Rochester, NY 8/12/2009 5:09:03 PM
Pre Market - China Aoxing Pharmaceutical Company Inc., CAXG - China Aoxing Pharmaceutical recently completed its $5 million private placement
China Aoxing Pharmaceutical Company Inc.
China Aoxing Pharmaceutical Company, Inc. has completed a private placement of 5,263,158 shares of its common stock with a total of fifteen institutional and other accredited investors at a price of $0.95 per share. CAPC has raised gross proceeds of $5 million from the placement.
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China Aoxing Pharmaceutical, Inc., through its subsidiaries, is a vertically integrated pharmaceutical company specializing in research, development, manufacturing and marketing of a variety of narcotics and pain management pharmaceutical products in generic and innovative formulations. Its product line is comprised of prescription and over-the-counter pharmaceutical products.
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