Zacks Equity Research Initiates Coverage on Sinobiopharma

Friday, November 20, 2009 General News J E 4
NEW YORK, Nov. 19 Zacks Equity Research hasinitiated investment research coverage on Sinobiopharma, Inc. (OTC BulletinBoard: SNBP) with an Outperform and six month target price of $0.80. Jiangsu,China-based SNBP, known domestically as Dong Ying Pharmaceutical Co. Ltd., isa fully integrated and high growth company engaged in the R&D, manufacture anddistribution of biopharmaceutical products. The company focuses primarily onthe development of anesthesia-assisted agents as well as antibiotics forpenicillin-allergic patients and cardiovascular-related products related tohigh blood pressure (commercial in October 2009). KuTai, SNBP's flagshipproduct is a first-to-market Cisatracurium Besylate injectable that serves asa low cost skeletal muscle relaxant used during pre-surgical and surgicalprocedures. The company holds five patents in Chiral PharmaceuticalIngredient Synthesis and Purification, and Molecular Packaging Formulation(see proprietary technology section) and has the longer-term ability to expandboth the breadth of its product line and market share through R&D partnershipswith Cornell University, Nanjing University, China Pharmaceutical University,and Nanjing Medical University.

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Founded in 1978 in Chicago, Zacks Investment Research, Inc. is one of thelargest independent investment research and consulting firms in the UnitedStates. With 30 years of experience, dedicated to providing clients with thehighest standards of services, Zacks has become an industry leader inproviding institutional and individual investors with the analytical tools andfinancial information necessary to the success of their investment process.

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SOURCE Sinobiopharma, Inc.


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