China Botanic Pharmaceutical Inc. (NYSE AMEX: CBP) announced that the Company was recently granted a new patent (Patent No: ZL 201010119871.7) on its advanced proprietary Schisandra Lignin Extraction Method.
The new patent grant followed a two year process of comprehensive evaluation conducted by the State Intellectual Property Office of the People’s Republic of China. SIPO completed a preliminary review of China Botanic’s patent application in May 2010. On July 4, 2012, the Company was granted the patent on its Schisandra Lignin extraction method and Schisandra-based products with market exclusivity for a period of 18 years. In addition to the new patent on its Schisandra Lignin extraction method, the Company also currently owns a patent on the extraction of effective ingredients of Siberian Ginseng and its preparation and application.
Research in China suggests that Schisandra is a wild plant with significant medical and health benefits. Schisandra has been found to prevent liver damage and is an effective sedative for treating insomnia and central nervous system depression. Additionally, research indicates Lignin compounds are a good source of powerful anti-oxidants with promising benefits in fighting major conditions, including HIV, cancer and high blood pressure. China Botanic’s proprietary Schisandra lignin extraction method enables the Company to obtain higher purity of lignin and remove impurities from the plant, resulting in extract with over 50% lignin, which may substantially enhance the efficacy of medicines produced from these compounds.
“We are pleased to receive the patent on our proprietary Schisandra Lignin Extraction Method, which positively reflects on our research capabilities to develop new medicines,” said Mr. Shaoming Li, Chairman and CEO of Renhuang Pharmaceuticals, Inc. “We at China Botanic are committed to enhancing our research and development potential and strive towards developing products that benefit our consumers and society. We believe securing patents on our products and technology strengthens our ability to market them effectively and deliver long term shareholder value. We will continue to execute on our intellectual property strategy and expand our patent portfolio.”