TAIAN CITY, Shandong, China, June 30 /Xinhua-PRNewswire-FirstCall/ -- China Biologic Products, Inc. (OTC Bulletin Board: CBPO) ("CBP," or "the Company"), one of the leading plasma-based pharmaceutical companies in the People's Republic of China ("PRC"), today announced that the Company received the approval from the Guangxi Province Bureau of Health, to set up a new plasma collection station in Pu Bei County, Guangxi Province.
The new plasma collection station will be located in the Centralized Industry Zone of Pu Bei County and when it becomes operational, it will replace CBP's existing Fang Cheng Plasma Collection Station ("Fang Cheng"). The Company's management decided to relocate the Fang Cheng Plasma Collection Station to a more strategic location to increase collection volumes. During the construction period, the existing Fang Cheng Plasma Station will still continue with its normal operations. With the approval of the new location, the Company hopes to expand its coverage area to secure higher collection volumes in the future.
"Since we received approval to relocate Fang Cheng earlier this year, we inspected several relocation sites and settled on Pu Bei County as the best choice," said Mr. Chao Ming Zhao, the Company's CEO. "We are confident that the new plasma collection station will help to greatly expand our plasma supply once it is established."
About China Biologic Products, Inc.
Through its indirect majority-owned subsidiary Shandong Taibang Biological Products Co. Ltd., China Biologic Products, Inc. (the "Company"), is principally engaged in the research, development, production and manufacturing and sale of plasma-based biopharmaceutical products to hospitals and other health care facilities in China. The Company's human albumin products are mainly used to increase blood volume and its immunoglobulin products are used for the treatment and prevention of diseases.
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|SOURCE China Biologic Products, Inc.|
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