Dragon Announces Appointment of General Manager of Chinese Operations
May 04 2005 - 7:00AM
PR Newswire (US)
Dragon Announces Appointment of General Manager of Chinese
Operations VANCOUVER, May 4 /PRNewswire-FirstCall/ -- Dragon
Pharmaceutical Inc. (OTC BB: DRUG; TSX: DDD) today announced the
appointment of Mr. Xiaochun Zhang as the General Manager of the
Company's Chinese operations. As the General Manager of our Chinese
operations, Mr. Zhang is responsible for the overall operational
and sales and marketing management of the Pharma and Chemical
divisions. Such responsibilities will be extended to cover the
Biotech division after its relocation from its current location in
Nanjing city. Mr. Zhang has 20 years of expertise in large-scale
fermentation processes as a chemical engineer together with
operational experience with various Chinese and international
pharmaceutical companies. Prior to joining Dragon, Mr. Zhang was
the Deputy General Manager of Aurobindo Bio-pharma Co. Ltd. in
Datong, China, a subsidiary of one of the largest pharmaceutical
companies in India. Mr. Zhang started his career as an engineer in
the fermentation workshop in Zhangjiakou Pharmaceutical Co. Ltd.,
and became the Deputy General Manager of the company in 1997. In
the same year, Mr. Zhang was appointed as the General Manager of
GIST-Brocades Pharmaceutical Ltd., a joint venture in China between
Zhangjiakou Pharmaceutical Co. Ltd. and Netherlands' DSM, one of
the largest chemical companies in the world. Mr. Zhang holds a
Bachelor degree in chemical mechanical engineering from Hebei
University of Technology and is currently participating in an
Executive MBA program from the Helsinki School of Economics and
Business Administration. Mr. Zhang is based in our office in Datong
city, China. About Dragon Pharmaceutical Inc. On January 12, 2005,
Dragon completed the acquisition of Oriental Wave Holding Limited.
As a result of the acquisition, Dragon has transformed itself into
a diversified and growth oriented generic pharmaceutical company
with three key business units: (1) Pharma division for 44 generic
prescription, over-the-counter and sterilized bulk drugs; (2)
Chemical division for bulk pharmaceutical chemicals and
intermediates (Clavulanic Acid and 7-ACA, Abamectin); and (3)
Biotech division for recombinant drugs (EPO and G-CSF). The
Company, after the acquisition, has significantly increased the
size of operations and now has four manufacturing facilities in
China (three in Datong city and one in Nanjing city), approximately
1,800 employees, with over 1,200 sales representatives in China,
and approximately 55 key products in 86 different dosages and
presentations currently in the market. For further information
please contact: Dragon Pharmaceutical Inc. Garry Wong, CFA, IMBA
Telephone: +1-(604)-669-8817 or North America Toll Free:
1-877-388-3784 Email: Website: http://www.dragonpharma.com/ or
Renmark Financial Communications Inc. John Boidman : Sylvain
Laberge : Media - Cynthia Lane : Telephone: +1-(514) 939-3989
Website: http://www.renmarkfinancial.com/ This press release
contains forward looking statements. These statements are subject
to certain risks and uncertainties that could cause actual results
to differ materially from those anticipated in the forward looking
statement. Readers should not place undue reliance on forward
looking statements, which only reflect the view of management as of
the date hereof. The Company does not undertake the obligation to
publicly revise these forward looking statements to reflect
subsequent events or circumstances. Readers should carefully review
the risk factors and other factors described in its periodic
reports with the Securities and Exchange Commission. DATASOURCE:
Dragon Pharmaceuticals Inc. CONTACT: Dragon Pharmaceutical Inc.:
Garry Wong, CFA, IMBA, Telephone: (604) 669-8817, North America
Toll Free: 1-877-388-3784, Email: , Website:
http://www.dragonpharma.com/; Renmark Financial Communications
Inc.: John Boidman, ; Sylvain Laberge, ; Media: Cynthia Lane, ,
Telephone: (514) 939-3989, Website:
http://www.renmarkfinancial.com/
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