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Have Fundamentals Improved for Biozone Pharmaceuticals Inc (OTCBB:BZNE)?

 
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Las Vegas, NV -- (SBWIRE) -- 12/05/2013 -- Biozone Pharmaceuticals Inc (OTCBB:BZNE) declared that the company improved the performance that is also mentioned in its balance sheet. The improvement occurred by excluding outstanding convertible preferred stock.

Biozone mentions that convertible preferred stock holders exchanged their securities for common stock shares. The shareholders consider that the merger with Cocrystal Discovery, Inc. is positive step of company. The company announced last month about agreement for selling its operating assets.

Biozone Pharmaceuticals, Inc. previously International Surf Resorts, manufactures and produces OTC drug products. The company’s over the counter products are handled by its subsidiary BioZone Laboratories, Inc. The other subsidiaries of the company include Equalan LLC and Baker Cummins Corp. The product lines of the company include skin care. The company acquired Aero Pharmaceuticals, Inc. in 2011.

To find out what OTCMAGIC projects for Biozone Pharmaceuticals Inc for both short term and long term please click here: BZNE

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