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What is NeoStem’s relationship with Suzhou Erye?

April 26, 2017neostem relationship suzhou

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What is NeoStem’s relationship with Suzhou Erye?

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A. The Company has a 51% controlling stake in Suzhou Erye. The majority ownership resulted from the Company’s October 2009 acquisition of China Biopharmaceuticals Holding, Inc. (CBH) and Suzhou Erye was CBH’s primary operating subsidiary.