Genex Pharmaceutical Inc (PK:GENX)

Business Focus: Advanced Medical Equipment & Technology

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Sector: Healthcare	Industry: Advanced Medical Equipment & Technology

Company Contact

Address:	1801 Guangyin Building Youyibeilu, Hexi District TIANJIN TNJ 300074
Tel:	N/A
Website:	N/A
IR:	N/A

Key People

Song Fuzhi Chairman of the Board, President, Chief Executive Officer	Zhang Shuli Chief Financial Officer, Treasurer	Sufen Ai Secretary

Business Overview

Genex Pharmaceutical, Inc. (Genex) was considered a development-stage company prior to June 17, 2004. Genex was a start-up, Internet-based fulfillment company with offices in Vancouver, British Columbia, Canada. On June 8, 2004, Genex entered into a share purchase agreement with Tianjin Zhongjin Biology Development Co., Ltd. (Zhongjin). On June 17, 2004, the stock purchase made pursuant to the share purchase agreement was consummated and Zhongjin became a wholly owned subsidiary of Genex. Zhongjin engages in the business of producing and distributing Reconstituted Bone Xenograft (RBX), which is considered a medical device that accelerates bone healing. Zhongjin solely markets its medical devices to hospitals in China. Zhongjin distributes its medical devices to more than 500 hospitals in 30 provinces throughout China. Zhongjin also markets its medical devices to medical device customers in China that are not hospitals.

Financial Overview

For the fiscal year ended 31 December 2007, Genex Pharmaceutical Inc revenues increased 33% to $3.2M. Net income decreased 45% to $343K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income was offset by Selling Expense increase of 53% to $1M (expense), Research & Development increase from $1K to $196K (expense).

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