China Pharma Holdings, Inc. completed a private placement that raised gross proceeds of $10 million. The company sold 5 million shares at a price of $2 each and sweetened the deal with 1.25 million three-year warrants to buy stock at $2.80 per share. The company needed the new capital, as it reported just $682,000 in cash at the end of March.  More details...

Stock Symbol: (OTCBB: CPHI)