Lotus Pharmaceuticals, Inc. (LTUS.OB) is a Chinese pharmaceutical company focused on the discovery, development, and marketing of medicine-based products around the world. The company intends to offer patients a way to manage afflictions and improve their quality of life. Lotus’ product offering includes both patented and generic pharmaceuticals, differentiating them from other major pharmaceutical companies in China.
Lotus has a strong medicine-based portfolio. The company is driven to find new innovative prescription medicines while still offering cost effective and high quality generic options. Lotus has had 14 new product approvals in China since the year 2000, and the company owns and operates 10 retail outlets in Beijing. The retail outlet stores handle Western and traditional drinking pieces and 5,000 different medical treatment facilities.
Lotus intends to expand its domestic market with proceeds from $3 million financed with a U.S. based investment fund. The company also plans to increase their sales and to acquire additional drugs for their 10 retail drug stores. In addition to sales, research is also a key factor with 12 projects in clinical development.
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