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Biotech / Medical
NeoStem (NBS) sells 51% interest in Chinese generic pharma
An SI Board Since June 2012
Posts SubjectMarks Bans Symbol
1 1 0 NBS
Emcee:  Geney Type:  Moderated
Introduction Market Data Compact
Great news of the month for NeoStem: stock prices will surely move upwards with the announcement of the sale of their ownership in Suzhou Erye. With $12.3 million to be gained initially from this sale, NBS will now be able to cut expenses and focus their efforts more closely on their research. Major gains to be seen and an increase in cash flow.

news.yahoo.com
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