AXM Pharma, Inc.

AXM Pharma awarded $1.2M grant from Chinese government

Published in Lab Business Week, April 9th, 2006

AXM Pharma, Inc., (AXJ) a manufacturer of proprietary and generic pharmaceutical and nutraceutical products for the Chinese and other Asian markets, received notification from the Shenyang government that it has been approved for a 10 million RMB grant, worth approximately $1.2 million.

The proceeds are expected to be available to the company in 3 to 5 months. The proceeds are expected to be used to expand existing operations as well as for working capital and other general corporate purposes.

"We are pleased that the Shenyang Municipal Government has recognized the important role that our operations play in the local economy by granting us this...

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Source: Lab Business Week (2006-04-09)

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