- Business
- Biostar Pharmaceuticals, Inc. (BSPM) develops, manufactures, and commercializes biopharmaceutical products focused on traditional Chinese medicine and botanical drugs for the treatment of chronic diseases. The company offers a portfolio of proprietary products including its flagship Fuzheng Kangai Granules for cancer support; Kangnaoshuai Oral Liquid and related formulations for viral infections and immune modulation; and Tianqi Capsule and other botanical extracts targeting diabetes and cardiovascular conditions; alongside services in research, clinical trials, and regulatory compliance for herbal-based therapeutics. Headquartered in Xianyang, Shaanxi Province, China, and founded in 2003, Biostar operates primarily in the Asia-Pacific region, serving pharmaceutical distributors, hospitals, and clinics in China with expansion into select international markets. In recent developments, the company announced a strategic partnership with a leading Chinese biotech firm in late 2024 to co-develop next-generation immune-oncology therapies based on its proprietary botanical compounds; completed a $15 million Series B funding round in early 2025 led by domestic venture capital to fund Phase III clinical trials for its diabetes pipeline; and launched a new manufacturing facility in 2025 compliant with international GMP standards to support export growth into Southeast Asia.