Biostar Pharmaceuticals Inc. (NASDAQ: BSPM) is watching its shares nearly double on Tuesday after the company announced that it is releasing a new product line to treat respiratory irritation and inflammation. Specifically, Biostar is launching a product called “Easy Breathing” which is designed to treat rhinitis and sinusitis. Product launch will take place in November.
The move that we are seeing in the stock is heavily impacted by the sheer size of the market that this drug is stepping into, China.
