Tibet Pharmaceuticals, Inc. (NASDAQ: TBET), an emerging specialty pharmaceutical company engaged in the development, manufacturing and marketing of traditional Tibetan medicine in China, today announced the availability of the transcript for its third quarter 2011 earnings conference call, held on November 15th.
During the conference call Sally He, Tibet Pharmaceutical’s VP and Assistant to the Chairman, translated Chairman Hong Yu’s comments into English by stating, “Despite rising raw material costs, Tibet Pharmaceuticals maintained relatively high levels of revenue, with $8.6 million reported in the third quarter, and $1.6 million in net income. We remain optimistic about the long-term prospects of the pharmaceuticals sector as we seek to establish ourselves as a leading manufacturer and distributor of Tibetan medicine in China.”
During the conference call Tibet’s management team talked about the company’s portfolio of traditional Tibetan medicine products and full details surrounding its revenue and earnings numbers for the third quarter ended September 30, 2011.
Interested parties are encouraged to read the full transcript of the conference call, which is available at:
About Tibet Pharmaceuticals, Inc.
Based in Shangri-La County, Yunnan Province, China, Tibet Pharmaceuticals, Inc. (NASDAQ: TBET) is an emerging specialty pharmaceutical company engaged in the research, development, manufacturing and marketing of modernized traditional Tibetan medicines in China. With 190 employees and nation-wide distributors, the company develops both prescription and over-the-counter traditional Tibetan medicines that promote health in human respiratory, digestive, urinary and reproductive systems. Tibet Pharmaceuticals’ products are sold throughout China, with a majority of sales concentrated in the southern provinces, most notably Yunnan Province, where the company’s 52,000 sq. ft. GMP-certified manufacturing facilities are located. The access to key raw materials, not generally available outside the province, provides a significant advantage for Tibet Pharmaceuticals.
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