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Sinobiomed Buys Distributor

publication date: Aug 13, 2007
A Second, Similar Acquisition Planned Sinobiomed (OTCBB: SOBM.OB) of Shanghai paid $2.4 million to buy a 90% interest in Suzhou Boai Medical Development Company, which distributes pharmaceuticals from its Suzhou hub to southern and eastern China. Suzhou is located 60 miles east of Shanghai.Suzhou Boai produced $18 million in revenue in 2006, and it has already had sales of $11 million in the first half of 2007. More details...


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