Biostar Pharmaceuticals paid almost $3 million (20 million RMB) to purchase 8.6 acres of land on which it will build a raw material processing facility. Biostar plans to spend another $2.3 million (16 million RMB) to construct the plant, which will comprise about 6,000 square meters. The land is located in Xi'an, thirty-five kilometers from Biostar’s operating facility in Xian Yang, China, and only 5 kilometers from 80 acres of farmland that Biostar leased last fall. The company said the farmland will be used to grow herbs and plants that Biostar uses in its pharmaceutical products. More details...

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