China Medical vice president tops up

China Medical Systems executive vice president Chen Hongbin spent £33,000 on shares in the company on June 18, the pharmaceutical company announced today.

He bought 30,000 shares at 110p a time and now has around 2.06m shares, which is about 4.35% of the company. The purchase came after he bought 20,000 shares at the same price the previous day.

The share price has rallied since May, when Chen bought 7,500 shares at 95p each. The company's shares were trading at around 150p at the beginning of the year.

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China Medical, whose drugs include an injection to treat patients who have overdosed on opium, reported record sales of $51.7m in 2007. Pre-tax profits rose to $10.3m from $5.4m the previous year.

Top Director Buys

RM Group (RM.)

Director name: Mr Timothy Pearson

Amount purchased: 17,957 @ 196.20p

Value: £35,232

China Medical System Holdings (CMSH)

Director name: Mr Hongbing Chen

Amount purchased: 30,000 @ 110.00p

Value: £33,000

Asset Man IT (AMN)

Director name: Mr George A Robb

Amount purchased: 26,000 @ 121.50p

Value: £31,590

Canaccord Capital (CCI)

Director name: Dr Dr Michael Angus Walker

Amount purchased: 5,611 @ 441.06p

Value: £24,748

Newfound (NFND)

Director name: Mr John Morgan

Amount purchased: 250,000 @ 9.00p

Value: £22,500

Top Director Sells

Asset Man IT (AMN)

Director name: Mr George A Robb

Amount sold: 108,000 @ 121.50p

Value: £131,220

RM Group (RM.)

Director name: Mr Rob Sirs

Amount sold: 50,000 @ 195.40p

Value: £97,700

RM Group (RM.)

Director name: Mr Timothy Pearson

Amount sold: 18,300 @ 195.40p

Value: £35,758

Asset Man IT (AMN)

Director name: Mr George A Robb

Amount sold: 26,000 @ 121.50p

Value: £31,590