Beijing Med-Pharm Corp. Signs Definitive Agreement to Purchase Minority Stake in Sunstone Pharmaceutical Co., Ltd. for $32 Million

PLYMOUTH MEETING, Pa.--(BUSINESS WIRE)--Beijing Med-Pharm Corporation (Nasdaq: BJGP) today announced that it has reached a definitive agreement with the owners of Sunstone Pharmaceutical Co., Ltd. (“Sunstone”) to acquire a minority interest in the company. Sunstone is a privately held manufacturer of primarily over-the-counter (OTC) medicines, with operations in Tangshan, Hebei Province, People’s Republic of China.

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