Navigation Links
China Biologic Products Responds to Allegations on Financial Websites
Date:1/27/2010

ices, to conduct a general independent investigation into the background of the Company's officers, directors and control persons, and no misconduct was found. The Company believes that this is an attempt to discredit the Company's management and disrupt the Company's business and operations.

After consultation with legal counsel and the members of the audit committee, the Board of Directors has established a special independent subcommittee comprised of audit committee chair, Mr. Sean Shao, and independent director, Dr. Tong Jun Lin, to investigate the additional allegations and report back to the Board of Directors. The subcommittee has also been authorized to seek out and retain a reputable international firm to assist in the investigation and report its findings to the subcommittee as soon as practicable.

"The Board takes these allegations seriously and plans to thoroughly investigate these issues using an independent third party," said Mr. Sean Shao, Chairman of China Biologic's audit committee. "We remain dedicated to providing the highest standards of oversight and governance to our shareholders and will work diligently to conclude the investigation in a timely manner."

The article also speculates on the recent departure of one of the Company's independent directors, Dr. Jie Gan, who resigned in mid January. As disclosed in the Company's SEC filings, Dr. Gan's resignation was not because of any disagreement with the Company on any matter relating to the Company's operations, policies or practices. Rather, Dr. Gan's personal and professional activities occupied an increasing amount of her time and in the end, she decided that it would be in the best interest of the Company and its shareholders if she were to resign and have someone else appointed to her position. The Company is activel
'/>"/>

SOURCE China Biologic Products, Inc.
Copyright©2010 PR Newswire.
All rights reserved

Page: 1 2 3 4 5

Related biology technology :

1. China Yongxin Pharmaceuticals Plans to Open Eighteen New Stores in 2010 to Further Expand Customer Base and Increase Market Share
2. China YCT International Group, Inc. Announces That the State Intellectual Property Office of the Peoples Republic of China has Approved a Patent to its Operating Subsidiary, Shandong Spring Pharmaceutical Co. Ltd.
3. China Yongxin Pharmaceuticals Opened Three New Stores in 2009 and Expanded Customer Base
4. China Yongxin Pharmaceuticals Projects Higher Net Income and EPS on Reduced Revenue for Full-Year 2009
5. China Cord Blood Corporation Announces Partial Exercise of Over-Allotment Option
6. Sinovacs CEO Weidong Yin Presented with Annual Innovation Award by China Central Television
7. American Oriental Bioengineering Announces the Inclusion of 158 Drugs in Chinas National Insurance Catalog
8. China Sky Medical, Inc. Has 30 Medicines that will Be Included in Chinas National Insurance Directory
9. China Biologic Products to Ring NASDAQ Opening Bell
10. Simcere Announces 105 Drugs Included in Chinas National Drug Reimbursement List
11. Pharma and Biotech Leaders to Converge in China at Asia Pharma R&D Leaders 2010 Summit
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/10/2014)... Robert Harman, DVM, Founder and CEO of ... to announce the relaunch of his highly informative blog, now ... called “ What are Stem Cells ?” Dr. Harman’s ... foundation in the basics of stem cell therapy so that ... type of treatment when considering regenerative medicine. , A veterinarian ...
(Date:7/10/2014)... QC (PRWEB) July 10, 2014 EvoDerma ... and convenience. This rejuvenating device now comes with a second ... develops over time. , The new cup is thinner on ... design works to target rough, thin and uneven surfaces on ... firm cup for a stimulating treatment on areas such as ...
(Date:7/10/2014)... Ind. , July 10, 2014 /PRNewswire/ ... its use of capnography for respiratory monitoring ... group of healthcare leaders in embracing state-of-the-art ... how effectively patients are breathing and can ... occurs. By measuring the amount of carbon ...
(Date:7/10/2014)... DALLAS , July 10, 2014  Kainos Capital, ... consumer brands, today announced that it has acquired the ... stake in the business. Terms of the transaction were ... loss and meal replacement business that markets ready-to-drink shakes, ... North America and in the ...
Breaking Biology Technology:Robert Harman, DVM Talks About What Stem Cells are in His Latest Blog Series for Vet-Stem, Inc. 2Robert Harman, DVM Talks About What Stem Cells are in His Latest Blog Series for Vet-Stem, Inc. 3Introducing a New Bonus Treatment Cup for EvoDerma’s NOOME Anti-Aging Motion 2Franciscan St. Anthony Health-Crown Point Underscores Patient Safety Commitment Through Expanded Use of Capnography 2Kainos Capital Acquires Slim-Fast From Unilever 2
... Madison, Wis. — To find the catalyst for ... years including the nation's astounding 26 percent gain ... and incentives, says University of Wisconsin Business School Dean ... productivity gains, well the responsibility clearly lies with information ...
... view of the planned Interdisciplinary Research Complex. Courtesy of ... Group. Madison, Wis. The Oscar ... of planned medical research facilities on the University of ... to build. , ,Called the Interdisciplinary Research Complex, the ...
... has installed its first volume computed tomography scanner, which takes ... cardiologist. , ,Round Rock Cardiology in Texas will use GE's ... GE said the scans take less time than five heartbeats. ... a three-dimensional view. , ,The scanner entered general clinical use ...
Cached Biology Technology:IT is critical for economic growth, says UW business dean 2IT is critical for economic growth, says UW business dean 3IT is critical for economic growth, says UW business dean 4
(Date:7/11/2014)... 11, 2014 The increased risk of kidney injury ... resuscitation fluids reflects the mass of HES molecules, according ... official journal of the International Anesthesia Research Society (IARS). ... harmful effect of HES on cultured human renal proximal ... Christian Wunder and colleagues of University Hospital Wrzburg, Austria. ...
(Date:7/11/2014)... that under the normal circumstances, astrocytes participate ... neuronal environment, and exhibit therapeutic and repairing ... Previous studies have found that nerve cells ... induction have reduced viability, which produces influences ... Yuan, Kailuan General Hospital, Hebei United University, ...
(Date:7/11/2014)... that let nerve cells send out electrical signals, Johns ... tactic that may offer a new way to protect ... responsible way. , Their findingthat naturally occurring insect ... for a closely related onesuggests that insecticides can be ... like bees. A summary of the research, led by ...
Breaking Biology News(10 mins):In lab studies, hydroxyethyl starch has direct harmful effects on kidney cells 2Potent spider toxin 'electrocutes' German, not American, cockroaches 2Potent spider toxin 'electrocutes' German, not American, cockroaches 3
... KNOXVILLE -- Birds are commonly thought of as being ... mate for life. Yet, in most bird species, some ... tending the nest. Why would a bird invest ... seem to provide no evolutionary advantage? Many scientists are ...
... In 1996, an international team of scientists led by ... paleontological survey in the cave of El Mirn. Since then ... bones and teeth of small vertebrates that lived in the ... of the Quaternary. The richness, great diversity and good conservation ...
... A new study has identified a specific class ... babies vulnerable to Sudden Infant Death Syndrome (SIDS), because ... at McMaster University, exposure of the fetus to nicotine ... oxygenknown as hypoxiawhich may result in a higher incidence ...
Cached Biology News:Biologists consider unifying framework to explain evolutionary puzzles 2Cantabrian cornice has experienced seven cooling and warming phases over past 41,000 years 2Simple drug treatment may prevent nicotine-induced SIDS: Study 2
...
...
...
DryStrip aligners, 4. Category: Electrophoresis Systems & Standards & Reagents, IEF & SDS-PAGE & 2-D Electrophoresis, Multiphor II Kits & Components and Accessories....
Biology Products: