Baiyun Mountain: Subsidiary received Vietnam drug registration certificate

Announcement from Baiyunshan: Guangzhou Baiyunshan Zhongyi Pharmaceutical Co., Ltd., a wholly-owned subsidiary, has received the registration certificate for Angong Niuhuang Wan issued by the Traditional Medicine Administration of the Ministry of Health of Vietnam. Zhongyi Pharmaceutical submitted a drug registration application to the Traditional Medicine Administration of the Ministry of Health of Vietnam on June 20, 2024. The main functions of Angong Niuhuang Wan are clearing heat, detoxifying, calming nerves, and opening the orifices. According to data from Mineweb, the sales revenue of Angong Niuhuang Wan by Zhongyi Pharmaceutical in 2024 was 156 million yuan. The total research and development expenses accumulated in drug research and development projects amount to approximately 32.7981 million yuan.