Beijing Med-Pharm Corporation has secured approval from NASDAQ to transfer the listing of its common stock from the NASDAQ Capital Market to the NASDAQ Global Market effective from June 7, 2007. Beijing Med-Pharm common stock began trading on the NASDAQ Capital Market in August 2006. The company's common stock will continue to trade under its current symbol, BJGP.
“We are extremely pleased that we've been able to meet the enhanced listing requirements of the NASDAQ Global Market less than one year after we began trading on the NASDAQ Capital Market,” said Mr David Gao, CEO of Beijing Med-Pharm. “Securing this listing is an important milestone for Beijing Med-Pharm and reflects the progress we've made toward our strategic and financial goals. The Global Market provides increased visibility and market exposure that will support our continued growth.”
Beijing Med-Pharm is a pharmaceutical marketing and distribution company that is building a proprietary portfolio of high-value branded pharmaceutical products in China and pursuing partnerships with other companies seeking to enter the Chinese pharmaceuticals market.