Navigation Links
BMP Sunstone Reports Second Quarter 2008 Financial Results
Date:8/11/2008

he population needs treatment for the disease.

On July 7, 2008, BMP Sunstone announced that it received the New Business License for BMP Sunstone's establishment of an Enterprise with Foreign Investment in the People's Republic of China, from the Shanghai Administration for Industry and Commerce (SHAIC). With receipt of this license, BMP Sunstone completed the acquisition of 63.3 percent of Shanghai Rongheng Pharmaceutical Co., Ltd. (''Rongheng''). Through this acquisition, BMP Sunstone has gained direct coverage of 80 percent of the top-tier hospitals and 40 percent of the retail pharmacies in Shanghai.

On July 18, 2008, BMP Sunstone signed a non-binding letter of intent to acquire 75 percent of Zhangjiakou Shengda Pharmaceutical Co., Ltd (''Shengda'') for up to RMB 30.0 million (approximately $4.4 million). The Company expects to complete the transaction by the end of the fourth quarter of 2008. Terms of the acquisition are not yet finalized, as completion is subject to a number of conditions, including finalization of due diligence and definitive documentation. The Company intends to use the cash available at Sunstone to fund the acquisition. The letter of intent also includes a six month exclusivity clause.

Financial Outlook

The Company is raising its guidance for 2008 revenues from at least $96.0 million to a range of $110 to $120 million. This increase is attributable to the addition of Rongheng as well stronger than expected organic growth from our existing business. The Company is expecting to have non-GAAP net income of $4.0 million to $5.0 million. Our non-GAAP guidance of net income excludes stock based compensation, amortization related to the acquisition of Sunstone and Wanwei and debt discount amortization and issuance costs related to the $23 million debt issued in November 2007. The Company's financial guidance also excludes any potential or pending acquisitions, new product launches and profit sharing from Alliance BMP Li
'/>"/>

SOURCE BMP Sunstone Corporation
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9 10 11

Related biology technology :

1. BMP Sunstone Corporation Appoints Zhiqiang Han to President and Chief Operating Officer
2. BMP Sunstone Receives Import Drug License (IDL) from SFDA
3. BMP Sunstone Receives SFDA Acceptance for Enablex(R) Clinical Trial
4. MGT Capital Investments Reports Second Quarter 2008 Financial Results and Provides Update on Recent Developments
5. Halozyme Therapeutics Reports 2008 Second Quarter Financial Results
6. Pharmos Corporation Reports 2008 Second Quarter Results
7. ISTA Pharmaceuticals Reports Second Quarter 2008 Financial Results
8. Par Pharmaceutical Reports Second Quarter 2008 Results
9. AutoImmune Inc. Reports 2008 Second Quarter Financial Results
10. SCOLR Pharma, Inc. Reports Second Quarter 2008 Financial Results
11. Isis Reports Financial Results and Highlights for Second Quarter of 2008
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/18/2014)... , July 18, 2014  On ... highlighting AbbVie and Shire,s complementary fit and ... A copy of the infographic materials ... http://www.abbvieinvestor.com/phoenix.zhtml?c=251551&p=irol-disclaimer-documents In accordance ... a copy of this announcement will be ...
(Date:7/18/2014)... MA (PRWEB) July 18, 2014 Provia ... to its growing Advisory Board. Dr. Vaught has ... for over 20 years. As one of the ... Biological and Environmental Repositories - in 1999, he served ... is again president-elect. , In 2005, Dr. Vaught began ...
(Date:7/17/2014)... 17, 2014  Prana Biotechnology (NASDAQ: PRAN ... its clinical development program for Alzheimer,s disease. ... Neuroscience and Mental Health, The University of Melbourne, will ... EURO trials in his presentation at the Alzheimer,s Association ... The presentation is entitled: "How to ...
(Date:7/17/2014)... the design and development of new, more efficient solar ... Berkeley National Laboratory (Berkeley Lab) have developed the first ... model free of adjustable or empirical parameters for ... carriers are electrical charge carriers - electrons and holes ... thermal equilibrium. , "Hot carrier thermalization is a major ...
Breaking Biology Technology:NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION 2NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION 3NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION 4NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION 5NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION 6NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION 7Dr. Jim Vaught, Ph.D., Former Chief of BBRB, Joins Provia Laboratories as Advisory Board Member 2Dr. Jim Vaught, Ph.D., Former Chief of BBRB, Joins Provia Laboratories as Advisory Board Member 3Prana Alzheimer's disease Development Program update 2Prana Alzheimer's disease Development Program update 3Prana Alzheimer's disease Development Program update 4Prana Alzheimer's disease Development Program update 5First ab initio method for characterizing hot carriers 2First ab initio method for characterizing hot carriers 3
... Biotech Inc.,(TSX: ONC, NASDAQ: ONCY) (,Oncolytics,) reported ... group at The Institute of Cancer Research,London, ... characterizing immune,system responses to administration of intravenous ... paper, entitled "Characterization of the Adaptive and,Innate ...
... 17 OmniSonics Medical,Technologies, Inc., a developer of ... vascular disease, announced today that it has enrolled ... SONIC I is a prospective,multi-centered U.S. registry study ... undergoing percutaneous mechanical,thrombectomy of acute deep vein thrombosis ...
... ANGELES, March 17 Signalife, Inc. (Amex:,SGN - ... several formal,purchase and financial commitments with respect to ... These commitments have,come internationally, including in Japan, other ... Dr. Harmison, the Company,s President and CEO, ...
Cached Biology Technology:Oncolytics Biotech Inc. Announces Publication of Research on Immune Response to REOLYSIN(R) during a Phase I Clinical Trial 2First Patient Enrolled in SONIC I Registry of OmniSonics Medical Technologies' OmniWave(TM) Endovascular System 2Signalife Sees Accretive Purchase and Financial Commitments 2
(Date:7/21/2014)... Calif. A team of University of California, Riverside ... when placed under the grates of a backyard grill reduces ... during cooking. , The one-eighth inch thick steel carbon plate ... owned by cutting a slit into the grill to allow ... also be adopted by grill manufacturers who could sell new ...
(Date:7/21/2014)... Lgar,s team at the INRS nergie Matriaux Tlcommunications ... a spatial and temporal resolution greatly exceeding that ... a femtosecond laser source to shoot a molecular ... vinylidene. An article presenting the advancement was recently ... . , "The approach we developed combines ...
(Date:7/21/2014)... climate change, due to greenhouse gasses emitted by livestock. ... rise and that beef cattle are responsible for far ... It is published by Climactic Change . ... comes to climate change. It is released by vehicles, ... of greenhouse gas totals. But methane and nitrous oxide ...
Breaking Biology News(10 mins):Catching grease to cut grill pollution 2Climate: Meat turns up the heat 2
... brain assigns cells to participate in encoding and storing memories. ... a protein called CREB controls the odds of a neuron ... edition of Science reports the findings, which suggest a new ... other brain injury. , "Making a memory ...
... 2007, issue of the journal Neuron, published by Cell ... numerical information--both abstract quantities and their concrete representations as ... understanding how the brain processes quantitative information as well ... the brain develops in children. Such studies could aid ...
... protein protects human pancreatic cancer cells from being forced ... defenses against out-of-control cell growth, researchers at The University ... the March issue of Molecular Cancer Research. , The ... has been found by researchers at M. D. Anderson ...
Cached Biology News:UCLA/Toronto researchers unlock key to memory storage in brain 2Studies yield insight into the numerical brain 2Studies yield insight into the numerical brain 3Studies yield insight into the numerical brain 4Protein found to shield pancreatic cancer cells from self-destruction 2
... Clone/PAD: ZMD.257. Immunogen: Synthetic peptide derived ... human Connexin 36 protein This peptide ... to generate another Zymed polyclonal Connexin 36 ... with mouse Connexin 36. Reactivity: Mouse ...
Invitrogen's Calcium Phosphate Transfection Kit provides high-quality reagents to enable the introduction of DNA into tissue culture cells via calcium phosphate co-precipitation....
...
...
Biology Products: