China Aoxing Pharmaceutical Corp. Receives a New Injectable Drug Approval for Treating Ischemic Cerebrovascular Disease

NEW YORK, NY--(Marketwire - December 17, 2008) - China Aoxing Pharmaceutical Company, Inc. (OTCBB: CAXG) ("China Aoxing"), a China-based pharmaceutical company specializing in research, development, manufacturing and distribution of narcotic and pain-management products, today announced that its operating subsidiary in China, Hebei Aoxing Pharmaceutical Group Company, Ltd., received a new production license for Ligustrazine Phosphate Injection from the China State Food and Drug Administration ("SFDA") for treatment of ischemic cerebrovascular disease, or ischemic stroke.