DALLAS, March 28, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Biostar Pharmaceuticals Inc. (Nasdaq:BSPM). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at:
Biostar Pharmaceuticals Inc. (BSPM), through its wholly owned subsidiary and controlled affiliate in China, develops, manufactures and markets pharmaceutical and health supplement products for a variety of diseases and conditions. The Company's most popular product is its Xin Ao Xing Oleanolic Acid Capsule, an over-the-counter (OTC) medicine for chronic hepatitis B, a disease affecting nearly 10% of the Chinese population. In addition to its hepatitis product, BSPM currently manufactures two broad-based OTC products, two prescription-based pharmaceuticals, one medical device and five health supplements. As of December 31, 2010, BSPM has expanded its rural supply network to over 10,000 sales outlets in 22 provinces. Sales to rural areas increased approximately 95% to $14.2 million during the twelve months ended 2010, representing 18% of total sales.
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In the report, the analyst notes:
"BSPM shares gained 36 cents, or 16.22%, on Friday after the Company reported strong fourth quarter and full-year results that impressed investors. The Company said its quarterly profit rose to $6.1 million, or 22 cents a share, compared with $1.7 million, or 7 cents a share, during the same period a year ago."
"BSPM reported that sales of its over-the-counter hepatitis B treatment Xin Aoxing capsules rose nearly 57% from the year-ago quarter to $18.6 million, with a gross margin of 87.0%. It said the order rate for the drug, which represented almost two thirds of total fourth quarter 2010 revenues, started to rebound at the end of the third quarter and continued to accelerate through the fourth quarter."
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