Navigation Links
China Biologic Products Completes Acquisition of 35% Interest in Xi'an Huitian Blood Products Co., Ltd.
Date:3/23/2009

TAIAN CITY, Shandong, China, March 23 /PRNewswire-Asia-FirstCall/ -- China Biologic Products, Inc. (OTC Bulletin Board: CBPO) ("China Biologic" or the "Company"), one of the leading plasma-based pharmaceutical companies in the People's Republic of China ("PRC"), announced that, its indirect majority owned subsidiary, Shandong Taibang Biological Products Co., Ltd. ("Taibang"), has completed the government approval process for the transfer of 35% of the equity interest in Xi'an Huitian Blood Products Co., Ltd. ("Huitian"), a biopharmaceutical company based in Xi'an, Shaanxi Province, to Taibang, for an aggregate purchase price of RMB 44,000,000 (approximately $6.44 million) in cash (the "Equity Transfer"). For details regarding the terms of the Equity Transfer see the current report on Form 8-K filed by the Company on October 16, 2008.

On January 15, 2009, Huitian received a certificate of approval (the "Certificate") from the provincial government in Shaanxi Province for the establishment of a foreign invested enterprise in China, which allows Huitian to operate as a Sino-foreign joint venture; and on March 17, 2009, Huitian, as a Sino-foreign joint venture, received business licenses from the Administration Bureau for Industry and Commerce in Xi'an, Shaanxi Province, to operate for 20 years.

    Expected benefits of the acquisition include:
    -- Increase in plasma supply and additional production capacity;
    -- Expansion into Shaanxi Province, which has had historically high
       collection volumes; and
    -- Creation of additional synergies by leveraging overhead and research
       and development spending.

"We are pleased to announce the completion of this acquisition, which will strengthen our competitive position in China's plasma-based biopharmaceutical industry," said Mr. Chao Ming Zhao, CEO of China Biologic Products. "We believe that the acquisition of Huitian will en
'/>"/>

SOURCE China Biologic Products, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3 4 5

Related biology technology :

1. China Bio Energy Reports Fourth Quarter and Record 2008 Financial Results
2. aTyr Pharma to Present at ChinaBio(R) Investor Forum in Hong Kong
3. Niusule Biotech Corp. Formally Establishes a New Venture to Import and Sell Health Foods in the Peoples Republic of China
4. China-Biotics, Inc. Appoints New Chief Financial Officer
5. China Medical Technologies Senior Management Purchased Company Shares
6. China Bio-Immunity Corporation - Rabies Vaccine Recall
7. China Medicine to Participate in 2009 Natural Products Expo West Trade Show
8. China Sky One Medical, Inc. Signs Exclusive Distribution Agreement with Shaanxi Buchang Group for Naftopidil Dispersible Tablets
9. Frontage Laboratories Continues to Grow Its China Business and Add Corporate Financial, Regulatory and Clinical Pharmacology Talent
10. Dow AgroSciences, China National Rice Research Institute Announce Collaboration on Rice Research
11. China Biologic Products High-Purity Human Albumin Research and Development Project to be Listed in the National Torch Plan
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/15/2014)... Reston, VA (PRWEB) January 15, 2014 ... education have continued their sponsorship of an annual competition ... interest in, and access to, innovative STEM study. The ... , TEAMS: Tests of Engineering Aptitude, Mathematics, and ...
(Date:1/15/2014)... ON (PRWEB) January 15, 2014 AudioNotch ... experimental new therapy for the treatment of tinnitus. Patients ... tinnitus frequency, and over a period of weeks to months, ... Sound Therapy in two forms: Notched Music and Notched White ...
(Date:1/14/2014)...  3D Communications, a leading provider of strategic communications services to corporations ... in the United States and ... , JD, is returning to the firm,s Washington, D.C. ... after more than two years of service as Associate Commissioner for ...
(Date:1/14/2014)... iLab Solutions, the leader in core facility management software, ... Strategy. In this role, Michelle will work with current and ... the development of iLab products. Her main goal will be ... the scientific community by offering the most advanced, user-friendly, and ...
Breaking Biology Technology:Technology Student Association Partners with Leaders in STEM Education Advocacy for Annual Competition 2Technology Student Association Partners with Leaders in STEM Education Advocacy for Annual Competition 3Technology Student Association Partners with Leaders in STEM Education Advocacy for Annual Competition 4Technology Student Association Partners with Leaders in STEM Education Advocacy for Annual Competition 5Former FDA Associate Commissioner Returns To 3D Communications 2iLab Solutions Announces Michelle Detwiler as the New Director of Product Strategy 2
... July 15 Amylin Pharmaceuticals,Inc. (Nasdaq: AMLN ) ... quarter of 2008 on Monday, July 21, 2008 at ... and Chief Executive,Officer, will lead the call. On the ... second quarter of 2008., The call will be ...
... Help Organizations ... Achieve Benefits of H.R. 6331, GREAT RIVER, ... enterprise-wide software and services for health and,human services organizations, today ... organizations understand electronic,prescribing and the new Medicare bill passed by ...
... Discussion on Benefits of Group Purchasing Organizations Hosted,by ... The American Society of,Healthcare Engineering (ASHE) offers ... years, annual conference is no exception. Added,to the ... leading global supplier of,indoor comfort systems and comprehensive ...
Cached Biology Technology:Amylin Pharmaceuticals to Webcast Second Quarter Results 2Netsmart Technologies Web Seminar Helps Behavioral Health Organizations Understand Electronic Prescribing and the Importance of New Medicare-Related E-Prescribing Legislation 2Netsmart Technologies Web Seminar Helps Behavioral Health Organizations Understand Electronic Prescribing and the Importance of New Medicare-Related E-Prescribing Legislation 3Healthcare Facility Managers Learn to Optimize Surgical Suites at 2008 ASHE Annual Conference 2Healthcare Facility Managers Learn to Optimize Surgical Suites at 2008 ASHE Annual Conference 3
(Date:7/10/2014)... organization funding cutting-edge, innovative research on Alzheimer,s disease ... degeneration, today announced the recipients of new research ... U.S. states, the District of Columbia, and five ... With these latest grants, BrightFocus has now provided ... 2014. , The research projects funded this year ...
(Date:7/10/2014)... Consuming a whole fresh avocado with either an ... A carotenoid (alpha- and beta-carotene) absorption and conversion of ... according to new research (1) published in ... Vitamin A is involved in reproductive health and growth ... and has antioxidant properties. Provitamin A carotenoids, like alpha- ...
(Date:7/9/2014)... Inflammatory diseases can occur simultaneously in distinct sites ... medication effective for one disorder may exacerbate the ... dexamethasone, which alleviates joint disease but can worsen ... issue of The American Journal of Pathology ... of anti-arthritic drugs, specifically DTrp8-ɣMSH (DTrp), that acts ...
Breaking Biology News(10 mins):BrightFocus Foundation announces 55 new grantees in Alzheimer's and vision research 2BrightFocus Foundation announces 55 new grantees in Alzheimer's and vision research 3New research: Fresh avocado enhances absorption of essential nutrients for healthy living 2New class of anti-arthritis drugs effectively treats multiple inflammatory diseases 2
... Introduce and Promote Technologies to APEC Delegates, SAN ... Board: TTNUF), a leading Biometric and security solutions,provider announced ... 7th,APEC (Asia-Pacific Economic Cooperation) Ministerial Meeting on,Telecommunication and Information ... 25. TELMIN 7 is being held in the aim ...
... A broad collaboration of research institutions in the U.S. and ... This draft, which spells out more than 90 percent of ... evolution of flowering plants. And because it involves a genetically ... detailed picture yet of the genetic changes that make the ...
... Brown University biologists shows that fruit flies live longer ... cells that create eggs and sperm. The work ... reproductive tissue directly control lifespan and metabolism in the ... of the National Academy of Sciences, also offers a ...
Cached Biology News:Titanium Group to Attend Regional ICT Meeting in Thailand 2Titanium Group to Attend Regional ICT Meeting in Thailand 3First draft of transgenic papaya genome yields many fruits 2First draft of transgenic papaya genome yields many fruits 3Eliminating germline lengthens fly lifespan, Brown study shows 2
... All MagCellect Ferrofluid products perform ... with R&D Systems MagCellect Magnet. ... this neodymium iron boron permanent ... x 75 mm test tubes ...
... 2'-O-Methyltransferase converts Cap 0 (or Cap 0-like) ... 1 structure has been shown to increase ... 50%. This improvement is seen in Cap ... Capping System as well as those Cap ...
Request Info...
Form: Ready to use Applications: Western Blot, ELISA...
Biology Products: