PharmStar Pharmaceuticals, Inc. Completes Stock Acquisition of U.S. Drug Developer With FDA-Approved, Over-the-Counter Pain Reliever
Marketwire “Press Releases”
ROCKY MOUNT, NC — (MARKET WIRE) — 03/15/11 — PharmStar Pharmaceuticals, Inc. , formerly known as Big Star Media Group, Inc. (PINKSHEETS: BMGI), announced today that it has executed a stock purchase agreement to acquire 93.5% of the privately-held PharmStar, Inc. (“PharmStar”) (www.pharmstarinc.com), based in Rocky Mount, NC . As a result of the transaction, PharmStar Pharmaceuticals, Inc. will operate solely as PharmStar, Inc. , which is focused on the manufacturing and marketing of its fully developed, FDA -approved, Over-the-Counter (OTC) liquid pain reliever and arthritis drug called Aquaprin™.
PharmStar, Inc. is in the process of changing its current ticker symbol, which should be completed within the next few weeks. BMGI shareholders will be notified when the ticker symbol change has taken affect.