China Biologic Products (CBPO.OB) Enters into Research and Development Agreement
QualityStocks (September 24th, 2009) Writes:
China Biologic Products is known as one of the leading plasma-based pharmaceutical companies in the People’s Republic of China. The young company took a major step towards catching the attention of investors on Wall Street with the announcement that on September 11, 2009 they entered into a strategic research and development agreement with the Institute of Blood Transfusion (IBT) to strengthen their research and development capabilities and manufacturing processes.
IBT, which is a division of the Chinese Academy of Medical Sciences and Peking Union Medical College, is a leading institute in China which specializes in a variety of plasma-based research that includes the safety of blood transfusions and molecular biology. The union between China Biologic and IBT will include the use of IBT’s technology to enhance safe and efficient plasma collection, and increase the range of plasma-derivative products that can be manufactured by the company. Another key aspect
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