Navigation Links
China Biologic Products Enters Into Agreement to Acquire 35% Interest in Xi'an Huitian Blood Products Co., Ltd. and Introduces Preliminary Guidance for 2009
Date:10/16/2008

-- The acquisition will solidify China Biologic's position as the largest non-state-owned supplier of plasma-based pharmaceutical products in China -- Company provides preliminary guidance for 2009 of revenues of $90 to

$100 million and net income of $18 to 22 million

TAIAN CITY, Shandong, China, Oct. 16 /Xinhua-PRNewswire-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 on October 10, 2008, its indirect majority owned subsidiary, Shandong Taibang Biological Products Co., Ltd. ("Taibang"), entered into an agreement to acquire 35% of the equity interest in Xi'an Huitian Blood Products Co., Ltd. ("Huitian"), a biopharmaceutical company based in Xi'an, Shaanxi Province from Mr. Fan Qingchun (the "Shareholder"), a PRC citizen, for an aggregate purchase price of RMB 44,000,000 (approximately $6.44 million). The transaction is expected to be completed within two months.

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

-- Additional synergies by leveraging overhead and research and

development spending

-- Solidifies position as the largest non-state-owned producer of plasma-

based products in China

"We are excited about the potential of this acquisition to further strengthen our position in the plasma-based biopharmaceutical industry in China. Following our recently announced transaction to acquire a 90% controlling interest in Chongqing Dalin Biologic Technologies Co. Ltd. ("Dalin"), this will transform China Biologic into the largest non-state-owned producer of plasma based products in China," said Mr. Chao Ming Zhao, CEO of China Biologic Products. "We pl
'/>"/>

SOURCE China Biologic Products, Inc.
Copyright©2008 PR Newswire.
All rights reserved

0

GOOD

Page: 1 2 3 4 5

Related biology technology :

1. China Kangtai Cactus Biotech Files 2nd Quarter 2007 10QSB and Announces Unaudited Quarterly Results
2. China Biopharmaceuticals Holdings Announces Second Quarter 2007 Financial Results
3. China Medical Technologies to Participate in the Morgan Stanleys 2007 China Medical Corporate Day
4. China-Biotics, Inc. Signs Intention Agreement to Supply Probiotics to Bright Dairy & Food Co., Ltd.
5. China Technology Announces New Chief Financial Officer
6. China Medical Technologies Reports First Quarter Financial Results
7. China Medical Technologies to Participate in Credit Suisses 2007 Asian Technology Conference
8. China Technology Announces Entry to the Solar Energy Sector
9. China Sky One Medical Receives $1.5 Million Government Grant to Further Develop Six New Cancer Products
10. Kiwa Bio-Tech Named Recommended Brand by the China Green Food Association
11. China Kangtai Cactus Biotech, Inc. Announces Plans for New Product Launch

Post Your Comments:
*Name:
*Comment:
*Email:
(Date:11/24/2009)... approved the Promega PowerPlex 16 HS System for u...DNA records for the National DNA Index System. , ... The FBI recently approved the Promega PowerPlex&...pating in, or generating DNA records for, the Nati...ins more than seven million profiles and has assis...
(Date:11/24/2009)...24/PRNewswire-FirstCall/-HamiltonThorneLtd.(TSX-V:...advancedlasersystemsandinstrumentsforthestemcellre...tionalandfinancialresultsforthethirdquarterendedSe...1.46millioncomparedwith$1.43millioninQ32008,-Gross...nQ3,2008,-Netlossreducedto$148,000comparedto$283,0...
(Date:11/24/2009)...rstCall/--ArenaPharmaceuticals,Inc.(Nasdaq: ARNA )...atthePiperJaffray21stAnnualHealthCareConferenceonD...cTime)attheNewYorkPalaceHotelinNewYorkCity.JackLie...eduledtoprovideanoverviewofthecompany,includingits...veaudiowebcastofthepresentationwillbeavailableunde...
(Date:11/24/2009)...--HealthRoboticstodayannounced,thatithasformedanew....ThisrecentlyformedToronto-basedcompanywilloperate...t,install,andsupport,HealthRobotics,i.v.RoomoftheF...offeringsi.v.STATION(TM),i.v.SOFT(TM),andOMM(TM).,...nan"asneeded,basis"toitsstrategicpartnershipswithM...
Breaking Biology Technology:NDIS Approval of Promega PowerPlex Kit Clears Path for More DNA Profiles to be Added to U.S. Database 2Hamilton Thorne announces third quarter results 2Hamilton Thorne announces third quarter results 3Hamilton Thorne announces third quarter results 4Hamilton Thorne announces third quarter results 5Hamilton Thorne announces third quarter results 6Hamilton Thorne announces third quarter results 7Arena Pharmaceuticals to Present at the Piper Jaffray 21st Annual Health Care Conference 2Health Robotics Continues its Global Expansion With December 09 ASHP's Launch of Joint Venture in Canada 2
...partment of Cell and Developmental Biology, Univer...hia , , Abstract , To locate gene p...fferent muscle allotypes, a novel protocol was est...er types using histochemistry and immunohistochemi...ive isolation by laser capture microdissection whi...
...Microgenomic technologies enable expression array ...grated system of specialized separation techniques...and novel quality assurance checks is used in conc...om minute samples with confidence. This applicatio...-capture microdissected pure cell populations thro...
... • GPCR • receptor binding assay &... , In the mammalian brain, the cortico...ur CRF-related peptides (CRF and urocortin 1, 2, a...pes (CRF 1 and CRF 2 , which includes CRF 2 &alp...pes are positively coupled to adenylyl cyclase and...
Other Biology Technology:Laser Capture Microdissection of muscle fiber populations and expression analysis by RT-PCR 2Laser Capture Microdissection of muscle fiber populations and expression analysis by RT-PCR 3Laser Capture Microdissection of muscle fiber populations and expression analysis by RT-PCR 4Laser Capture Microdissection of muscle fiber populations and expression analysis by RT-PCR 5Laser Capture Microdissection of muscle fiber populations and expression analysis by RT-PCR 6Laser Capture Microdissection of muscle fiber populations and expression analysis by RT-PCR 7Laser Capture Microdissection of muscle fiber populations and expression analysis by RT-PCR 8Microgenomic Expression Profiling 2Microgenomic Expression Profiling 3Microgenomic Expression Profiling 4Microgenomic Expression Profiling 5Microgenomic Expression Profiling 6Microgenomic Expression Profiling 7Development of a CRF1 neuropeptide receptor binding assay using LEADseeker Multimodality Imaging System 2Development of a CRF1 neuropeptide receptor binding assay using LEADseeker Multimodality Imaging System 3
(Date:11/23/2009)...ATINew research presents strong evidence that the ...h outdoor traffic-related pollution and indoor end...ne or the other exposure alone. , Environmenta...i (UC) College of Medicine have shown that childre...articles and indoor endotoxin during early life ar...
(Date:11/23/2009)... Calif. -- More than 160 participants gathered thi...eck FUTURES INITIATIVE conference. This year,s top...ts, engineers, and medical researchers to explore ...rounding the emerging field of synthetic biology. ...ogy at Princeton University and this year,s confer...
(Date:11/23/2009)..., WI, November 16, 2009 -- A USDOE and USDA study ...idle cropland, and cropland pasture could be conve...ial grasses, such as switchgrass, from which bioma...ck. Economically viable production of a perennial ...s of biomass are removed annually is expected to r...
Breaking Biology News(10 mins):Exposure to both traffic, indoor pollutants puts some kids at higher risk for asthma later 2Synthetic biology offers new opportunities for interdisciplinary collaboration 2Switchgrass produces biomass efficiently 2Five Minute Survey Can Help Predict Lung Cancer 60507 1Asian Optical Retailers Upbeat about 2010 60503 1Asian Optical Retailers Upbeat about 2010 60503 2Asian Optical Retailers Upbeat about 2010 60503 3China Medical Technologies to Announce Unaudited Financial Results for the Second Fiscal Quarter Ended September 30 2009 on November 19 2009 60498 1China Medical Technologies to Announce Unaudited Financial Results for the Second Fiscal Quarter Ended September 30 2009 on November 19 2009 60498 2
... usually made from grain, but the U.S. Department ... materials that will be cost-effective alternative...lls. , A UWM professor recently helped DOE do just... break down cellulose, the major structural compon...oducts (including paper) and waste feedstocks. ,...
...limate Change report citing the detrimental loss ...ming echoes what many in the scientific community ...e University of Texas at San Antonio,s Department ...ir attention to the South Pole to find out if glob... Antarctic region. , UTSA Earth and Environmenta...
... a gene that optimizes their brain,s thinking circ...ophrenia, a severe mental illness marked by impair... of Health,s (NIH) National Institute of Mental He...emerged from the first study to explore the effect...r switch, DARPP-32. , The researchers identified ...
Other Biology News:McBride shows DNA detective work with paper-eating bacteria that 'glide' 2McBride shows DNA detective work with paper-eating bacteria that 'glide' 3UTSA researchers examine effects of global warming on Antarctic 2Common gene version optimizes thinking -- but with a possible downside 2
Rabbit Anti-Burkholderia pseudomallei Flagellin Polyclonal Antibody, Unconjugated from Abcam
Amido Black 10B, CI 20470 from Research Organics, Inc.
Calf Liver tRNA from Novagen
Anti-Acid Phosphatase, Potato Polyclonal Antibody, Unconjugated from CHEMICON
Biology Products: