American Oriental Bioengineering has authorized a program to repurchase up to $75 million worth of its own shares. These purchases could be open market buys, negotiated transactions with investors or speeded-up stock repurchases. The company will time the transactions with a view toward the price of American Oriental’s stock. At the end of the first quarter of 2008, American Oriental had $159 million in cash and working capital of $196.5 million. More details...

Stock Symbol: (NYSE: AOB)