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Pryor Cashman Represents China Jo-Jo in Private Placement

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Pryor Cashman represented China Jo-Jo Drugstores, Inc., a leading retailer and wholesale distributor of pharmaceutical and healthcare products in China (Nasdaq: “CJJD”) in connection with its private placement of 4,840,000 shares of common stock for aggregate gross proceeds of $10,648,000 with one institutional investor.

The transaction closed on January 23, 2017. 

Representing CJJD from Pryor Cashman’s nationally-recognized Corporate Group and China Practice were Partner Elizabeth Chen and Associate Gene Levin.