TAI'AN CITY, China, March 4 /Xinhua-PRNewswire-FirstCall/ -- China Biologic Products, Inc. (OTC Bulletin Board: CBPO) ("CBP," or "the Company"), one of the leading plasma-based pharmaceutical companies in the People's Republic of China ("PRC"), today announced that on February 29, 2008, it's common stock was approved for quotation on the Over-the-Counter Bulletin Board (the "OTCBB") maintained by the Financial Industry Regulatory Authority (FINRA).
"We are pleased to have our stock quoted on the OTCBB," said Mr. Stanley Wong, CEO of China Biologic Products. "This is an important milestone for us as we seek to expand our list of potential investors and increase both our liquidity and visibility in the market."
The Company's stock is now trading under the symbol CBPO.OB.
About China Biologic Products, Inc.
Through its indirect majority-owned subsidiary Shandong Taibang Biological Products Co. Ltd., China Biologic Products, Inc. (the "Company"), is principally engaged in the research, development, production and manufacturing and sale of plasma-based biopharmaceutical products to hospitals and other health care facilities in China. The Company's human albumin products are mainly used to increase blood volume and its immunoglobulin products are used for the treatment and prevention diseases.
Safe Harbor Statement
This release may contain certain "forward-looking statements" relating
to the business of China Biologic Products, Inc. and its subsidiary
companies. All statements, other than statements of historical fact
included herein are "forward-looking statements," including statements
regarding: the ability of the Company to expand its list of potential
investors and increase its liquidity and visibility in the market or
otherwise achieve its commercial objectives; the business strategy, plans
and objectives of the Company and its subsidiaries; and any other
statements of non-historical information. These forward-looking
|SOURCE China Biologic Products, Inc.|
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