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China In-Focus: China Medical Technologies Authorizes $30 Million Buyback

china_in-focus_225px-w_bwSeptember 21, 2009, 2009 (FinancialWire) — China Medical Technologies, Inc. (NASDAQ: CMED) board has approved a share repurchase program authorizing the company to repurchase up to $30 million worth of its outstanding American depositary shares for a period of one year, starting on October 1.

The company plans to fund repurchases made under this program from its available cash balance.

Beijing-based China Medical Technologies is a medical device company that develops, manufactures and markets in-vitro diagnostic products to detect and monitor various diseases and disorders.

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