4. China-based ShangPharma (SHP) is engaged in pharmaceutical and biotechnology research and development outsourcing.For full year 2010, the company expects net revenues to reach $89.6-$91.1 million, a 24%-26% year-over-year growth, while GAAP gross profit is expected to register a 24%-28% year-over-year growth rate. Gross margins are anticipated in the range of 34.4%-34.8%, compared to the 33.2% margin reported for 2009, backed by favorable service mix, improved labor cost control, prudent material use and improved operational efficiency.
10 Pharma Stocks With 100% Buy Ratings
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