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China-Biotics Says New Plant Delayed

publication date: Jan 14, 2009

China-Biotics, a probiotics company, reported that construction of its new manufacturing plant in Shanghai has been delayed. The company blamed the delay on regulatory conflicts. Two agencies have jurisdiction over the facility, the SFDA and the Shanghai Municipal Bureau of Quality and Technical Supervision, each of which requires a different certification standard. Until the differing requirements can be resolved, China-Biotics has slowed down the installation of equipment. More details...

Stock Symbol: (NSDQ: CHBT)



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