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» 23/07/2009 [Company watch]
China Aoxing Pharmaceutical Corp. Receives Renewal of GMP Certification for Capsule Dosage Form of Pharmaceutical Products
» 15/03/2010 [Industry news]
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Hong Kong: Recall of all products manufactured by Quality Pharmaceutical Lab Ltd
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»29/04/2010 [Company watch]
China Pediatric Reports Reverse Merger, 2009 Results

China Pediatric Reports Reverse Merger, 2009 Results China Pediatric Pharmaceuticals, Inc. (CPDU.OB), which completed its reverse merger in October 2009, said its revenues rose 14% in 2009 to $16.7 million, though net income declined slightly to $2.5 million. The company ended its fiscal year with $900,000 in cash. Its only operating entity is Shaanxi Jiali Pharmaceutical Co., Ltd., headquartered in Xi’an.

 

China Pediatric Pharmaceuticals, Inc. (CPDU.OB), which completed its reverse merger in October 2009, said its revenues rose 14% in 2009 to $16.7 million, though net income declined slightly to $2.5 million. The company ended its fiscal year with $900,000 in cash. Its only operating entity is Shaanxi Jiali Pharmaceutical Co., Ltd., headquartered in Xi’an.

All but one of China Pediatric’s 26 products are OTC preparations, and 78% of the portfolio targets common childhood illnesses. The company produces half of its SFDA-approved drugs itself, while the other half are manufactured by outside companies. Most of its products, a total of 17, are TCM drugs, and the remaining nine drugs are western.

Following the reverse merger, China Pediatric reported 8.6 million shares outstanding. Although the stock is not actively traded, it has been very volatile since the beginning of April, trading in a range between $1.90 and $5.00. At its present price of $5, the company has a market capitalization of $43 million.

 


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