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Shanghai
SiniWest Pharmaceutical & Chemical Technology Co., Ltd. was
established by SiniWest Holdings, Inc. (U.S.A.) in October 1994
as wholly owned foreign enterprise (WOFE). Its main business scope
is to provide biopharmaceutical- and chemical-related technical
services such as consultation, licensing, investment and product
development.
With increasing
uproar of "return to nature" in the international arena,
natural medicine/nutraceutical market has experienced a huge expansion.
The shortcomings of chemical drugs are gradually being understood
by the public and attention being once again directed towards
botanical drugs used for thousands of years. In recent years,
natural medicine/nutraceutical market in the West is growing rapidly;
consumption is increasing at an average rate of 16% per annum.
At present, the annual global sales of natural medicines (including
traditional drugs of different countries) has reached US$14.5
billion, of which one half was sold in the European market. China
has a long history of using herbal medicines and possesses a collection
of traditional medical practices and herb use. Over the years,
TCM doctors have accumulated a wealth of clinical experience and
developed numerous effective ancient recipes as well as newly
approved formulae. Although China is a major botanical drug producer,
it only occupies 3% of the world natural medicine trade volume,
of which 65% are raw materials with low value and no more than
29% were exported to Western countries. The cause of this imbalance
lies in obsolete technologies in plantation, processing and manufacturing
that lead to poor production standards and unreliable product
quality. If China wishes to find an appropriate place in the world
natural medicine market, it must absorb advanced technologies,
raise production standards, enhance product quality, and increase
intrinsic value and profit margin.
To capture
this business opportunity, Shanghai SiniWest Pharmaceutical &
Chemical Technology Co., Ltd., in collaboration with Ancile Pharmaceuticals
of U.S.A., has invested a significant amount of human and financial
resources to establish a world-class research facility specializing
in natural product chemistry. Its technical team is consisted
of highly motivated, well-trained, experience-rich scientists
of different levels who also have complementary expertise or skill
sets. The strategy is to further develop certain TCM's with verified
clinical efficacies by application of advanced technologies and
enhanced quality standards. The end products would be more competitive
in the marketplace. While the company is strengthening international
cooperation and improving both hardware and software relative
to infrastructure, it is heavily engaged in TCM and synthetic
new drug research and development, preparation of natural product
standards, and structure elucidation of impurities contained within
drug substances to be exported.
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