Renhuang Pharmaceuticals, a developer of botanical products, biopharmaceuticals and traditional Chinese medicines, has won a major one-year contract bid to supply its all-natural products to Guangzhou Military District.
The deal includes opening a supply channel that includes military hospitals and armed forces across many provinces in China.
Renhuang expects this new contract to generate additional revenues of approximately $0.6m in 2010 and $1.2m in 2011.
Renhuang has been given the green light to supply its plant-based Shengmai Granules (a gynecological medication), Tianma headache tablets and Siberian Ginseng series products to the Guangzhou Military District's medical purchasing department.
The Guangzhou Military District is one of the most important of China's military administrative regions and includes military hospitals and other medical facilities in Hubei, Hunan, Guangdong and Hainan provinces, and Hong Kong and Macau.