Shandong Taibang Biological Products earns GMP certification for new production facility

Dec 23 2014

China Biologic Products, Inc. (NASDAQ: CBPO, "China Biologic" or the "Company"), a leading fully integrated plasma-based biopharmaceutical company in China, today announced that its majority-owned subsidiary, Shandong Taibang Biological Products Co. Ltd., has received Good Manufacturing Practices ("GMP") certification from the China Food and Drug Administration (the "CFDA") for its new coagulation factor production facility. As previously disclosed in the Company's public filings, the CFDA inspected this new facility for GMP compliance in June 2014.

This new facility will primarily be used to produce plasma-derived prothrombin complex concentrate, factor VIII and various other coagulation factors in the pipeline. This new facility has the capability to produce multiple coagulation factors concurrently and on a larger scale compared with the Company's existing production facilities.The Company expects to begin commercial production at this new facility immediately.

Mr. David (Xiaoying) Gao, Chairman and Chief Executive Officer of China Biologic, commented, "We are pleased to receive our GMP certificate and be able to launch operations in our newest production facility. Once operational, this new facility will increase our overall production capacity and enable us to continue to meet the growing demand for plasma-based products in China. We anticipate that our new facility will have a positive impact on our 2015 financial results."