March 20, 2008 -- 3SBio Inc. (NSDQ: SSRX) announced that it would begin a $20 million stock buyback. In February 2007, 3SBio made its IPO at a price of $16 per ADS, offering a total of 7.7 million ADSs to raise $123 million in gross proceeds. At the time of the buyback announcement, 3SBio’s closing quote was $7.60, a decrease of over 50% from the IPO price. In the year since its IPO, 3SBio has not reported any significant adverse news, but it hasn’t excited investors, either. More details...
