Tianyin Pharmaceutical Co, Inc. Says $25 Million Production Facility Nearly Complete

by Richard Daverman, PhD

October 10, 2012 -- Tianyin Pharmaceuticals reported that its new production facility, which will cost $25 million, is on track to be completed early next year. Tianyin was forced to move two of its plants by the Chengdu municipal government, which designates particular areas for specific industries. Tianyin will combine its pre-extraction and formulation operations into a single facility with 30% greater capacity. However, the large capital expenditure comes at a bad time for Tianyin. More details...

Stock Symbol: (AMEX: TPI)