AXM Pharma, Inc. (NYSE:AXJ)
Industry: Healthcare
AXM Pharma, Inc. (AXM) is a pharmaceutical and nutraceutical company engaged in the production, marketing and distribution of over the counter and prescription pharmaceutical products in the People's Republic of China. The Company has licenses to produce market and distribute drug products in various dosages and forms, as well as herbal remedies and vitamins and is manufacturing four drug products for sale in China. It conducts business in China through the wholly owned subsidiary, AXM Pharma (Shenyang) Inc. (AXM Shenyang). The marketed products include Asarone, Elegance, Livecomf and Lifegate. AXM Shenyang holds 42 licenses to produce over-the-counter and prescription pharmaceutical products in China. The Company has undertaken commercial sales of products under four of these licenses under approval from the State Food and Drug Administration of China (SFDA). Asarone Asarone is a tablet form of medication indicated as an anti-septic, anti-inflammatory, asthma reducing, including pediatric asthma, and coughs prevention medicine. In addition, Asarone has been used to treat slight and severe infantile pneumonia, child pneumonia, adult bacterial pneumonia, and chronic and acute bronchitis, which are symptoms of SARS. Separately, Asarone, in the form of an injectable solution, has been identified as one of eight experimental drugs for combating SARS. Elegance Elegance is a menstrual relief pH balanced lotion. Elegance is formulated with eight herbal extracts. The product is positioned as a therapeutic lotion to relieve vaginal itch, vaginal irritation and vaginitis. Livecomf LiveComf is a compound sulfur cream. Livecomf is used to alleviate dermatitis, seborrheica, scabies, acne and eczema. Lifegate LifeGate is an anti-fatigue capsule categorized as a functional food that is used for increased energy and vitality. The product is sold over-the-counter, addressing both the chronic and acute treatment requirements. The Company competes with Liuzhou Pharmaceutical Factory, Zhejiang Wenzhou Pharmaceutical Factory, Ying Kou Biochemical Pharmaceutical Factory and Yanfeng Pharmaceuticals.
As Of: 10/07 00:00 ET
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