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Featured Company: Beijing Med-Pharm Raises $31 Million

publication date: Aug 22, 2007
Secondary Offering Will Pay for Acquisition Beijing Med-Pharm (BJGP) raised $30.6 million (after fees) by placing 3.5 million units, each one consisting of one share and two-tenths of a warrant, at a price of $9.40. Beijing Med-Pharm closed the session Tuesday at $9.29, a loss of 24 cents on the session. Beijing Med-Pharm knows exactly what it is going to do with the money. Before the end of September, the company intends to complete its purchase of Sunstone Pharma, which manufactures over-the-counter pharmaceuticals. More details...


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