business,holds a 49% stake in Jilin Boda Pharmaceutical Co. Ltd. ("Boda"). After thecompletion of this acquisition, Simcere will control a 90% stake in Boda.
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Boda is a fast-growing manufacturer of injectable stroke managementmedication. Simcere currently holds a 51% stake in Boda through an acquisitionmade in September 2007. This additional acquisition further demonstratesSimcere's progress in the field of cardiovascular and cerebrovascularmedications.
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About Simcere Pharmaceutical Group

Simcere Pharmaceutical Group (NYSE:SCR, Simcere) is a leadingpharmaceutical company specializing in the development, manufacturing, andmarketing of branded generic and proprietary pharmaceuticals in China. Inrecent years, Simcere has been focusing its strategy on the development ofinnovative pharmaceuticals and first-to-market generics, and has introduced aninnovative anti-cancer medication Endu, a first-to-market medication Sinofuan,and first-to-market generics such as Bicun and Anxin. Simcere manufactures andsells antibiotics, anti-cancer medication, stroke management medication andbiopharmaceutical drugs such as vaccines. Simcere concentrates its researchand development efforts on the treatment of diseases with high incidenceand/or mortality rates and for which there is a clear demand for moreeffective pharmacotherapy such as cancer, strokes, orthopaedics and infectiousdiseases. For more information about Simcere Pharmaceutical Group, pleasevisit http://www.simcere.com .For more information, please contact: Investor and Media Contacts: Email: [email protected] In Nanjing: Frank Zhao Chief Financial Officer Simcere Pharmaceutical Group Tel: +86-25-8556-6666 x8818 In Beijing: Ruirui Jiang Brunswick Group Tel: +86-10-6566-2256 In the United States: Kate Tellier Brunswick Group Tel: +1-212-333-3810 In Hong Kong: Joseph Lo Chi-Lun Brunswick Group Tel: +852-3512-5000

SOURCE Simcere Pharmaceutical Group
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