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Biostar Announces $1 Million Acquisition

publication date: Dec 17, 2009
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Biostar Pharmaceuticals of Xianyang has signed a letter of intent to acquire an unnamed Xi'an-based manufacturer of medical equipment and nutrients for $1.1 million in cash. Biostar expects the transaction will create an additional $3 million of revenue in 2010. The acquisition represents Biostar’s first foray into the medical device field. More details...

Stock Symbol: (OTCBB: BSPM)



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