June 19, 2007: Pharmco International, Inc. announced today the planned launch of their Century line of vitamin and mineral products for market and sale in the People’s Republic of China.
The products, which are currently being submitted to the China State Food Supplement and Drug Administration for registration, are planned to launch in China in the back half of 2008. The products are to include the Century Multi-Vitamin Tablets and the Century Senior Multi-Vitamin Tablets.
“Asia, with mainland China in particular, is undergoing a major economic shift with consumers’ annual incomes increasing and information more readily available. With more disposable income, they are able to add other items to their monthly expenditures. Items that would otherwise be viewed as unnecessary. With more knowledge, they are making better buying decisions and determining that preventative medicine is quickly becoming a necessity. We at Pharmco are very happy to be able to bring new products to China for the betterment of the population.”
Pharmco has announced it is partnering with C&O Pharmaceutical Technology (Holdings) Limited, who went public on the Mainboard of the Singapore Stock Exchange in 1995. C&O has been in the healthcare market within mainland China for over 10 years and was a previous indirect vendor to Pharmco on previous products.
“The Century Series compliments our existing product portfolio well. We are pleased that Pharmco shares our optimism for the market and recognizes our years of experience and strong track record in distributing imported pharmaceutical products in China. We look forward to a mutually beneficial working relationship by growing together in China”, said Mr. Gao Bin, Executive Chairman of C&O.
“We, at Pharmco, are very excited to partner with C&O on our Century line of products. It has been our experience that partnering with knowledgeable, experienced, trustworthy companies is the key to success. That has been our goal for all of our markets and what has made our presence a success in mainland China. We will continue bring new, improved and cutting edge products to the population in China under the Century brand with the help of C&O in the very near term.”