SAN FRANCISCO (Thomson Financial) - 3SBio Inc. late Wednesday said it has
named David Chen to the newly created role of chief operating officer, effective
immediately.
Chen most recently served as the company's vice president of business
development.
Separately, the Shenyang, China-based biotechnology company said it
authorized the buyback of up to $20 million of its outstanding American
Depositary Shares. The repurchase program is valid for 12 months beginning on
March 21, 2008, and may be discontinued at any time, the company said.
U.S.-listed shares of 3SBio closed the regular session up 5 cents at $7.60.
Katherine Hunt
kh
COPYRIGHT
Copyright Thomson Financial News Limited 2007. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content,
including by framing or similar means, is expressly prohibited without the prior
written consent of Thomson Financial News.
|