BEIJING
(Map)
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BEIJING, Nov. 9 /PRNewswire-Asia-FirstCall/ -- China Medical Technologies,
Inc. (the "Company") (Nasdaq: CMED), a leading China-based medical device
company that develops, manufactures and markets advanced in-vitro diagnostic
products, today announced that the Company has received approval for its
Leukemia BCR/ABL fusion gene detection FISH Probe (the "Leukemia BCR/ABL FISH
Probe") from the State Food and Drug Administration of China (the "SFDA").
The Leukemia BCR/ABL FISH Probe is a molecular diagnostic test kit that
uses DNA probes for accurate detection of Philadelphia translocation, which is
a specific chromosomal abnormality associated with chronic myelogenous
leukemia ("CML"), acute lymphoblastic leukemia ("ALL") and acute myelogenous
leukemia ("AML"). Philadelphia translocation is the result of a reciprocal
translocation between chromosomes 9 and 22. The translocation results in the
presence of a fusion gene which is created by juxtapositioning of a part of
the breakpoint cluster region ("BCR") gene from chromosome 22 to the Abelson
("ABL") gene on chromosome 9. CML, ALL and AML are some of the most common
types of leukemia, and detecting Philadelphia translocation is a critical
diagnosis and prognosis guidance for selecting different treatment protocols
for patients with CML, ALL and AML.
As of today, the Company has received SFDA approvals for all the major
FISH probes that the Company acquired as part of the FISH business in March
2007, which include HER-2 FISH Probe, Prenatal FISH Probe, Cervical Cancer
FISH Probe, Bladder Cancer FISH Probe and Leukemia BCR/ABL FISH Probe. The
FISH probes that the Company developed after its acquisition of the FISH
business in March 2007, such as the EGFR molecular diagnostic kits, Prostate
Cancer FISH Probe, Lymphoma FISH Probe, Sarcoma FISH Probe and FISH probes
related to other forms of leukemia, are either in the clinical trial stage or
under SFDA review.
"We believe we have become a leading developer and manufacturer of FISH
probes in China with the most comprehensive FISH probes for clinical screening,
diagnosis and prognosis," commented Mr.
Xiaodong Wu, Chairman and Chief
Executive Officer of the Company. "We believe our FISH probes will continue to
drive a healthy growth for our company by generating sustainable and recurring
revenue. We are also confident that our newly developed FISH probes will be
approved by the SFDA in the future on a timely basis."
About China Medical Technologies, Inc.
China Medical Technologies is a leading China-based medical device company
that develops, manufactures and markets advanced in-vitro diagnostic (IVD)
products using Enhanced Chemiluminescence (ECLIA) technology, Fluorescent in
situ Hybridization (FISH) technology and Surface Plasmon Resonance (SPR)
technology to detect and monitor various diseases and disorders. For more
information, please visit http://www.chinameditech.com .
Safe Harbor Statement
This press release contains forward-looking statements. These statements
constitute "forward-looking" statements within the meaning of Section 21E of
the Securities Exchange Act of 1934, as amended, and as defined in the U.S.
Private Securities Litigation Reform Act of 1995. These forward-looking
statements can be identified by terminology such as "will," "expects,"
"anticipates," "future," "intends," "plans," "believes," "estimates" and
similar statements. Such statements involve certain risks and uncertainties
that could cause actual results to differ materially from those in the
forward-looking statements. Further information regarding these and other
risks is included in the Company's filings with the U.S. Securities and
Exchange Commission, including its annual report on Form 20-F. The Company
does not undertake any obligation to update any forward-looking statement as a
result of new information, future events or otherwise, except as required
under applicable law.
For more information, please contact:
Winnie Yam
Tel: +852-2511-9808
Email: IR@chinameditech.com
