Chinese drug manufacturer Biostar Pharmaceuticals (BSPM +10%) jumps after signing a Letter of...

|About: Biostar Pharmaceutic (BSPM)|By:, SA News Editor

Chinese drug manufacturer Biostar Pharmaceuticals (BSPM +10%) jumps after signing a Letter of Intent with the Fourth Military Medical University in China to jointly carry out clinical trials for the Viacom Pine II Cream, a drug that treats skin diseases such as bacterial and fungal infections. The letter has been turned in to China's military authorities and is awaiting consent.