Chinese biotech research firm ShangPharma (SHP +18.3%) pops after announcing a $10M stock...

|About: ShangPharma Corporation (SHP)|By:, SA News Editor

Chinese biotech research firm ShangPharma (SHP +18.3%) pops after announcing a $10M stock repurchase program. In addition, founder and CEO Michael Xin Hui intends to purchase up to $1M worth of its shares through a personal, family-owned company.