Susquehanna Initiates Coverage on BMP Sunstone Corporation (BJGP) with a Positive

September 9, 2008 9:33 AM EDT

Susquehanna initiates coverage on BMP Sunstone Corporation (Nasdaq: BJGP) with a Positive. Price target $8.00.

Susquehanna analyst says, "We are initiating coverage on BJGP with a Positive rating and an $8 price target. BJGP is a sales and marketing driven specialty pharma company with a differentiated value proposition through its three main lines of businesses in China: 1) BMP China: prescription drug (Rx) registration, marketing, and distribution for multinational drug companies; 2) Sunstone: branded domestic OTC and Rx products focusing on pediatric and women's health; and 3) Wanwei, Rongheng, and GPC: pharmaceutical distribution."

BMP Sunstone Corporation is a pharmaceutical and over-the-counter (OTC) manufacturing, marketing and distribution company. Through its subsidiary, Sunstone (Tangshan) Pharmaceutical Co., Ltd. (Sunstone), the Company manufactures, markets and distributes OTC products in China.

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