HMMMM CMED not much volume may not run today. CYD looks much better as it is coming back in this weak market needs some volume as there is not much stock for sale.
Results 1 to 5 of 5
HMMMM CMED not much volume may not run today. CYD looks much better as it is coming back in this weak market needs some volume as there is not much stock for sale.
Todays hot chinese stock is
News just out sweet----
Press Release Source: China Medical Technologies, Inc.
China Medical Technologies Successfully Develops Two HIV Diagnostic Reagents
Wednesday October 11, 11:53 am ET
The Research That Led to the Development of the Two HIV Diagnostic Reagents Was Chosen by the PRC Ministry of Health as One of Its Sponsored "Innovative Research Projects on AIDS Prevention and Treatment in 2006"
BEIJING--(BUSINESS WIRE)--China Medical Technologies, Inc. (the "Company") (NASDAQ: CMED - News), a leading China-based medical device company that develops, manufactures and markets high intensity focused ultrasound products and advanced in-vitro diagnostic systems, today announced that it has successfully completed the development of two HIV diagnostic reagents (the "HIV reagents") using chemiluminescence immunoassay technology for both HIV initial screening and HIV definitive diagnosis. The PRC Ministry of Health has chosen the Company's research that led to the development of the HIV reagents as one of its sponsored "innovative research projects on AIDS Prevention and Treatment in 2006".
ADVERTISEMENT
Currently, commonly-used HIV diagnostic tests in China include rapid screening technologies such as Enzyme-Linked ImmunoSorbent Assay ("ELISA") for initial screening, and using other technologies with higher specificity such as Western Blot for definitive diagnosis after the initial screening.
There are approximately 3,800 accredited HIV initial screening labs and 57 Center for Disease Control ("CDC") HIV definitive diagnostic labs in China. Positive HIV samples identified by the screening labs must be verified by one of the definitive diagnostic labs. The Company believes that the introduction of the HIV reagents will enable the screening labs to perform more accurate diagnosis in the future, which will help China further strengthen AIDS prevention and treatment efforts.
The Company recently submitted an application to register the reagents with the State Food and Drug Administration of China (the "SFDA") after a large sample clinical trial had been completed. Under normal circumstances, the SFDA would take approximately 12 months to complete the approval process. The Company has been advised that its application for the HIV reagents is entitled to a fast track approval process and expects to obtain the relevant approval in less than 12 months.
About China Medical Technologies
CMED coming back to 26 on heavy volume. Small float could run
Today could be the day it takes off. Take a good look at that news that i posted from china. A few months ago XING said they will do---Qiao Xing Universal sees FY06 sales up 30% to $463 mln. Im hearing that they sold $40-$50 million dollars on these new phones in just 3 days now i don't know if this is true but if it is that is huge for a company that said they will do $463 for 2006. I do know for a fact that xing's phones have shown up on ebay and are selling. This is the part of the story that caught my eye--In this year's July Qiaoxing announced the formal launch of new products obtained a license to develop the mobile phones, 25 mobile phone coming to market after three days, Qiao Xing mobile phone dealers meeting triggered a chain reaction of the domestic mobile phone market, "the market is too strong and will wait to discuss cooperation dealers, only three days on a measly 400 million.
