Navigation Links
BMP Sunstone Compliance Receives Nasdaq Notice
Date:5/1/2009

PLYMOUTH MEETING, Pa., May 1 /PRNewswire-Asia-FirstCall/ -- BMP Sunstone Corporation (Nasdaq: BJGP; "BMP Sunstone" or the "Company") today announced that on April 29, 2009, it received a letter from the staff of The Nasdaq Stock Market LLC indicating that the Company had violated the shareholder approval rules under Listing Rule 5635(d)(2) in connection with the Company's sale of 574,687 units, each consisting of two shares of the Company's common stock and one warrant, on February 13, 2009; $7,000,000 of 12.5% subordinated convertible notes on March 13, 2009; and $6,350,000 of 12.5% secured convertible notes on March 16, 2009.

The Company regained compliance after amending the terms of the 12.5% subordinated convertible notes, and its related indenture, so that the subordinated convertible notes may not be converted into the Company's common stock in violation of Listing Rule 5635(d)(2). As a result, the staff of The Nasdaq Stock Market LLC determined that the Company has regained compliance and that, with this press release, the matter is now closed.

About BMP Sunstone Corporation

BMP Sunstone Corporation is a specialty pharmaceutical company that is building a proprietary portfolio of branded pharmaceutical and healthcare products in China. Currently this portfolio includes eight products under exclusive multi-year licenses for China, primarily focused on women's health and pediatrics. The Company also owns Sunstone Pharmaceutical Co. Ltd., which manufactures leading pediatric and women's health products, including two of China's most recognized brands, "Hao Wawa" and "Confort," sold through approximately 120,000 pharmacies in China. The Company also provides pharmaceutical distribution services through its subsidiaries in Beijing and Shanghai, and through its affiliate, Guangzhou Pharmaceuticals Corp. The Company has its main office in Beijing, with a US office in Plymouth Meeting, PA. For more information, please visit www.bmpsunstone.com.


'/>"/>
SOURCE BMP Sunstone Corporation
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. BMP Sunstone Appoints Les R. Baledge to Board of Directors
2. BMP Sunstone Exchanges and Calls Outstanding Notes Due May 2009
3. BMP Sunstone Reiterates Commitment to Quality, Innovation and Long-Term Growth at Meeting with Senior Officials
4. BMP Sunstone Announces Exchange Offer of $10.7 Million of Outstanding Secured Notes
5. BMP Sunstone to Report Third Quarter 2008 Financial Results
6. BMP Sunstone Signs Letter of Intent to Acquire Shengda Pharmaceutical Co.
7. BMP Sunstone Completes Acquisition of Shanghai Rongheng Pharmaceutical Co., Ltd
8. BMP Sunstone Announces Official Launch of Ferriprox in PRC
9. BMP Sunstone Announces Participation in June Investor Conferences
10. BMP Sunstone Reports First Quarter 2008 Financial Results
11. BMP Sunstone Donates RMB 1.2 Million to Earthquake Relief
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... Shelton, CT (PRWEB) , ... October 13, 2017 , ... ... and long-term care services, staged a mock evacuation of the facility as part of ... Department, Shelton Fire Department, Echo Hose EMS and Shelton City Emergency Manager, as well ...
(Date:10/13/2017)... ... October 13, 2017 , ... Yisrayl Hawkins, Pastor and Overseer ... one of the most popular and least understood books in the Holy Scriptures, Revelation. ... descriptions that have baffled scholars for centuries. Many have tossed it off as mere ...
(Date:10/12/2017)... Del. (PRWEB) , ... October 12, 2017 , ... ... and advisory services for healthcare compliance program management, will showcase a range of ... National Association for Assisted Living (NCAL) Convention and Expo to be held October ...
(Date:10/12/2017)... ... October 12, 2017 , ... The American College of Medical Informatics ... PhD, FACMI, during the Opening Session of AMIA’s Annual Symposium in Washington, D.C. AMIA’s ... of Morris F. Collen, a pioneer in the field of medical informatics, this prestigious ...
(Date:10/12/2017)... D.C. (PRWEB) , ... October 12, 2017 , ... Leading ... their peers in Washington, D.C., for the 49th Congress of the International Society ... ., Vice President of the Center for Cancer and Blood Disorders at ...
Breaking Medicine News(10 mins):
(Date:9/22/2017)... 22, 2017  As the latest Obamacare repeal effort ... Cassidy (R-LA) and Lindsey Graham (R-SC) ... medical device industry is in an odd place.  The ... 2.3% excise tax on medical device sales passed along ... covered patients, increased visits and hospital customers with the ...
(Date:9/19/2017)... ZirMed Inc ., a recognized leader in cloud-based revenue cycle ... ranked #1 by its users for the seventh consecutive year ... ZirMed was recognized as the top-ranked end-to-end revenue cycle management ... 200 beds and holds one of the longest #1 ranking ... ...
(Date:9/13/2017)... 13, 2017   OrthoAtlanta has been named the ... Host Committee (AFHC) for the 2018 College Football Playoff (CFP) ... at Mercedes-Benz Stadium in Atlanta, Georgia . ... "I,m In" campaign, participating in many activities leading up to, ... ...
Breaking Medicine Technology: