Navigation Links
BMP Sunstone Announces Exchange Offer of $10.7 Million of Outstanding Secured Notes
Date:1/21/2009

PLYMOUTH MEETING, Pa., Jan. 21 /PRNewswire-Asia-FirstCall/ -- BMP Sunstone Corporation (Nasdaq: BJGP) (''BMP Sunstone'' or the ''Company'') today announced the completion of the exchange of approximately $10.7 million in principal amount of the Company's outstanding 10.0% Secured Promissory Notes due May 1, 2009 (the ''Original Notes''), by issuing new 12.5% Secured Promissory Notes, due July 1, 2011, in the same principal amount (the ''New Notes'').

New Notes shall be convertible into common shares of the Company, in whole or in part, any time after May 15, 2009. The Conversion Price shall be equal to the lesser of $5.00 or 115 percent of the sale price per common share in a Qualified Offering, as will be further described in a Form 8-K to be filed by the Company.

David Gao, Chief Executive Officer of BMP Sunstone, commented, ''Today we have significantly increased our financial flexibility so that we can put cash to work to grow our business, integrate our recent acquisitions, launch new products and navigate effectively in China's dynamic healthcare marketplace. Our ability to extend the maturity on some of our outstanding debt, during these unprecedented capital market conditions, speaks to the belief our investors share in BMP Sunstone's long-term prospects."

Additionally, BMP Sunstone today announced financial guidance for the full year 2009. Revenue is anticipated to reach $150 to $160 million, and non-GAAP net income is projected to be between $10 million and $13 million. The Company reconfirmed that for the year 2008, revenue is expected to reach $110 to $120 million, and non-GAAP net income is expected to be in the range of $6.0 to $7.0 million.

David Gao, Chief Executive Officer of BMP Sunstone, stated, ''We expect 2009 to be another record year for our Company, with ove
'/>"/>

SOURCE BMP Sunstone Corporation
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3 4

Related medicine news :

1. BMP Sunstones Propess(R) Recommended as First Line Treatment By the Chinese Medical Association
2. BMP Sunstone to Report First Quarter 2008 Financial Results
3. BMP Sunstone Announces Participation in May Investor Conferences
4. BMP Sunstone Donates RMB 1.2 Million to Earthquake Relief
5. BMP Sunstone Reports First Quarter 2008 Financial Results
6. BMP Sunstone Announces Participation in June Investor Conferences
7. BMP Sunstone Announces Official Launch of Ferriprox in PRC
8. BMP Sunstone Completes Acquisition of Shanghai Rongheng Pharmaceutical Co., Ltd
9. BMP Sunstone Signs Letter of Intent to Acquire Shengda Pharmaceutical Co.
10. BMP Sunstone to Report Third Quarter 2008 Financial Results
11. HHS Announces $75 Million in Supplemental Funding to States for Pandemic Flu Preparedness
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/13/2014)... Wright & Schulte LLC has learned that the ... of 2015, in U.S. District Court, District of South ... process in the South Carolina federal court where ... multidistrict litigation (MDL). The complaints pending in the Louisiana ... that they took the statin medication to lower their ...
(Date:7/13/2014)... 2014 If Dr. Lawrence Power has his ... launched at http://www.HealthYourself101.com will expand people’s understanding of ... Power has set out to provide a health education platform ... – dare we say it? – entertaining to dig into ... to engage the remote learner – the solitary individual signing ...
(Date:7/12/2014)... (PRWEB) July 13, 2014 Recently, Fadhits.com, a ... collection of elegant long graduation dresses to its ... promotion for its loyal clients. It wants to bring more ... items are now offered at discounted prices, up to 72% ... company is always working hard. Its online shop is a ...
(Date:7/12/2014)... rise in the number of mobility devices around the ... suit the upsurge. Virtualization has become a growing trend ... The data traffic has increased by several folds with ... in larger and more complex networks. These global factors ... , The North American (NA) region is expected to ...
(Date:7/12/2014)... July 12, 2014 Demand Response Management ... considerable benefits in reducing the imbalance between energy supply ... appliances have been rolled out (due to increasing pressure ... (AMI). This helps in controlling residential appliances and thermostats ... in the North American region, and with government mandates ...
Breaking Medicine News(10 mins):Health News:Lipitor Lawsuits Move Forward With Scheduling Of First Bellwether Trial 2Health News:Lipitor Lawsuits Move Forward With Scheduling Of First Bellwether Trial 3Health News:Lipitor Lawsuits Move Forward With Scheduling Of First Bellwether Trial 4Health News:Retired Ann Arbor Physician and Professor Wields New Media to Teach Health Science 2Health News:Retired Ann Arbor Physician and Professor Wields New Media to Teach Health Science 3Health News:Retired Ann Arbor Physician and Professor Wields New Media to Teach Health Science 4Health News:New Collection of Long Graduation Dresses Revealed by Fadhits.com 2Health News:North America Software Defined Network (SDN) Market Worth $1,443.8 Million by 2019 - New Report by MicroMarket Monitor 2Health News:North America Software Defined Network (SDN) Market Worth $1,443.8 Million by 2019 - New Report by MicroMarket Monitor 3Health News:North America Software Defined Network (SDN) Market Worth $1,443.8 Million by 2019 - New Report by MicroMarket Monitor 4Health News:North America Software Defined Network (SDN) Market Worth $1,443.8 Million by 2019 - New Report by MicroMarket Monitor 5Health News:North America Demand Response Management System Worth $12,522.4 Million by 2019 - New Report by MicroMarket Monitor 2Health News:North America Demand Response Management System Worth $12,522.4 Million by 2019 - New Report by MicroMarket Monitor 3Health News:North America Demand Response Management System Worth $12,522.4 Million by 2019 - New Report by MicroMarket Monitor 4
... a first-of-its-kind pill to tackle heart diseases in the ... ,The company has teamed up with researchers ... the groundbreaking 'polypill' that combines four medicines including aspirin ... ,India records nearly 2.8 million deaths a year ...
... In Africa, malaria has rendered half a billion people ... is also grappling //with the largest number of HIV ... latest UN communiqué reported that 2 million people succumbed ... of Washington researchers have made a valid point in ...
... is remarkably similar to that of humans' and may hold ... of Central Florida professor Cristina Calestani and several colleagues have ... issue of Science. ,Sea urchins are small ... urchin has been used for many years as a research ...
... visitors' feet is turning into an intriguing experience at Singapore's ... spa fish, members of the garra rufa species, provide a ... the Underwater World attraction., ,The reflexologists massage the feet ... fish., ,It costs $22 for a 40-minute session for ...
... doctors predict schizophrenia, a mental disorder that affects one percent ... ,Researchers at the University of Edinburgh studied for 10 ... developing schizophrenia because two or more family members had already ... News said. ,The researchers analysed magnetic resonance imaging ...
... persons, Completely Blind, Mentally Retarded and Totally Deaf ... same person). Except Deaf & Dumb persons, concession ... Deaf & Dumb persons are eligible for concession ... granted in all Mail/Express and Super fast trains. ...
Cached Medicine News:Health News:Dr. Reddy's To Launch 'Polypill' For Treating Heart Disease 2Health News:The Deadly Duo – Why Malaria and HIV Coexist in Afric 2Health News:Sea Urchin Genome Similar To Man And May Cure Diseases 2
(Date:7/11/2014)... Research and Markets ( http://www.researchandmarkets.com/research/tjlw9k/immunoprotein ) ... Diagnostic Testing Market - Forecasts to 2019: Expected ... and is expected to be valued at USD ... http://photos.prnewswire.com/prnh/20130307/600769 ... segmented according to immunoprotein types which include immunoglobulins, ...
(Date:7/10/2014)... 11. Juli 2014  Dilon Technologies, ... die molekulare Bildgebung, einschließlich molekularer Bildgebung ... CE-Zulassung für sein Navigator ® -Gamma-Sondensystem ... das Produkt jetzt europaweit vertreiben. Dilon ... der europäischen Länder ausgedehnt und bereits ...
(Date:7/10/2014)... 2014 Yesterday, former Congressman Patrick ... manufacturing facility. Rep. Kennedy and Dick Moberg ... cutting-edge research in neurological disease and treatment. ... advocate, Garen Staglin , created One Mind, ... changes that will radically accelerate the development and ...
Breaking Medicine Technology:Immunoprotein Diagnostic Testing Market - Forecasts to 2019: Expected to grow at the highest CAGR of 6% and is expected to be valued at USD 4,943.0 million 2Dilon erhält CE-Zulassung für sein Navigator-Gamma-Sondensystem 2Representative Patrick Kennedy visits Moberg's medical device facility to discuss improvement in brain injury care 2
... Laboratories is a national reference laboratory and ... and development. ARUP offers an extensive test ... tests in clinical and anatomic pathology. Owned ... clients include more than half of the ...
... national reference laboratory and a worldwide leader ... offers an extensive test menu of highly ... and anatomic pathology. Owned by the University ... than half of the nation's university teaching ...
... national reference laboratory and a worldwide leader ... offers an extensive test menu of highly ... and anatomic pathology. Owned by the University ... than half of the nation's university teaching ...
... Laboratories is a national reference laboratory and ... and development. ARUP offers an extensive test ... tests in clinical and anatomic pathology. Owned ... clients include more than half of the ...
Medicine Products: