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(CN) Animal rights advocates oppose IPO

BEIJING - More than 70 public figures have signed a petition opposing the application of a pharmaceutical company that makes medicine from bear bile to become listed on the Shenzhen Stock Exchange.

The company, Guizhentang Pharmaceuticals, extracts bile from captive bears to make traditional Chinese medicines. Founded in 2000, the company is among 220 awaiting approval by the Growth Enterprise Board, according to the China Securities Regulatory Commission.

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