The Chinese Domino Effect
Its not fresh news that China's former head of the State Food and Drug Administration, Zheng Xiaoyu, was sentenced to death for corruption and bribery in connection with tainted pet food products and toothpaste. But for at least one China-based pharmaceutical company trying to push its products through the approval process, the news remains at the forefront of thought.Lotus Pharmaceutical Inc. (OTCBB: LTUS) is a pharmaceutical company based out of Beijing, China, focused on manufacturing drugs for its 10 drug stores in addition to third-party stores. Aside from feeling the aftermath of Xiaoyu's administrative wrongdoings, working directly from China has…