ChinaBio Today -- China Pediatric Pharmaceuticals has completed a reverse merger, taking over the company formerly known as Lid Hair Studios International. China Pediatric Pharma, which is headquartered in Xi’an, produces and distributes prescription and OTC drugs for children, some of which are western and the rest based on TCM. The company reported $7.1 million in revenue for the six months of 2009 and $1.6 million in net income. The net income is equivalent to 19 cents per share. More details
