PLYMOUTH MEETING, Pa., Nov. 20 /PRNewswire-FirstCall/ -- BMP Sunstone Corporation (Nasdaq: BJGP) ("BMP Sunstone" or the "Company") today announced that its wholly-owned subsidiary, Sunstone (Tangshan) Pharmaceutical Co., Ltd ("Sunstone"), has signed an agreement to acquire "Runchang capsule," a liquid- filled hard capsule (LFHC) used to treat constipation. Sunstone will also receive the entire LFHC filling and sealing production line, as well as related LFHC technology from Darentang Pharmaceutical, which is a subsidiary of Tianjin Zhongxin Pharmaceutical Group Corporation Limited (SSE: 600329; SGX: TIAN). Upon completion of the transaction, BMP Sunstone will become the only current manufacturer of LFHC capsules in China. The Company plans to start promoting the Runchang capsule in the Chinese market in late 2009.
Zhiqiang Han, President and Chief Operating Officer of BMP Sunstone, commented, "The Runchang capsule is a natural plant-based medicine for the treatment of constipation. Compared with competing products on the market, the capsule specifically delivers the medicine to the colon area through its unique LFHC formulation. In addition, the Runchang capsule fits well into our current therapeutic focus in women's health, as women make up the majority of the demand in constipation market."
David Gao, Chief Executive Officer of BMP Sunstone, concluded, "Besides
acquiring an approved product, the acquisition will afford us the sole
proprietary ownership of LFHC technology in China. We plan to further utilize
the targeted-release technology to our existing products to enhance our
competitive position and, ultimately, our market share. We intend to fully
leverage our existing channels and sales platform to capitalize on the market
demand for constipation products, especially within the areas of women's and
|SOURCE BMP Sunstone Corporation|
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