TPI Provides Progress Updates on its GMOL Flagship Product
Tianyin Pharmaceutical Co., Inc. (NYSE: TPI) today provided updates on the sales expansion of TPI's flagship product: Gingko Mihuan Oral Liquid or GMOL (SFDA: H20013079), a prescription medicine that is used by physicians for cardiovascular conditions such as stroke, coronary heart diseases, angina, etc. (additional information: www.sfda.gov.cn, (Chinese version); or http://baike.baidu.com/view/3029034.htm). GMOL contributes approximately 50% of TPI's core product portfolio that consists of GMOL, Apu Shuangxin Granules (Apu), Azithromycin Tablets (Azi), Xuelian Chongcao (XLCC) and Qingre Jiedu Oral Liquid (QR) and approximately 30% of TPI's total revenue.
Under the ongoing healthcare reform policy that favors the sale of products that are listed in the Essential Drug List (EDL) in China, the national or provincial EDL listing could substantially support the market development of these products. GMOL has been recently selected as an EDL drug in both Henan province and Shandong province (with combined population of approximately 200 million) EDL provincial supplementary lists. The EDL status grants a full insurance coverage or 100% government reimbursement for patients.
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