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History

The cornerstone of our China pharmaceuticals business is the 51% ownership interest we acquired in Suzhou Erye in October 2009. Historically, Erye has concentrated its efforts on the manufacturing and distribution of generic antibiotic products and has received approximately 160 production certificates from the State Food and Drug Administration of China, or SFDA, covering both antibiotic prescription drugs and active pharmaceutical intermediates.

Suzhou Erye was founded more than 50 years ago. Erye’s current senior management team bought the company from the government of the People’s Republic of China in 2003. Since that time, Erye has transformed into a profitable private enterprise with 526 full-time employees and 309 part-time employees as of January 7, 2011. NeoStem completed a merger with China Biopharmaceuticals Holdings, Inc in October 2009, effectively gaining a 51% majority ownership interest in Erye.

Contact Information

NeoStem Inc
420 Lexington Avenue
Suite 450
New York, New York 10170
Telephone: 212-584-4180
Fax: 646-514-7787