“Response to our newly developed Toufeng Migraine tablet has been overwhelming; we decided our Go Global Initiative platform must immediately be expanded to include strategic alliances for this new revolutionary Toufeng Migraine tablet and other’s. Discussions with Herborium Group Inc. have been discontinued by CHRI,” said Mr. Jiayin Wang, Chairman and CEO of CHRI.
“The Company while protecting its Chinese operation franchise, is looking forward to significant expansion through new product introduction and commercialization in the USA and globally,” says Cynthia Bitting, Head of Strategic Alliances/Go Global Initiative.
“The Company has experienced strong growth each quarter and while protecting its high growth franchise is looking forward to continued expansion through new product introduction and development. Our franchise in our Chinese operations continues to be strong and demand for our products continues despite a general slowing in the Chinese economy.
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