Aida Pharmaceuticals, Inc. Acquires High-Level Research Institute in the People's Republi... ( Acquisition Expected to Add New Dr...)

Aida Pharmaceuticals, Inc. Acquires High-Level Research Institute in the People's Republic of China

Date:3/27/2008

Acquisition Expected to Add New Drug Products to Aida Pharmaceuticals,

Inc.'s Product Line

SANTA MONICA, Calif., March 27 /PRNewswire-FirstCall/ -- Aida Pharmaceuticals, Inc. (OTC Bulletin Board: AIDA) today announced that it has signed two share transfer agreements to acquire a controlling interest in one of the leading microbiology research institutes in the People's Republic of China, Jiangsu Institute of Microbiology Co., Ltd. ("JSIM"). Aida Pharmaceutical's subsidiary, Hangzhou Aida Pharmaceuticals Co., Ltd. will be acquiring a 43% equity interest in JSIM from Jin'ou Medicine Co., Ltd. while Aida Pharmaceutical's other subsidiary, Changzhou Fangyuan Pharmaceutical Co., Ltd. will be acquiring a 55% equity interest in JSIM from Jiangyin Hi-tech Group. The transaction is expected to close shortly. After the completion of the acquisition, Jiangsu Institute of Microbiology Co., Ltd. will become an indirect subsidiary of Aida Pharmaceuticals. This acquisition is expected to add several new products to Aida Pharmaceutical's existing line of products, including several drugs that are undergoing clinical trials by the PRC's State Food and Drug Administration.

Mr. Jin Biao, Chairman and CEO of Aida Pharmaceuticals, noted, "We believe this acquisition will significantly strengthen the research resources of Aida Pharmaceuticals. We are proud to have JSIM join our group of companies and I believe the acquisition will fortify our mission to be an innovative pharmaceutical company in the People's Republic of China."

Jiangsu Institute of Microbiology Co., Ltd. is a national leader in microbiology with over thirty years of research history. JSIM, located in Wuxi City in Jiangsu Province, has over thirty scientists and engineers that have completed over 200 research projects. Over twenty research projects were developed as national-level key projects, as designated by the Chinese government. JSIM's research efforts have yi
'/>"/>

SOURCE Aida Pharmaceuticals, Inc.
Copyright©2008 PR Newswire.
All rights reserved

0

GOOD

Post Your Comments:

(Date:5/23/2013)... 2013 Ralph Huber, President of PHI ... management products and emergency survival kits would be on ... made at the quarterly executive board meeting on May 22nd. ... silence for the Oklahoma tornado victims and used the opportunity ... their emergency kits is paramount. “When disaster strikes,” he ...

(Date:5/22/2013)... Cambridge Semantics was one of just ... Day” on Capitol Hill, hosted by The Data ... others to showcase how innovative data management applications can address ... (DATA Act). , Originally introduced in 2011 by Committee ... Mark Warner (D-VA ), the DATA Act is ...

(Date:5/22/2013)... CANTON, Mass. and NEW ORLEANS ... commercial leader in the field of regenerative medicine, presented ... expert economists from Analysis Group (a leading health economics ... that diabetic foot ulcers (DFU) and venous leg ulcers ... The results of this research, which reveal annual ...

(Date:5/22/2013)... Earth, MN (PRWEB) May 22, 2013 ... Royal Medical Supplies Pty Ltd are pleased to ... Medical is the Australian and New Zealand distributor of ... Motorsport V8 Supercar Team participated in the Austin 400 ... has entered into an agreement that involves each car ...

Breaking Biology Technology:PHI Emergency Management on Announces Father's Day Specials All Emergency Survival Kits 2 Cambridge Semantics Underscores Need for Smart Data during “Data Demonstration Day” on Capitol Hill 2 Organogenesis Presents Findings from Groundbreaking Research Highlighting the Healthcare Resource and Economic Burden of Venous Leg Ulcers and Diabetic Foot Ulcers 2 Organogenesis Presents Findings from Groundbreaking Research Highlighting the Healthcare Resource and Economic Burden of Venous Leg Ulcers and Diabetic Foot Ulcers 3 Organogenesis Presents Findings from Groundbreaking Research Highlighting the Healthcare Resource and Economic Burden of Venous Leg Ulcers and Diabetic Foot Ulcers 4 Australian Distributor of Express Diagnostics Signs Sponsorship Agreement with V8 Supercar Team 2

[0] PHI Emergency Management on Announces Father's Day Specials All Emergency Survival Kits [0] Cambridge Semantics Underscores Need for Smart Data during “Data Demonstration Day” on Capitol Hill [0] Organogenesis Presents Findings from Groundbreaking Research Highlighting the Healthcare Resource and Economic Burden of Venous Leg Ulcers and Diabetic Foot Ulcers [0] Australian Distributor of Express Diagnostics Signs Sponsorship Agreement with V8 Supercar Team

... facility to support clinical development for ... lead drug candidate and other molecules, ... radiopharmaceutical company that designs, develops and,manufactures products to detect, ... completed commissioning its in-house manufacturing,capability to meet clinical trial ...

... (OTC Bulletin Board: YGYB) ("Yongye" or the "Company"),a leading ... in the People,s Republic of China, today announced its ... Second Quarter 2008 Highlights -- Revenue was ... quarter of 2007, and an ...

... 15 The backpack is a back-to-school,staple. In ... fashion accessory as,well. However, backpacks are a leading ... children and adolescents. As students head back to ... preventing,unnecessary backpack pain and injuries., The MCA ...

Cellectar, Inc. Begins GMP Production Yongye Biotechnology International Announces Second Quarter Results Minnesota Chiropractic Association Offers Backpack Safety Checklist

(Date:5/22/2013)... Declines in the biodiversity of pollinating insects and wild ... new study. , Researchers led by the University of ... found evidence of dramatic reductions in the diversity ... the 1950s and 1980s. , But the picture brightened ... national biodiversity losses among bees, hoverflies and wild plants. ...

(Date:5/21/2013)... A new analysis shows that the nation,s land ... enough algae to produce up to 25 billion gallons ... one-twelfth of the country,s yearly needs. , The findings ... that would be needed to grow significant amounts of ... were published in the May 7 issue of ...

(Date:5/21/2013)... Water Center today awarded 12 research grants, totaling ... protection efforts. , The two-year grants of up ... to track the remediation of harmful algae blooms; ... weedy plant invasions; study chromosomal damage in tree ... activities. , The grants were awarded to multidisciplinary ...

Breaking Biology News(10 mins):Encouraging signs for bee biodiversity 2 Encouraging signs for bee biodiversity 3 Going green: Nation equipped to grow serious amounts of pond scum for fuel 2 Going green: Nation equipped to grow serious amounts of pond scum for fuel 3 Going green: Nation equipped to grow serious amounts of pond scum for fuel 4 U-M Water Center awards $570K in Great Lakes restoration grants 2 U-M Water Center awards $570K in Great Lakes restoration grants 3 U-M Water Center awards $570K in Great Lakes restoration grants 4

[0] Encouraging signs for bee biodiversity [0] Going green: Nation equipped to grow serious amounts of pond scum for fuel [0] U-M Water Center awards $570K in Great Lakes restoration grants

... A University of Minnesota Medical School research team ... offer a novel approach to ease the chronic and ... Using a mouse model of SCD, Gupta and University ... animals that exhibited both musculoskeletal pain and temperature sensitivity, ...

... EAST LANSING, Mich. A Michigan State University researcher ... parkin may help nerve cells fight off damage from ... therapies for the degenerative ailment. John Goudreau, an ... Unit, believes parkin can rescue certain neurons from injury ...

... a broad effort to achieve breakthrough innovations in energy production, ... award of up to $122 million over five years to ... Innovation Hub aimed at developing revolutionary methods to generate fuels ... Artificial Photosynthesis (JCAP), to be led by the California Institute ...

Cached Biology News:UM researcher identifies novel treatment for pain in sickle cell disease 2 Specific protein may help neurons fix themselves in Parkinson's patients 2 California team to receive up to $122 million to develop method to produce fuels from sunlight 2 California team to receive up to $122 million to develop method to produce fuels from sunlight 3

UM researcher identifies novel treatment for pain in sickle cell disease Specific protein may help neurons fix themselves in Parkinson's patients California team to receive up to $122 million to develop method to produce fuels from sunlight

... CyScribe GFX Purification Kit, 24 reactions. ... Cy3- and Cy5-labeled cDNA.Optimized reagents are ... and purification.Flexible and optimized protocols can ... with either Cy3- or Cy5-labeled nucleotides.Reliable ...

NORMAL DONOR DONKEY SERUM...

... 301 Power Supply, 1. 300 V, ... or constant current modes.Single-unit increments in ... reproducibility.Suitable for submarine, mini vertical, and ... as semidry and mini tank blotting ...

B3-1...

Biology Products:

CyScribe Post-Labeling Kit with CyScribe GFX Purification Kit from GE Healthcare, formerly Amersham Biosciences Normal Donor Donkey Serum - 500mL from Biomeda Corporation EPS 301 Power Supply from GE Healthcare, formerly Amersham Biosciences Mouse Anti-Bovine collagen type IX Monoclonal Antibody, Unconjugated from Developmental Studies Hybridoma Bank