New York, USA-based specialty drug group Aoxing Pharmaceutical (NYSE Amex: AXN) said yesterday that its operating subsidiary in China, Hebei Aoxing Pharmaceutical, has received Good Manufacturing Practice (GMP) certification from the Chinese State Food and Drug Administration (SFDA) for the pre-treatment, extraction, tincture, and pill workshops, after a site inspection by SFDA.
The milestone marks the completion of the Lerentang Pharmaceutical Company's manufacturing facility relocation from Shijiazhuang to Xinle City, Hebei Province, the US firm noted. Aoxing Pharma has received government support for the relocation from Shijiazhuang City and Hebei Province, totaling $269,231 in the form of bank loan interest payment subsidies.
These facilities are expected to begin commercial production in mid-2011 and will enable Aoxing Pharma to supply all 11 of its licensed essential drugs to 29 provinces and municipalities in China (including military regions).
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