BSPM Description — Biostar Pharmaceuticals Inc
Biostar Pharmaceuticals is a holding company. Through its wholly-owned subsidiary, Shaanxi Biostar Biotech, Ltd. and its variable interest entities Shaanxi Aoxing Pharmaceutical Co., Ltd. and Shaanxi Weinan Huaren Pharmaceuticals Ltd., Co. develops, manufactures and markets pharmaceutical products for a variety of diseases and conditions in China. Co.'s primary product is the XinAoxing Oleanolic Acid Capsule, an over-the-counter (OTC) medicine for chronic hepatitis B. As of Dec 31 2016, Co. manufactured and sold 12 OTC medications and 17 prescription-based pharmaceuticals which were sold and distributed in over 25 provinces and provincial-level cities throughout China.