June 20, 2007 -- China Sky One Medical, Inc. has received a three-year grant from the Government of Harbin, the city in which it is located, for being an “Innovative Enterprise.” The grant was awarded by the city to ten companies that use new technology. The grant will pay RMB 4 million ($512,000) annually for the next 3 years. China Sky One Medical, which will use to money to underwrite its R&D efforts, makes and distributes pharmaceutical, medicinal and diagnostic products in China. It was the only consumer healthcare company to receive an award. More details...
