3SOF

TCM - Tongjitang Chinese Medicines

DETAILS  
Index Membership: N/A
Sector: Healthcare
Industry: Biotechnology
Full Time Employees: 1,654


BUSINESS SUMMARY  
Tongjitang Chinese Medicines Company focuses on the development, manufacture, marketing, and sale of modernized traditional Chinese medicines. Its primary product, Xianling Gubao, is the traditional Chinese medicine for the treatment of osteoporosis. The company also manufactures and markets a portfolio of 10 other traditional Chinese medicines, including Zaoren Anshen Capsules, an OTC medicine for treating insomnia; and moisturizing and anti-itching capsules, an over-the-counter medicine for treating inflammatory skin conditions. Its product development pipeline includes potential uses of its existing products for additional medical indications and a number of new product candidates that are intended to address the medical needs in the therapeutic areas of women?s health, mental health, and dermatology. The company sells its Xianling Gubao and other products exclusively through third-party distributors, who resell the products to hospitals and retail pharmacies in China. Tongjitang Chinese Medicines Company was founded in 1995 and is headquartered in Shenzhen, China.

http://stockcharts.com/h-sc/ui?s=TCM&p=D&b=5&g=0&id=p94474910544

I like TCM. The financials look great too. But it's been trading funny since its IPO. I'd watch a bit longer on this one.

Quote from: ramlau on May 18, 2007, 12:02:50 AM
I like TCM. The financials look great too. But it's been trading funny since its IPO. I'd watch a bit longer on this one.

It's been behaving very bullishly recently, whaddaya think?

If I'm not mistaken, they made 6 cents per share in the first quarter of the year. Something just doesn't sound right...

Yeah, you always have to be leery of these recent IPO's and the dilution factor. I'm really, really interested in SXE, but it has also had some strange (probably just cautious, like me) trading in it. Only have a small position. Check it out if you have a chance and let me know what you think. I started a thread for it awhile back. Happy trading.

TCM...finally getting going.   

8:04AM Tongjitang Chinese Medic receives proposal to acquire all outstanding for $10.25 per ADS (TCM) 6.59 : Co announces that it had received a letter dated March 9, 2008, proposing to acquire all of the outstanding ordinary shares of the co in a scheme of arrangement transaction under Cayman Islands law that would result in the co becoming privately-held. The proposal is from Mr. Xiaochun Wang, chairman of the board of directors and chief executive officer of the co, and Mr. Yongcun Chen, a director of the co. Mr. Wang and Mr. Chen propose to pay US$2.55 in cash for each outstanding share of the Company (or US$10.20 per ADS).