XI’AN, China--(BUSINESS WIRE)--China Pediatric Pharmaceuticals, Inc. (OTC Bulletin Board: CPDU) (“China Pediatric Pharmaceuticals " or the “Company”), today announced it has recently closed a private placement financing. In the transaction the Company issued 375,000 shares of the Company’s common stock at a price of $4.00 per share for an aggregate purchase price of $1.5 million.
