Biostar Pharmaceuticals (BSPM) Signs 1-Year Distribution Agreement in China
Biostar Pharmaceuticals, Inc., through its wholly-owned subsidiary in China, develops, manufactures and markets pharmaceutical and health supplement products for a variety of diseases afflicting the Chinese population. The company announced today that its newly acquired subsidiary, Shaanxi Weinan, signed a 1-year distribution agreement with Shaanxi Huikang Pharmaceuticals Company effective January 1, 2012. Huikang Pharmaceuticals is a distributor of pharmaceutical products in 11 provinces in northwest and northern China and has a network of over 300 drugstores and hospitals. Huikang Pharmaceuticals will distribute ten Biostar products. These products include six existing products which are currently being distributed through Biostar's own network,…