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China Biologic Products Announces Approval for the Relocation of Fang Cheng Plasma Collection Station and for the Procurement of Excess Clinical Plasma
Date:5/22/2008

TAIAN CITY, Shandong, China, May 22 /Xinhua-PRNewswire-FirstCall/ -- China Biologic Products, Inc. (OTC Bulletin Board: CBPO) (''CBP,'' or ''the Company''), one of the leading plasma-based pharmaceutical companies in the People's Republic of China (''PRC''), today announced that the Company received approval from the Bureau of Health in Guangxi Province (1) to relocate its Fang Cheng Plasma Collection Station to a more favorable location with a wider coverage area and (2) to purchase excess clinical plasma from six other central plasma stations in Guangxi.

Approval to relocate Fang Cheng Plasma Collection Station

The Fang Cheng Plasma Collection Station, currently located in Fang Cheng Gang City, Guangxi Province, has the lowest plasma collection volume among all seven CBP collection stations, primarily due to its location and coverage area. As a result of the approval, the Company may relocate the station elsewhere within Fang Cheng Gang City, or within Qin Zhou City or Bei Hai City. Management has started the search and evaluation process in order to find the best location for the station. Management expects that relocating the station would greatly increase the station's plasma collection volume in the future.

Approval to purchase excess clinical plasma

Excess clinical plasma is an important source of raw materials for plasma- based pharmaceutical companies, especially in light of China's severe shortage of plasma supply.

With the approval, CBP can purchase excess clinical plasma from the Central Plasma Stations in six cities of Guangxi Province, including Bai Se, Yu Lin, Lai Bin, Qin Zhou, Fang Cheng Gang and He Zhou. To date, the Company has signed contracts with four of these six stations and has procured three tons of excess clinical plasma.

''We are pleased to receive the approval from the Bureau of Health in Guangxi Province,'' said Mr. Stanley Wong, the Company's CEO. ''It is very helpful to expand our plasm
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SOURCE China Biologic Products, Inc.
Copyright©2008 PR Newswire.
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