Dragon Announces R&D Achievement in Biotech Manufacturing Process
31 Octubre 2007 - 5:00PM
PR Newswire (US)
VANCOUVER, Oct. 31 /PRNewswire-FirstCall/ -- Dragon Pharmaceutical
Inc. (TSX: DDD; OTCBB: DRUG; BBSE: DRP) today announced that its
biotech method for 7ACA production has been successfully
implemented on a new production line. Management believes this
achievement validates the Company's research and development
efforts to improve its manufacturing technology. This technology
would bring immediate benefits to production operations by
increasing production efficiency and by eliminating the use of
chemicals thus reducing our disposal costs and protecting the
environment. Further, we believe that the overall adoption of the
technology in our operations will reduce production costs which
would enhance the Company's competitiveness in global market.
Environmental protection issues are always challenging to the
chemical manufacturers. Investments in waste treatment can provide
solutions to comply with discharging regulations, but result in
relatively higher high costs. Our implementation of biotech
technology can assist in reducing this environmental waste. 7ACA is
a key product of the Company and the traditional chemical
manufacturing process involves the use of expensive solvents, toxic
and pollutant reactants such as methylene chloride,
N,N-dimethylaniline and trimethylchlorosilicane, which lead to
toxic wastes that are difficult to recycle and costly to be
properly discharged. Moreover, it must be operated under severe
temperature conditions (-40 degrees C to -60 degrees C) for complex
chemical reactions, and thus result in high energy costs. Under the
biotech method, enzymes will be used to catalyze reactions,
therefore eliminating the use of expensive solvents and toxic
reagents, leading to a considerable reduction in the waste
generation. In addition, the biotech process operates at moderate
temperature which consumes less energy. Dragon has been dedicated
to this biotech project since mid 2006 and has gone through trials.
Further, samples have been sent to customers with our customers
giving us confirmative feedback as to quality. The first commercial
production line has been put into operation in October 2007 with a
capacity of 10 tons per month, thus Dragon's total annual capacity
for 7ACA increases from 600 tons to 720 tons. The Company plans to
adopt this technology for all its 7ACA production. As encouraged by
this achievement, Dragon, as it always does, views research and
development as a vital driver of its business strategy and is
actively engaged in other major R&D activities, such as
cephalosporin C fermentation project. As fermentation technology is
one of the key factors that affect the costs and quality of its
products, Dragon has established long term collaborations with East
China University of Science and Technology to improve fermentation
yield. This project has been listed as a key project under China
National High-tech R&D Program - one major task of which is to
develop strategically important technologies for biological and
pharmaceutical industries during China's 10th Five-year Plan
period. Currently, project team members are already in the critical
stage of raw materials substitution test, bacteria selection test
and fermentation process optimization. This press release contains
forward looking statements, including but not limited to, that the
Company will continue to be able to improve its technology and
product quality. These statements are subject to certain risks and
uncertainties that could cause actual results to differ materially
from those anticipated in the forward looking statements. Readers
should not place undue reliance on forward looking statements,
which only reflect the views of management as of the date hereof.
The Company does not undertake the obligation to publicly revise
these forward looking statements to reflect subsequent events or
circumstances. Readers should carefully review the risk factors and
other factors described in its periodic reports filed with the
Securities and Exchange Commission. CONTACT: Dragon Pharmaceutical
Inc., Maggie Deng, Telephone: (604) 669-8817 or North America Toll
Free: 1-877-388-3784, Email: , Website:
http://www.dragonpharma.com/ DATASOURCE: Dragon Pharmaceutical Inc.
CONTACT: Dragon Pharmaceutical Inc., Maggie Deng, Telephone: (604)
669-8817 or North America Toll Free: 1-877-388-3784, Email: ,
Website: http://www.dragonpharma.com/
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