When we founded Simcere on 28 March 1995, our vision was to establish a company that would in turn help create a healthier China. Since our founding, we have swiftly evolved from being a pure distributor of pharmaceutical products to become a leading manufacturer and supplier of drugs in the rapidly growing China pharmaceutical market. We now have six certified Good Manufacturing Practices ("GMP") manufacturing facilities, two nationwide sales and marketing subsidiaries, a research and development center and over 3,000 employees.
In recent years, we have continued to refine our strategy to focus on the development of first-to-market generic and innovative pharmaceuticals. We have introduced a first-to-market generic stroke management medication under the brand name Bicun, and an innovative anti-cancer medication under the brand name Endu. We currently manufacture and sell 39 principal pharmaceutical products and are the exclusive distributor of three additional pharmaceuticals that are manufactured by independent third parties but marketed under our brand. In addition, we have obtained approvals from the SFDA to manufacture and sell over 210 other products. In our research and development efforts, we concentrate on the treatment of diseases with high incidence and/or mortality rates and for which there is a clear demand for more effective pharmacotherapy. As of 31 March 2008, we had 12 product candidates in various stages of development, including treatments for cancer, cerebrovascular diseases, infections, rheumatoid arthritis, and nausea and vomiting associated with chemotherapy.