New York, NY, April 23, 2012 - www.InvestorIdeas.com, a global investor research portal for independent investors, specializing in sector research issues an investor trading alert for Biostar Pharmaceuticals, Inc. (NasdaqGM: BSPM), trading at $1.9596, up 0.3096(18.76%) as of 2:44PM EDT on over 390,000 shares . The stock has a high of $2.10 on the day .
The Company announced that its Shaanxi Weinan subsidiary, acquired in October 2011, won a bid and has been selected as the exclusive supplier of Huangyangning Tablets, a prescription drug used for the treatment of cardiovascular disease, to all hospitals based in the provinces of Liaoning, Hebei and Shandong for up to three years. Biostar will supply Huangyangning Tablets to these hospitals based on patient needs in each hospital.
The Company had just announced on April 20th that it had regained compliance with the minimum bid price requirement of $1.00 per share for continued listing of its common stock on The NASDAQ Global Market.
About Biostar Pharmaceuticals, Inc.
Biostar Pharmaceuticals, Inc., 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 Aoxing Oleanolic Acid Capsule, an over-the-counter ("OTC") medicine for chronic hepatitis B, a disease affecting approximately 10% of the Chinese population. For more information please visit: http://www.
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