SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

x QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended ~~March~~June 3130, 2011

o TRANSITION REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _____________ to ___________

Commission File Number 333-159028

CHINA PHARMAHUB CORP.

(Exact Name of Small Business Issuer as specified in its charter)

Nevada	20-2208821
(State or other jurisdiction of incorporation or organization)	(I.R.S. employer identification no.)

	20955 Pathfinder Road, Suite 100 Diamond Bar, CA 91765
	(Address of principal executive offices) (Zip Code)

	Registrant's telephone number, including area code: (909) 843-6388

Indicate by check mark whether the Issuer:

(1) Has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports):

Yes x No o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes o No o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large Accelerated Filer	o	Accelerated Filer	o

Non-Accelerated Filer	o	Smaller Reporting Company	x

(2) Has been subject to such filing requirements for the past 90 days.

Yes x No o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). o Yes x No

The Registrant has 17,~~064~~069,547 shares of Common stock, par value $0.001 per share issued and outstanding as of ~~March~~August 3115, 2011.

CHINA PHARMAHUB CORP.
TABLE OF CONTENTS
FORM 10-Q


	PART I FINANCIAL INFORMATION

Item Number		Page

Item 1.	Financial Statements	3

	Consolidated Balance Sheets	3

	Consolidated Statements of Operations	4

	Consolidated Statement of Changes in Stockholders' Equity	5

	Consolidated Statements of Cash Flows	6

	Notes to Consolidated Financial Statements	7

Item 2.	Management’s Discussion and Analysis of Financial Condition or Plan of Operation	18

Item 3.	Qualitative and Quantitative Disclosures About Market Risk	23

	PART II OTHER INFORMATION

Item 1.	Legal Proceedings	23

Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	23

Item 3.	Defaults upon Senior Securities	23

Item 4.	Submission of Matters to a Vote of Security Holders	23

Item 5.	Other Information	23

Item 6.	Exhibits and Reports on Form 8-K	23

	Signatures	23

CHINA PHARMAHUB CORP.
TABLE OF CONTENTS
FORM 10-Q
	PART I FINANCIAL INFORMATION
Item Number		Page
Item 1.	Financial Statements	4
	Consolidated Balance Sheets	4
	Consolidated Statements of Operations	5
	Consolidated Statement of Changes in Stockholders' Equity	6
	Consolidated Statements of Cash Flows	7
	Notes to Consolidated Financial Statements	8
Item 2.	Management’s Discussion and Analysis of Financial Condition or Plan of Operation	17
Item 3.	Qualitative and Quantitative Disclosures About Market Risk	22
	PART II OTHER INFORMATION	22
Item 1.	Legal Proceedings	22
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	22
Item 3.	Defaults upon Senior Securities	23
Item 4.	Submission of Matters to a Vote of Security Holders	24
Item 5.	Other Information	24
Item 6.	Exhibits and Reports on Form 8-K	24
	Signatures	25

PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

CHINA PHARMAHUB CORP.
(A DEVELOPMENT STAGE COMPANY)
CONSOLIDATED BALANCE SHEETS
	March 31,			December 31,
	June 30			December 31,
	2011			2010
	(Unaudited)			~~(Audited)~~
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	~~485~~386,~~991~~302		$	640,773
Deposit		3,544			3,544~~.00~~
Prepaid expenses		13,~~000~~697			3,641~~.00~~
Due from related party		25,~~028~~423			2,923~~.00~~
Total current assets		~~515~~418,~~563~~966			650,881
Equity Investments		3634,~~737~~697			42,373
Equipment, net		2021,~~137~~505			21,256~~.00~~
	$	~~572~~475,~~437~~168		$	714,510
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Accrued expenses	$	~~137~~193,~~768~~240		$	118,313
Other current liabilities		921			2,052
Total current liabilities		~~138~~194,~~689~~161			120,365
STOCKHOLDERS' EQUITY
Preferred stock, $.001 par value, 5,000,000 shares
authorized, no shares issued and outstanding		-			-
Common stock, $.001 par value, 100,000,000 shares
authorized, 17,064,547 and 17,694,547 issued and
authorized, 17,069,547 and 17,694,547 issued and
16,592,807 and 16,537,155 oustanding, respectively		17,064			17,694
16,597,807 and 16,537,155 oustanding, respectively		17,070			17,694
Additional paid-in-capital		1,~~320~~351,~~773~~082			1,287,897
Deficit accumulated during the development stage		(~~904~~1,~~376~~087,161	)		(711,446	)
		433,461			594,145
		280,991			594,145
Noncontrolling interest		~~287~~16			-
Total stockholders' equity		~~433~~281,~~748~~007			594,145
	$	~~572~~475,~~437~~168		$	714,510
The accompanying notes to the financial statements are an integral part of these statements.

CHINA PHARMAHUB CORP.
(A DEVELOPMENT STAGE COMPANY)
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)


	For the three months ended June 30						For the six months ended June 30						Cumulative for the period from inception (July 9, 2009) through
	2011			2010			2011			2010			June 30, 2011

Revenue	$	-		$	-		$	-		$	-		$	-

Operating expenses
Depreciation expense		1,167			-			2,286			-			3,405
General and administrative		69,439			9,121			130,458			25,713			328,448
Professional fees		117,869			127,394			271,499			218,019			771,074
Total operating expenses		188,475			136,515			404,243			243,732			1,102,927

Other income(expenses)
Gain on foreign currency transaction		2,484			-			30,319			-			41,948
Other income		5,101			-			5,101			-			5,101
Loss on equity investments		(2,039	)		-			(7,676	)		-			(32,067	)
Total other income/(expenses)		5,546			-			27,744			-			14,982

Net Income (Loss)		(182,929	)		(136,515	)		(376,499	)		(243,732	)		(1,087,945	)

Noncontrolling interest		(271	)		-			(784	)		-			(784	)

Net income (loss) - attributable to China Pharmahub Corp.	$	(182,658	)	$	(136,515	)	$	(375,715	)	$	(243,732	)	$	(1,087,161	)

Loss per common share - basic and diluted	$	(0.01	)	$	(0.01	)	$	(0.02	)	$	(0.02	)

Weighted-average shares outstanding - basic and diluted		16,593,196			14,192,058			16,514,988			13,491,810


The accompanying notes to the financial statements are an integral part of these statements.

CHINA PHARMAHUB CORP.
(A DEVELOPMENT STAGE COMPANY)
CONSOLIDATED STATEMENTS OF OPERATIONS
STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
(Unaudited)
							Additional												Total
	For the three months ended March 31, 2011			For the three months ended March 31, 2010			Cumulative for the period from inception (July 9, 2009) through March 31, 2011
	Common Stock						Paid-in			Subscription			Accumulated			Noncontrolling			Stockholders'
Revenue	$	-		$	-		$	-
	Shares			Amount			Capital			Receivable			Deficit			Interest			Equity
Operating expenses
Balance, July 9, 2009 (inception)		-		$	-		$	-		$	-		$	-		$	-		$	-
Depreciation expense		1,119			-			2,238
Issuance of shares for cash ($0.0016667 per share)		12,120,000			12,120			8,080			(200	)								20,000
General and administrative		60,892			16,490			258,882
Issuance of shares for services ($0.00167 per share)		100,000			100			67												167
Professional fees		153,630			90,726			653,205
Net loss		-			-			-			-			(26,571	)					(26,571	)
Total operating expenses		215,641			107,216			914,325
Balance, December 31, 2009		12,220,000			12,220			8,147			(200	)		(26,571	)		-			(6,404	)
Other (income) expenses
Receipt of subscription receivable											200									200
Gain on foreign currency transaction		(27,835	)		-			(39,464	)
Issuance of shares for cash - held in escrow ($0.00167 per share)		1,720,885			1,721			1,150												2,871
Loss on equity investments		5,637			-			30,028
Shares held in escrow - earned - 454,992 shares ($0.60, less payment of $0.00167 per share)								272,238												272,238
Total other (income expenses)		(22,198	)		-			(9,436	)
Shares held in escrow - repurchased ($0.00167 per share)		(108,501	)		(109	)		(72	)											(181	)
Net Loss		193,443			107,216			904,889
Issuance of shares for cash ($0.60 per share)		1,278,019			1,278			680,917												682,195
Noncontrolling interest		(513	)		-			(513	)
Issuance of shares for services ($0.60 per share)		93,125			93			55,782												55,875
Net Loss - attributable to China Pharmahub Corp.	$	192,930		$	107,216		$	904,376
Recapitalization on reverse merger		1,478,559			1,479			(276,729	)											(275,250	)
Loss per common share - basic and diluted	$	0.01		$	0.01
Issuance of shares for cash - post reverse merger ($0.60 per share)		1,000,000			1,000			539,000			(450,000	)								90,000
Weighted-average shares outstanding - basic and diluted		16,482,099			12,404,820
Issuance of shares for services - post reverse merger ($0.60 per share)		10,000			10			5,990												6,000
The accompanying notes to the financial statements are an integral part of these statements.
Issuance of shares for equity investment - post reverse merger ($0.60 per share)		2,460			2			1,474												1,476
Shares held in escrow - earned - 120,000 shares - not outstanding ($0.60, less payment of $0.00167 per share)																				-
Receipt of subscription receivable											450,000									450,000
Net loss		-			-			-			-			(684,875	)					(684,875	)
Balance, December 31, 2010		17,694,547			17,694			1,287,897			-			(711,446	)		-			594,145
Cash Received - Contribution from noncontrolling interest (Unaudited)																	800			800
Shares held in escrow - repurchased ($0.00167 per share) (Unaudited)		(640,000	)		(640	)		(429	)		-			-						(1,069	)
Shares held in escrow - earned - 91,304 shares ($0.60, less payment of $0.00167 per share) (Unaudited)								54,630												54,630
Issuance of shares for services - post reverse merger ($0.60 per share) (Unaudited)		15,000			16			8,984			-			-						9,000
Net loss (Unaudited)														(375,715	)		(784	)		(376,499	)
Balance, June 30, 2011 (Unaudited)		17,069,547		$	17,070		$	1,351,082		$	-		$	(1,087,161	)	$	16		$	281,007
The accompanying notes to the financial statements are an integral part of these statements.

CHINA PHARMAHUB CORP.

CHINA PHARMAHUB CORP.
(A DEVELOPMENT STAGE COMPANY)
STATEMENTS OF CASH FLOWS
(Unaudited)


	For the six months ended June 30,			For the six months ended June 30,			Cumulative for the period from inception (July 9, 2009) through June 30, 2011
	2011			2010

Cash flows from operating activities:
Net loss	$	(376,499	)	$	(243,732	)	$	(1,087,945	)
Adjustments to reconcile net loss to net
Depreciation		2,286			-			3,405
cash used in operating activities:
Common stock issued for services		63,630			181,699			397,910
Loss on equity investments		7,676			-			32,067
(Increase) decrease in assets and liabilities:
Deposit		-			(790	)		(3,544	)
Prepaid expenses		(56	)		(2,284	)		(3,697	)
Due from related party		(22,500	)		-			(25,423	)
Accrued expenses		74,927			10,164			193,240
Other current liabilities		(1,131	)		2,492			921
Net cash used in operating activities		(251,667	)		(52,451	)		(493,066	)

Cash flows from investing activities:
Equipment purchases		(2,535	)		-			(24,910	)
Investment in Equity Investments		-			(44,500	)		(65,288	)
Net cash used in investing activities		(2,535	)		(44,500	)		(90,198	)

Cash flows from financing activities:
Purchase of World Wide Relics		-			(275,250	)		(275,250	)
Proceeds from sale of escrowed shares		-			2,871			2,871
Repurchase of escrowed shares		(1,069	)		-			(1,250	)
Stock subscription receivable		-			200			-
Contribution from Noncontrolling Interest		800			-			800
Proceeds from sale common stock		-			659,123			1,242,395
Net cash provided by (used in) financing activities		(269	)		386,944			969,566

Net increase in cash and cash equivalents		(254,471	)		289,993			386,302

Cash and cash equivalents - beginning of period		640,773			4,131			-

Cash and cash equivalents - end of period	$	386,302		$	294,124		$	386,302

Non-cash financing and investing activities:
Issuance of common shares to acquire equity investment	$	-		$	-		$	1,476


The accompanying notes to the financial statements are an integral part of these statements.

(A DEVELOPMENT STAGE COMPANY)

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY

							Additional												Total
	Common			Stock			Paid-in			Subscription			Accumulated			Noncontrolling			Stockholders'
	No. of Shares			Par Value			Capital			Receivable			Deficit			Interest			Equity
Balance, July 9, 2009 (inception)		-			-			-			-			.						-
Issuance of shares for cash ($0.0016667 per share)		12,120,000			12,120			8,080			(200	)								20,000
Issuance of shares for services ($0.00167 per share)		100,000			100			67												167
Net loss		-			-			-			-			(26,571	)					(26,571	)
Balance, December 31, 2009		12,220,000			12,220			8,147			(200	)		(26,571	)		-			(6,404	)
Receipt of subscription receivable											200									200
Issuance of shares for cash - held in escrow ($0.00167 per share)		1,720,885			1,721			1,150												2,871
Shares held in escrow - earned - 454,992 shares ($0.60, less payment of $0.00167 per share)								272,238												272,238
Shares held in escrow - repurchased ($0.00167 per share)		(108,501	)		(109	)		(72	)											(181	)
Issuance of shares for cash ($0.60 per share)		1,278,019			1,278			680,917												682,195
Issuance of shares for services ($0.60 per share)		93,125			93			55,782												55,875
Recapitalization on reverse merger		1,478,559			1,479			(276,729	)											(275,250	)
Issuance of shares for cash - post reverse merger ($0.60 per share)		1,000,000			1,000			539,000			(450,000	)								90,000
Issuance of shares for services - post reverse merger ($0.60 per share)		10,000			10			5,990												6,000
Issuance of shares for equity investment - post reverse merger ($0.60 per share)		2,460			2			1,474												1,476
Shares held in escrow - earned - 120,000 shares - not outstanding ($0.60, less payment of $0.00167 per share)																				-
Receipt of subscription receivable											450,000									450,000
Net loss		-			-			-			-			(684,875	)					(684,875	)
Balance, December 31, 2010		17,694,547			17,694			1,287,897			-			(711,446	)		-			594,145
Cash Received - Contribution from Noncomtrolling interest (Unaudited)																	800			800
Shares held in escrow - repurchased ($0.00167 per share) (Unaudited)		(640,000	)		(640	)		(429	)		-			-						(1,069	)
Shares held in escrow - earned – 45,652 shares ($0.60, less payment of $0.00167 per share) (Unaudited)								27,315												27,315
Issuance of shares for services - post reverse merger ($0.60 per share) (Unaudited)		10,000			10			5,990			-			-						6,000
Net loss (Unaudited)														(192,930	)		(513	)		(193,443	)
Balance, March 31, 2011 (Unaudited)		17,064,547			17,064			1,320,773			-			(904,376	)		287			433,748

The accompanying notes to the financial statements are an integral part of these statements.

CHINA PHARMAHUB CORP.
(A DEVELOPMENT STAGE COMPANY)
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
	For the three months ended March 31, 2011			For the three months ended March 31, 2010			Cumulative for the period from inception (July 9, 2009) through March 31, 2011
Cash flows from operating activities:
Net loss	$	(193,443	)	$	(107,216	)	$	(904,889	)
Adjustments to reconcile net loss to net
Depreciation		1,119			-			2,238
cash used in operating activities:
Common stock issued for services		33,315			110,869			367,595
Loss on equity investments		5,636			-			30,027
(Increase) decrease in assets and liabilities:
Deposit		-			-			(3,544	)
Prepaid expenses		2,641			(301,825	)		(1,000	)
Other receivable		(22,105	)		(2,284	)		(25,028	)
Accrued expenses		19,455			6,316			137,768
Other current liabilities		(1,131	)		72,862			921
Net cash used in operating activities		(154,513	)		(221,278	)		(395,912	)
Cash flows from investing activities:
Equipment purchases		-			-			(22,375	)
Investment in Equity Investments		-			-			(65,288	)
Net cash used in investing activities		-			-			(87,663	)
Cash flows from financing activities:
Purchase of World Wide Relics		-			-			(275,250	)
Proceeds from sale of escrowed shares		-			-			2,871
Contributions from noncontrolling interest		800						800
Repurchase of escrowed shares		(1,069	)		-			(1,250	)
Stock subscription receivable		-			(200	)		-
Proceeds from sale common stock		-			589,383			1,242,395
Net cash (used in) provided by financing activities		(269	)		589,183			969,566
Net (decrease) increase in cash and cash equivalents		(154,782	)		367,905			485,991
Cash and cash equivalents - beginning of period		640,773			4,131			-
Cash and cash equivalents - end of period	$	485,991		$	372,036		$	485,991
Non-cash financing and investing activities:
Issuance of common shares to acquire equity investment	$	-		$	287		$	1,476
The accompanying notes to the financial statements are an integral part of these statements.

CHINA PHARMAHUB CORP.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

Note 1 – Organization and description of business

China PharmaHub Corp. (“CPC” or the “Company”) was incorporated in the state of Nevada on July 9, 2009. Since its inception, we have been engaged the business of acquiring and/or licensing, developing and commercializing innovative products for the treatment of a variety of human diseases with a focus on offering improved, cost-effective alternatives to current methods of treatment or enable the discovery, research and development of new medicines.

Our initial focus is on pharmaceutical, biotechnology products including, but not limited to, medicines, medical remedies, therapies, medical equipment, and biometric products (“Pharma-products”) developed in the U.S. which have limited representation in the Asian Pacific Region. ~~In the future, when we determine we have sufficient resources, we intend to consider developing Pharma-products in Europe.~~ Our projects include both ready-to-market products and Pharma-products which are under development and which we believe have the potential to benefit from additional research and development in the People’s Republic of China (the “PRC” or “China”), Hong Kong, Macau and Taiwan (collectively, the “Greater China Region”). We also plan to identify novel drug candidates originating in China by licensing the rights to market such products in the rest of the world.

On August 13, 2010, we announced that we closed with respect to a Merger Agreement dated July 28, 2010 (the “Merger Agreement” or the "Merger") entered into with World Wide Relics, Inc. (“WWR”), a Nevada corporation incorporated on January 18, 2005. On June 17, 2010, before entering into the Merger Agreement, we acquired 77.18% of WWR’s issued and outstanding stock from WWR’s largest shareholder, totaling 5,000,000 common shares of WWR for $275,250. A total of 6,478,5559 WWR common shares were outstanding prior to this purchase. Pursuant to the terms of the Merger Agreement, WWR then issued an aggregate of 15,258,983 WWR common shares to the shareholders and service providers of CPC. In addition, from the 15,258,983 WWR common shares, 1,492,338 WWR common shares were issued to replace an equal number of shares of common stock of CPC which were being held in escrow as of the date of the Merger with respect to certain CPC services agreements. Upon issuance of these shares, these shareholders together with CPC shareholders prior to the Merger, control approximately 91% of WWR’s issued and outstanding common shares of voting capital stock on a fully diluted basis, and therefore effectively have control of WWR. The remaining approximate 9% of WWR’s issued and outstanding common shares totaling 1,478,559 shares were held by WWR shareholders prior to the merger. Pursuant to the terms of the Merger Agreement, all of the property, rights, privileges, powers and franchises of CPC have vested in WWR; all debts, liabilities and duties of CPC have become the debts, liabilities and duties of WWR; and the separate existence of CPC, as a Nevada corporation, has ceased.

In connection with the Merger Agreement, WWR cancelled 5,000,000 shares of WWR’s common stock purchased by CPC from WWR’s largest shareholder on June 21, 2010 in anticipation of the Merger Agreement, and then issued the aggregate of 15,258,983 shares of its common stock as described above. The purchase of 5,000,000 shares of WWR prior to the Merger Agreement was a private transaction whereby WWR did not issue any shares, and did not receive any of the proceeds. In addition, subsequent to the Merger Agreement, WWR’s former Secretary, Principal Accounting Officer and one of its former directors was assigned all of the assets owned by WWR immediately prior to the execution of the Merger Agreement and has assumed all of the liabilities of WWR immediately prior to the execution of the Merger Agreement.

CHINA PHARMAHUB CORP.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

Note 1 – Organization and description of business - continued

The effect of the Merger is such that effectively a reorganization of the entities occurred for accounting purposes and the Merger is deemed to have been a reverse acquisition. Subsequent to the Merger the financial statements presented are those of a combined CPC and its subsidiaries, as if the Merger Agreement had been in effect retroactively for all periods presented. Immediately following completion of the Merger Agreement, CPC and our shareholders have effective control of WWR, even though WWR has acquired CPC. For accounting purposes, CPC is deemed to be the accounting acquirer in the transaction and, consequently, the transaction is treated as a recapitalization of WWR, i.e. , a capital transaction involving the issuance of shares by WWR for the shares of CPC. Accordingly, the combined assets, liabilities and results of operations of CPC and its subsidiaries became the historical financial statements of WWR at the closing of the Merger Agreement, and WWR assets, liabilities and results of operations were consolidated with those of CPC commencing as of August 23, 2010, the date Articles of Merger were filed with the Nevada Secretary of State. No step-up in basis or intangible assets or goodwill was recorded in this transaction. As this transaction is accounted for as a reverse acquisition, all direct costs of the transaction were charged to additional paid-in capital. All professional fees and other costs associated with transaction were charged to additional paid-in-capital.

On August 23, 2010, World Wide Relics, Inc. formally changed its name to China PharmaHub Corp. Hereafter, WWR, CPC, or any of their subsidiaries are referred to as “We”, “Us,” “Our” or “the Company” unless specific reference is made to a particular entity.

On September 15, 2009, we entered into an Exclusive Business Cooperation Agreement with the PRC National Engineering Research Center for the Development of New Drugs (“NERC”), an establishment under the PRC Ministry of Science, which is supervised by the Institute of Materia Medica and the Chinese Academy of Medical Sciences. Pursuant to the terms of the Exclusive Cooperation Agreement, we shall identify drug candidates in the United States and, ~~when Management believes the Company has sufficient resources, Europe, and~~ assist the NERC in obtaining rights to develop and market such candidates in the PRC. The NERC shall (1) identify drug candidates in the PRC that we will develop and market outside of the PRC and/or present to pharmaceutical companies located outside of the PRC and (2) assist us in conducting the necessary preclinical and clinical studies within the PRC with the State Food and Drug Administration (“SFDA”) of various selected worldwide drugs.

On January 8, 2010, we commenced a Private Placement Offering pursuant to Rule 506 of Regulation D, promulgated under the Securities Act of 1933, as amended, seeking to raise a maximum of $1,200,000 at $0.60 per share of common stock. Pursuant to offering we sold an aggregate of 1,278,019 shares to 23 investors in exchange for an aggregate $766,812, and we received $682,195 in cash, after commissions and professional fees of $84,617.

On June 15, 2010, we entered into a Definitive Agreement with Dr. David Weaver and Dr. Michael Rynkiewicz (the “Definitive Agreement”) pursuant to which we shall enter into joint ventures with Drs. Weaver and Rynkiewicz to develop and market certain intellectual property including, but not limited to, patents with respect to technologies created by Drs. Weaver and Rynkiewicz; form joint venture entities with Drs. Weaver and Rynkiewicz of which we shall own 35% of any joint venture entities formed. As to one of these joint ventures, Akanas Therapeutics, Inc. (“Akanas Therapeutics”), Drs. Weaver and Rynkiewicz have assigned their rights with respect to certain patents currently being developed to Akanas Therapeutics. We have reimbursed Drs. Weaver and Rynkiewicz for certain costs incurred as of the date of the Definitive Agreement with respect to developing the technology which is the subject of the patents. These patents utilize and analyze the atomic structure of parental antibodies to rapidly and cost-effectively create human antibodies which retain high affinity and avoid provoking a response by the immune system (the “Antibody Technology”).

On June 15, 2010, we incorporated Akanas Therapeutics, Inc, a Nevada corporation (“Akanas Therapeutics”) to develop and market the Antibody Technology. Pursuant to the terms and conditions of the Definitive Agreement, we own a 35% interest in Akanas Therapeutics. Drs. Weaver and Rynkiewicz, who jointly own the remaining 65% of Akanas Therapeutics, have contributed the exclusive rights with respect to the Antibody Technology to Akanas Therapeutics. Akanas Therapeutics is being accounted for as an equity investment of CPC with limited operations since its founding. We have committed to fund Akanas Therapeutics and other joint ventures incorporated with Drs. Weaver and Rynkiewicz with up to an aggregate of $230,000 for reasonably incurred expenses. As of March 31, 2011, we have funded Akanas Therapeutics with $64,963 in cash and 2,460 shares of CPC common stock valued at $1,476, for a total investment of $66,439. The 2,460 shares of common stock were issued to Drs. Weaver and Rynkiewicz pursuant to the Definitive Agreement as a reimbursement for their previous expenses incurred with respect to the Antibody Technology and have been treated as an investment in Akanas Therapeutics for accounting purposes. Investment in the common stock of Akanas Therapeutics is accounted for by the equity method. The carrying value of our investment in Akanas Therapeutics at March 31, 2011 was $36,525 after recording the Company’s proportional share of loss in Akanas Therapeutics for the periods ended March 31, 2011.8

CHINA PHARMAHUB CORP.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

Note 1 – Organization and description of business - continued

On June 3015, 2010, we incorporated ~~MediTherX~~Akanas Therapeutics, Inc, a Nevada corporation (“~~MediTherX~~Akanas Therapeutics”) to ~~focus~~develop ~~upon the development~~ and ~~commercialization~~market ~~of Epidermal Growth Factor Receptor (“EGFR”) human antibodies which were developed by Drs. Weaver and Rynkiewicz with~~ the ~~Beijing~~Antibody ~~Biotechnology Institute~~Technology. Pursuant to the terms and conditions of the Definitive Agreement, we own a 35% interest in ~~MediTherX~~Akanas ~~and~~Therapeutics. Drs. Weaver and Rynkiewicz, who jointly own the remaining 65% of Akanas Therapeutics, have contributed the exclusive rights with respect to the Antibody Technology to Akanas Therapeutics. ~~MediTherX~~Akanas ~~will~~Therapeutics beis being accounted for as an equity investment of CPC with limited operations since its founding. We have committed to fund Akanas Therapeutics and other joint ventures incorporated with Drs. Weaver and Rynkiewicz with up to an aggregate of $230,000 for reasonably incurred expenses. As of ~~March~~June 3130, 2011, ~~MediTherX~~we ~~has~~have ~~commenced~~funded ~~minimal~~Akanas ~~operations.~~Therapeutics ~~Investment~~with $64,963 in ~~the~~cash and 2,460 shares of CPC common stock valued at $1,476, for a total investment of ~~MediTherX~~$66,439. ~~Inc~~The 2,460 shares of common stock were issued to Drs. isWeaver ~~accounted~~and ~~for~~Rynkiewicz bypursuant to the ~~equity~~Definitive ~~method.~~Agreement ~~During~~as a reimbursement for their previous expenses incurred with respect to the ~~twelve~~Antibody ~~months~~Technology ~~ended~~and ~~December~~have ~~31,~~been ~~2010~~treated weas ~~invested~~an ainvestment ~~total~~in ofAkanas ~~$325~~Therapeutics for accounting purposes. Investment in ~~MediTherX~~the common stock of Akanas Therapeutics is accounted for by the equity method. The carrying value of our investment in ~~MediTherX,~~Akanas ~~Inc.~~Therapeutics at ~~March~~June 3130, 2011 was $~~211~~34,486 after recording the Company’s proportional share of loss in ~~MediTherX~~Akanas Therapeutics for the ~~period~~periods ended ~~March~~June 3130, 2011.

On June 30, 2010, we incorporated MediTherX, Inc, a Nevada corporation (“MediTherX”) to focus upon the development and commercialization of Epidermal Growth Factor Receptor (“EGFR”) human antibodies which were developed by Drs. Weaver and Rynkiewicz with the Beijing Biotechnology Institute. Pursuant to the terms and conditions of the Definitive Agreement, we own a 35% interest in MediTherX and Drs. Weaver and Rynkiewicz jointly own the remaining 65%. MediTherX will be accounted for as an equity investment of CPC. As of June 30, 2011, MediTherX has commenced minimal operations. Investment in the common stock of MediTherX, Inc. is accounted for by the equity method. During the twelve months ended December 31, 2010 we invested a total of $325 in MediTherX. The carrying value of our investment in MediTherX, Inc. at June 30, 2011 was $211 after recording the Company’s proportional share of loss in MediTherX for the period ended June 30, 2011.

On July 1, 2010, we entered into a Cooperation Agreement to form a strategic partnership with Chengdu Yongkon Pharmacy Co., Ltd. (“Chengdu Yongkon”), pursuant to which the Company shall identify pharmaceutical products and medical devices produced by third parties in regions outside of the PRC and negotiate with such third parties the terms to sell such products and devices in the PRC through Chengdu Yongkon’s established distribution channels, upon terms which shall be mutually agreed upon between PharmaHub and Chengdu Yongkon on a project by project basis.

On July 1, 2010, we entered into a Cooperation Agreement to form a strategic partnership with the Sichuan Provincial government through the Sichuan Technical Exchange Center, a subsidiary of the Sichuan Provincial Science & Technology Department, focusing upon the bio-pharmaceutical and medical device industries to promote technological exchange and transfer between the PRC and the U.S.

On August 17, 2010, we entered into an Exclusive Distributor Agreement with MO-SCI Corp., pursuant to which we obtained the exclusive rights to market and sell high precision glass spheres in the Greater China Region, Singapore, Malaysia, and Bangladesh.

On August 19, 2010, we incorporated True Value Capital, Inc., (“TVC”) a Nevada corporation, as a wholly owned subsidiary.

On October 11, 2010, we entered into a Distribution Agreement with Integrated Biometrics, LLC, effective October 27, 2010, to distribute in the Greater China Region, Integrated Biometrics’ patented Light Emitting Sensor biometric fingerprint scanner on an exclusive basis to certain industries and on a non-exclusive basis to the other industries.

CHINA PHARMAHUB CORP.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

Note 1 – Organization and description of business - continued

On November 15, 2010, we entered into an Exclusive Distributor Agreement with Illumibrite LLC (“Illumibrite”) for four years expiring or December 31, 2014, pursuant to which the Company is appointed to act as the exclusive distributor within the territory that includes PRC, Hong Kong, Taiwan and Macau, for the promotion, sale and delivery of products manufactured or marketed by Illumibrite, which include the Illumibrite Professional Teeth Whitening System and the Gel Savers Trays.

On December 3, 2010, we entered into a Cooperation Agreement with Guangzhou Baidi Biotechnology to identify suitable projects for Guangzhou Baidi Biotechnology outside China.

On December 22, 2010, we entered into a Cooperation Agreement with Chengdu Yunke Pharmaceutical in which we will obtain suitable projects for Chengdu Yunke outside China.

On December 23, 2010, we entered into a Cooperation Agreement with Xiangxue Pharmaceutical to identify and pursue suitable projects for Xiangxue outside China.

On January 5, 2011, the Company formed a subsidiary CPC NuLife, Inc. in the state of Nevada, of which CPC owns 92%, to focus on the development and commercialization of irradiated microsphere device treating malignant tumors. The remaining 8% is owned by two of CPC’s advisors.

On March 7, 2011, the Company formed a subsidiary, Universal Blood Technology, Inc. in the state of Nevada, of which the Company owns 90%. The remaining 10% is owned by Shellwater & Co., a nominee of the Regents of the University of California.

On March 15, 2011, the Company announced that it has signed an exclusive worldwide license agreement with the University of California, for worldwide rights to develop, commercialize and market a universal donor blood product derived from embryonic stem cells developed by UCSD Associate Professor of Medicine and Pediatrics Dr. Ewa Carrier.

On May 2, 2011, we formed NatureSmart Technology, Inc. in the state of Nevada to focus on the marketing and sales of bio-fertilizer. We own 70% of this entity. The remaining 30% is owned by investor Qi Fa Zhang.

On May 6, 2011, we formed Marco Polo Hub, LLC in the state of Nevada, of which we own 100%, to conduct internet and retail sales and marketing of nutraceuticals with an initial focus on dental and oral hygiene products.

Note 2 - Summary of Significant Accounting Policies

Basis of Presentation

The accompanying consolidated interim financial statements are unaudited. In the opinion of management, all necessary adjustments (which include only normal recurring adjustments) have been made to present fairly the financial position, results of operations and cash flows for the periods presented. Certain information and footnote disclosure normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. However, the Company believes that the disclosures are adequate to make the information presented not misleading. These consolidated interim financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the year ended December 31, 2010 financial statements which are contained in the Company’s Form 10-K which has been filed with the United States Securities and Exchange Commission. The results of operations for the three and six months period ended June 30, 2011 are not necessarily indicative of the operating results to be expected for the full year ended December 31, 2011.

CHINA PHARMAHUB CORP.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

Note 12 –- ~~Organization~~Summary ~~and~~of ~~description~~Significant ofAccounting ~~business~~Policies - continued

Note 2 - Summary of Significant Accounting Policies

Basis of Presentation

The accompanying consolidated interim financial statements are unaudited. In the opinion of management, all necessary adjustments (which include only normal recurring adjustments) have been made to present fairly the financial position, results of operations and cash flows for the periods presented. Certain information and footnote disclosure normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. However, the Company believes that the disclosures are adequate to make the information presented not misleading. These consolidated interim financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the year ended December 31, 2010 financial statements which are contained in the Company’s Form 10-K which has been filed with the United States Securities and Exchange Commission. The results of operations for the three months period ended March 31, 2011 are not necessarily indicative of the operating results to be expected for the full year ended December 31, 2011.

Principles of consolidation

The consolidated financial statements of CPC reflect the activities of the following subsidiary:

Subsidiary		Percentage Of Ownership
True Value Capital, Inc.	Nevada corporation		100	%
CPC Nulife, Inc.	Nevada corporation		92	%
Universal Blood Technology, Inc.	Nevada corporation		90	%
NatureSmart Technology, Inc.	Nevada corporation		70	%
Marco Polo Hub, LLC	Nevada company		100	%

True Value Capital, Inc. was incorporated on August 19, 2010.

CPC NuLife, Inc. was incorporated on January 5, 2011.

Universal Blood Technology, Inc. was incorporated on March 7, 2011.

NatureSmart Technology, Inc. was incorporated on May 2, 2011.

Marco Polo Hub, LLC was formed on May 6, 2011.

The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America. All significant inter-company transactions and accounts have been eliminated in the consolidation.

Foreign Currency Translation

Assets and liabilities of subsidiaries operating in foreign countries are translated into U.S. dollars using both the exchange rate in effect at the balance sheet date or historical rate, as applicable. Results of operations are translated using the average exchange rates prevailing throughout the year. The effects of exchange rate fluctuations on translating foreign currency assets and liabilities into U.S. dollars are included in a separate component of stockholders’ equity (accumulated other comprehensive loss), while gains and losses resulting from foreign currency transactions are included in operations as other (income) expense.

The Company has no foreign subsidiaries as of ~~March~~June 3130, 2011 and December 31, 2010.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

Cash and Cash Equivalents

Cash and cash equivalents include cash in hand and cash in time deposits, certificates of deposit and all highly liquid debt instruments with original maturities of three months or less. At March 31, 2011, cash and cash equivalents amounted to $485,991, of which $217,591 was with a bank in China. At December 31, 2010, cash and cash equivalents amounted to $640,773, of which $374,828 was with a bank in China.

At various times and subsequent to March 31, 2011, we maintained account balances that exceeded federally insured limits of $250,000 per deposit account, and the risk of losses related to such concentrations may be increasing as a result of economic developments. Cash in bank deposited with bank in China are not insured.

Equipment

Furniture and equipment is stated at cost, less accumulated depreciation. Depreciation is provided using the straight-line method over the estimated useful lives of the related assets (primarily three to five years).

CHINA PHARMAHUB CORP.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

Note 2 - Summary of Significant Accounting Policies - continued

~~Equipment~~Cash isand ~~stated~~Cash at cost, less accumulated depreciation. Depreciation is provided using the straight-line method over the estimated useful lives of the related assets (primarily three to five years). Equipment as of March 31, 2011 consisted of the following:Equivalents

	March 31, 2011		December 31, 2010
			(Audited)
Equipment	$	22,375	$	22,375
Less: Accumulated Depreciation		2,238		1,119
Equipment, net	$	20,137	$	21,256

Cash and cash equivalents include cash in hand and cash in time deposits, certificates of deposit and all highly liquid debt instruments with original maturities of three months or less. At June 30, 2011, cash and cash equivalents amounted to $386,302, of which $155,667 was with a bank in China. At December 31, 2010, cash and cash equivalents amounted to $640,773, of which $374,828 was with a bank in China.

~~Depreciation~~At ~~expense~~various ~~for~~times ~~the~~and ~~three~~subsequent ~~month~~to ~~ended~~June ~~March 31~~30, 2011, ~~and~~we ~~2010~~maintained ~~totaled~~account balances that exceeded federally insured limits of $1250,~~119~~000 ~~and~~per $1deposit account,~~119,~~ ~~respectively~~and the risk of losses related to such concentrations may be increasing as a result of economic developments. Cash in bank deposited with bank in China are not insured.

Equipment

Equipment is stated at cost, less accumulated depreciation. Depreciation is provided using the straight-line method over the estimated useful lives of the related assets (primarily three to five years). Equipment as of June 30, 2011 consisted of the following:

	June 30, 2011		December 31, 2010
			(Audited)
Equipment	$	24,911	$	22,375
Less: Accumulated Depreciation		3,406		1,119
Equipment, net	$	21,505	$	21,256

Depreciation expense for the three month ended June 30, 2011 and 2010 totaled $1,167 and $0, respectively. Depreciation expense for the six month ended June 30, 2011 and 2010 totaled $2,286 and $0, respectively.

Equity Investments

We account for equity investments using the equity method unless the value of such investment has been determined to be other than temporarily impaired, in which case we write the investment down to its impaired value. Our policy is to review its investments periodically for impairment and make appropriate reductions in carrying value when an other-than-temporary decline is evident; however, for non-marketable equity securities, the impairment analysis requires significant judgment. During a review, we evaluate the financial condition of the issuer, market conditions, and other factors providing an indication of the fair value of the investments. Adverse changes in market conditions or operating results of the issuer that differ from expectations could result in additional other-than-temporary losses in future periods.

CHINA PHARMAHUB CORP.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

Note 2 - Summary of Significant Accounting Policies - continued

Revenue Recognition

We follow the guidance of ASC Topic 605, formerly, SAB 104 for revenue recognition. In general, we record revenue when persuasive evidence of an arrangement exists, services have been rendered, the sales price to the customer is fixed or determinable, and collectability is reasonably assured.

Revenues from services are recognized when the services are performed, evidence of an arrangement exists, the fee is fixed and determinable and collectability is probable. In circumstances when these criteria are not met, revenue recognition is deferred until resolution occurs.

Income Taxes

We account for income taxes under ASC Topic 740, “Accounting for Income Taxes”. The Topic requires the recognition of deferred tax assets and liabilities for both the expected impact of differences between the financial statements and tax basis of assets and liabilities, and for the expected future tax benefit to be derived from tax loss carry-forwards. The topic additionally requires the establishment of a valuation allowance to reflect the likelihood of realization of deferred tax assets. Deferred income taxes are determined using the liability method for the temporary differences between the financial reporting basis and income tax basis of our assets and liabilities. Deferred income taxes are measured based on the tax rates expected to be in effect when the temporary differences are included in our tax return. Deferred tax assets and liabilities are recognized based on anticipated future tax consequences attributable to differences between financial statement carrying amounts of assets and liabilities and their respective tax bases.

Earnings (Loss) Per Share of Common Stock

We present basic earnings (loss) per share and, if appropriate, diluted earnings per share in accordance with ASC Topic 260, “Earnings per Share”. Under the topic basic net income (loss) per share is computed by dividing net income (loss) for the period by the weighted-average number of shares outstanding during the period. Diluted net income per share is computed by dividing net income for the period by the weighted-average number of common share equivalents during the period. At ~~March~~June 3130, 2011 there were no options or warrants outstanding.

Stock-Based Compensation

We have adopted FASB Accounting Standards Codification Topic 718-10, “Compensation- Stock Compensation” (“ASC 718-10”) which requires the measurement and recognition of compensation expense for all stock-based payment awards made to employees and directors. Under the fair value recognition provisions of ASC 718-10, stock-based compensation cost is measured at the grant date based on the value of the award and is recognized as expense over the vesting period.

Determining the fair value of stock-based awards at the grant date requires considerable judgment, including estimating the expected future volatility of our stock price, estimating the expected length of term of granted options and selecting the appropriate risk-free rate.

1213

CHINA PHARMAHUB CORP.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

Note 2 - Summary of Significant Accounting Policies - continued

Fair Value of Financial Instruments

The carrying amounts reported in the balance sheet for cash, accounts receivable and payable approximate fair value based on the short-term maturity of these instruments.

Fair value of certain of our financial instruments, including cash and cash equivalents, inventory, account payable, accrued expenses, notes payables, and other accrued liabilities, approximate cost because of their short maturities. We measure and report fair value in accordance with ASC 820, “Fair Value Measurements and Disclosure” defines fair value, establishes a framework for measuring fair value in accordance with generally accepted accounting principles and expands disclosures about fair value investments.

Fair value, as defined in ASC 820, is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value of an asset should reflect its highest and best use by market participants, principal (or most advantageous) markets, and an in-use or an in-exchange valuation premise. The fair value of a liability should reflect the risk of nonperformance, which includes, among other things, our credit risk.

Valuation techniques are generally classified into three categories: the market approach; the income approach; and the cost approach. The selection and application of one or more of the techniques may require significant judgment and are primarily dependent upon the characteristics of the asset or liability, and the quality and availability of inputs. Valuation techniques used to measure fair value under ASC 820 must maximize the use of observable inputs and minimize the use of unobservable inputs. ASC 820 also provides fair value hierarchy for inputs and resulting measurement as follows:

Level 1 - Quoted prices (unadjusted) in active markets those are accessible at the measurement date for identical assets or liabilities;

Level 2 - Quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability; and inputs that are derived principally from or corroborated by observable market data for substantially the full term of the assets or liabilities; and

Level 3 - Unobservable inputs for the asset or liability that are supported by little or no market activity and that are significant to the fair values.

Fair value measurements are required to be disclosed by the Level within the fair value hierarchy in which the fair value measurements in their entirety fall. Fair value measurements using significant unobservable inputs (in Level 3 measurements) are subject to expanded disclosure requirements including a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (i) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings, and a description of where those gains or losses included in earning are reported in the statement of income.

Intangible Assets

We account for intangible assets in accordance with the provisions of ASC Topic 350, “Goodwill and Other Intangible Assets,” which requires intangible assets with indefinite useful lives not be amortized, but be tested for impairment annually or whenever indicators or impairments arise. Intangible assets that have finite lives continue to be amortized over their estimated useful lives. The Company did not have intangible assets as of ~~March~~June 3130, 2011 and December 31, 2010.

~~Research and Development~~14

Research and development costs are expensed as incurred and to be included in general and administrative expenses. Research and development costs are incurred on a project specific basis. We had no research and development expenses for any periods covered by these financial statements.

CHINA PHARMAHUB CORP.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

Note 2 - Summary of Significant Accounting Policies - continued

Research and Development

Recent Accounting Pronouncements

The following is a list of recent accounting pronouncements summarized below:

- In April 2010, the FASB issued Accounting Standards Update 2010-13 (ASU 2010-13), "Compensation—Stock Compensation (Topic 718)." This Update provides amendments to Topic 718 to clarify that an employee share-based payment award with an exercise price denominated in the currency of a market in which a substantial portion of the entity’s equity securities trades should not be considered to contain a condition that is not a market, performance or service condition. Therefore, an entity would not classify such an award as a liability if it otherwise qualifies as equity. The amendments in ASU 2010-13 are effective for fiscal years, and interim periods within those fiscal years, beginning on or after December 15, 2010. The provisions of ASU 2010-13 did not have a material effect on our consolidated financial statements.

- In March 2010, the FASB issued Accounting Standards Update 2010-11 (ASU 2010-11), "Derivative and Hedging (Topic 815)." All entities that enter into contracts containing an embedded credit derivative feature related to the transfer of credit risk that is not only in the form of subordination of one financial instrument to another will be affected by the amendments in this Update because the amendments clarify that the embedded credit derivative scope exception in paragraph 815-15-15-8 through 15-9 does not apply to such contracts. ASU 2010-11 became effective at the beginning of a reporting entity's first fiscal quarter beginning after June 15, 2010. The provisions of ASU 2010-11 did not have a material effect on our consolidated financial statements.

- In February 2010, the FASB issued Accounting Standards Update 2010-10 (ASU 2010-10), "Consolidation (Topic 810)." The amendments to the consolidation requirements of Topic 810 resulting from the issuance of Statement 167 are deferred for a reporting entity's interest in an entity (1) that has all the attributes of an investment company or (2) for which it is industry practice to apply measurement principles for financial reporting purposes that are consistent with those followed by investment companies. An entity that qualifies for the deferral will continue to be assessed under the overall guidance on the consolidation of variable interest entities in Subtopic 810-10 (before the Statement 167 amendments) or other applicable consolidation guidance, such as the guidance for the consolidation of partnerships in Subtopic 810-20. The deferral is primarily the result of differing consolidation conclusions reached by the International Accounting Standards Board ("IASB") for certain investment funds when compared with the conclusions reached under Statement 167. The deferral was effective as of the beginning of a reporting entity's first annual period that begins after November 15, 2009, and for interim periods within that first annual reporting period, which coincides with the effective date of Statement 167. Early application is not permitted. The provisions of ASU 2010-10 were effective for the Company beginning in 2010. The adoption of ASU 2010-10 did not have a material impact on our consolidated financial statements.

A variety of proposed or otherwise potential accounting standards are currently under study by standard setting organizations and various regulatory agencies. Due to the tentative and preliminary nature of those proposed standards, we have not determined whether implementation of such proposed standards would be material to the consolidated statements.

Note 3 – Stockholders’ Equity

Prior to the Merger Agreement, and the Merger, the following equity transactions were recorded by CPC for cash and services:

- On August 10, 2009, CPC received $20,000 in cash, with respect to the issuance of 12,000,000 common shares of CPC.

- In connection with CPC’s founding, CPC issued 100,000 shares of common stock for services valued at $0.00167 for a total of $167.

14On November 1, 2009, CPC received $200 in cash, with respect to the issuance of 120,000 common shares of CPC.

On January 5, 2010, CPC approved a limited and nonpublic offering of shares of CPC’s common stock to “Accredited Investors” only, pursuant to Sections 4(2) and 4(6) of the Securities Act of 1933, as amended, and Rule 506 of Regulation D promulgated thereunder and applicable state securities laws. CPC received $682,195 in cash, after commissions and professional fees of $84,617, with respect to the issuance of 1,278,019 common shares of CPC at $0.60 per share.

CHINA PHARMAHUB CORP.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

Note 3 – Stockholders’ Equity - continued

-In OnJanuary ~~November~~2010 CPHC, CPHC entered into four agreements for consulting services with three individuals and a Florida limited liability company. These agreements provide for services to be rendered over periods ranging from 44 to 46 months. Pursuant to the terms of the agreements, CPHC agreed to sell an aggregate of 1,720,885 ~~2009~~shares of common stock to the service providers, ~~CPC~~for ~~received~~cash in the aggregate amount of $~~200~~2,872, or $0.00167 per share. Such shares have been allocated in ~~cash,~~accordance with ~~respect~~the toproportional share purchases among the four service providers. These shares upon their issuance have been held by CPHC in escrow to be released quarterly based upon the performance of ~~120~~services as provided under agreements. Upon release these shares are then accounted for at their then market value. Upon achievement of the quarterly performance criteria CPHC releases from escrow a proportional amount of shares based upon each service agreement. If the service agreement(s) should be cancelled,~~000~~ the service provider is refunded any unearned shares at the original purchase price of $0.00167 per share, after which CPHC cancels these shares. Prior to the Merger Agreement, and the Merger, CPHC released 231,543 shares of CPHC's common stock valued at $0.60 per share, less the purchase price of $0.00167 per share, or $138,541, upon completion of required services. Subsequent to the Merger, during the year ended December 31, 2010, CPHC released 223,449 shares of ~~CPC~~CPHC's common stock valued at $0.60 per share, less the purchase price of $0.00167 per share, or $133,697. During the six months ended June 30, 2011, CPHC released 91,304 shares of CPHC's common stock valued at $0.6 per share, less the purchase price of $0.00167 per share, or $54,630. Subsequent to the Merger, during the year ended December 31, 2010, two contracts with 36,950 and 71,551 unearned shares remaining, valued at the purchase price of $0.00167 per share or $62 and $119, respectively were cancelled. During the six months ended June 30, 2011 a contract with 640,000 unearned shares remaining, valued at the purchase price of $0.00167 per share or $1,069, was cancelled. As of June 30, 2011, a total of 471,470 shares were held in escrow.

-In On January 5, 2010, CPC ~~approved~~issued a20,000 ~~limited and nonpublic offering of~~ shares of ~~CPC’s~~ common stock tofor ~~“Accredited~~services ~~Investors”~~valued only, pursuant to Sections 4(2) and 4(6) of the Securities Act of 1933, as amended, and Rule 506 of Regulation D promulgated thereunder and applicable state securities laws. CPC received $682,195 in cash, after commissions and professional fees of $84,617, with respect to the issuance of 1,278,019 common shares of CPC at $0.60 per share, or $12,000.

-During InApril ~~January 2010 CPHC, CPHC entered into four agreements for consulting services with three individuals~~ and aMay ~~Florida~~2010 ~~limited~~CPC ~~liability~~issued ~~company. These agreements provide for services to be rendered over periods ranging from 44 to 46 months. Pursuant to the terms of the agreements~~20,000 ~~CPHC agreed to sell an aggregate of 1,720,885~~ shares of common stock to the service providers, for cash in the aggregate amount of $2,872, or $0.00167 per share. Such shares have been allocated in accordance with the proportional share purchases among the four service providers. These shares upon ~~their~~entering ~~issuance~~into ~~have~~two ~~been~~consulting ~~held by CPHC in escrow to be released quarterly based upon the performance of services as provided under~~ agreements. ~~Upon~~with ~~release~~members ~~these shares are then accounted for at their then market value. Upon achievement~~ of ~~the~~its ~~quarterly~~Scientific ~~performance~~Advisory ~~criteria~~Board ~~CPHC releases from escrow a proportional amount of shares based upon each service agreement. If the service agreement~~(s“SAB”) ~~should be cancelled, the service provider is refunded any unearned shares at the original purchase price of $0~~.~~00167~~ ~~per~~These ~~share,~~contracts ~~after~~had ~~which~~a ~~CPHC~~one cancels these shares. Prior to the Merger Agreement, and the Merger, CPHC released 231,543 shares of CPHC's common stock valued at $0.60 per share, or $138,541, upon completion of required services. Subsequent to the Merger, during the year ~~ended~~service ~~December~~commitment ~~31,~~from ~~2010, CPHC released 223,449 shares of CPHC's common stock valued at $0.60 per share, less~~ the ~~purchase~~various ~~price~~dates of ~~$0.00167~~entry ~~per~~into ~~share, or $133,697. During~~ the ~~three months ended March 31, 2011, CPHC released 45,652 shares of CPHC's common stock valued at $0~~agreements.6 ~~per~~Under ~~share,~~these ~~less the purchase price of $0.00167 per share, or $27,315. Subsequent to the Merger, during the year ended December 31, 2010, two~~ contracts ~~with~~each ~~36,950~~member ~~and 71,551 unearned shares remaining, valued at the purchase price~~ of ~~$0.00167 per share or $62 and $119, respectively were cancelled. During~~ the ~~three~~SAB ~~months~~received ~~ended March 31~~10, ~~2011 a contract with 640,~~000 ~~unearned~~ shares ~~remaining,~~for services valued at ~~the purchase price of~~ $0.~~00167~~60 per share ~~or $1~~,~~069,~~ ~~was~~for ~~cancelled. As of March 31, 2011,~~ a total of ~~471~~$12,~~470~~000. These shares were ~~held~~expensed inupon ~~escrow~~issuance.

-On InJune ~~January~~1, 2010, CPC entered into a service agreement that is to last four years until May 31, 2014. This agreement calls for the issuance of 3,125 shares per month during any month in which service is provided. On June 1, 2010, CPC issued 203,~~000~~125 shares of common stock for services valued at $0.60 per share, orfor a total of $121,~~000~~875. No other shares were issued by CPC with respect to this service agreement .

- During April and May 2010 CPC issued 20,000 shares of common stock upon entering into two consulting agreements with members of its Scientific Advisory Board (“SAB”). These contracts had a one year service commitment from the various dates of entry into the agreements. Under these contracts each member of the SAB received 10,000 shares for services valued at $0.60 per share, for a total of $12,000. These shares were expensed upon issuance.

- On June 1, 2010, CPC entered into a service agreement that is to last four years until May 31, 2014. This agreement calls for the issuance of 3,125 shares per month during any month in which service is provided. On June 1, 2010, CPC issued 3,125 shares of common stock for services valued at $0.60 per share, for a total of $1,875. No other shares were issued by CPC with respect to this service agreement.

Subsequent to the Merger Agreement, and the Merger, the following equity transactions were recorded by the Company:

- In July 2010, wethe ~~contributed~~Company issued 2,460 shares of its common stock valued at $0.60 per share, or $1,476, towards the purchase of its equity investment in Akanas Therapeutics.

- On August 4, 2010, wethe Company closed upon a private placement of its shares of common stock pursuant to Regulation S of the Securities Act of 1933, as amended. A total of 1,000,000 shares were sold to non-U.S. investors at $0.60 per share. The net proceeds from the sale, after finder’s fee and estimated offering costs totaling $60,000, was $540,000.

15On August 17, 2010, the Company approved the issuance of 10,000 shares of common stock for services valued at $0.60 per share, or $6,000, to a SAB Board member. These shares were expensed upon issuance. On August 01, 2010, the Company approved the issuance of 20,000 shares of common stock for services contracts with a one year commitment for a total of 10,000 shares valued at $0.60 per share, or $6,000, to two SAB members. During the quarter ended June 30, 2011, 2,500 shares were issued to each member for a total of 5,000 shares valued at $0.60 per share, or $3,000.00.

CHINA PHARMAHUB CORP.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

Note 3 – Stockholders’ Equity - continued

	-	On August 17, 2010, we approved the issuance of 10,000 shares of common stock for services valued at $0.60 per share, or $6,000, to a SAB Board member. These shares were expensed upon issuance.
	-	On August 01, 2010, we approved the issuance of 20,000 shares of common stock for services contracts with a one year commitment for a total of 10,000 shares valued at $0.60 per share, or $6,000, to two SAB members. As of March 31, 2010, 5,000 shares were issued to each member for a total of 10,000 shares valued at $0.60 per share, or $6,000.00.

In connection with the Merger Agreement, and the Merger, the shareholders of WWR prior to the Merger retained 1,478,559 shares of CPC.

On August 13, 2010 we approved the increase in the number of its authorized common shares from 25,000,000 shares to 100,000,000 shares.

Note 4 – Commitments

We currently lease office space at 1 Broadway-14th Floor, Cambridge, MA on a month-to-month basis. Included in the total deposit of $2,330 is a rent deposit of $790 with respect to the premises.

We entered into an office lease at 20955 Pathfinder Road, Suite 100, Diamond Bar, CA as of September 29, 2010. This lease is on a month –to- month basis. Basic monthly charges are $1,~~239~~290 per month. Included in the total deposit of $2,330 is a rent deposit of $1,540 with respect to the premises.

Note 5 - Subsequent Events

We have evaluated subsequent events that occurred after the balance sheet date up to the date the financial statements were issued and has determined that there were no other reportable events to be disclosed

1617

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS OF CHINA PHARMAHUB CORP

The following is a discussion of PharmaHub’s financial condition and results of operations from inception (July 9, 2009) through ~~March~~June 3130, 2011. You should consider the foregoing when reviewing the consolidated financial statements and this discussion. You should read this section together with the consolidated financial statements including the notes to those financial statements for the years mentioned above. This discussion includes forward-looking statements which, although based on assumptions that the management of PharmaHub considers reasonable, are subject to risks and uncertainties. The actual results and timing of selected events could differ materially from those anticipated in these forward-looking statements as a result of various factors, including those set forth under “Risk Factors” and elsewhere in this report.

Overview

We are a development stage biopharmaceutical company focusing on the identification, acquisition, development and commercialization of pharmaceutical and healthcare products and technologies to address what Management believes are important unmet medical needs or which offer improved and cost-effective alternatives to current methods of treatment. We intend to form relationships with, and then act as an intermediary between, Chinese pharmaceutical companies and other pharmaceutical companies located worldwide with initial emphasis in the United States, ~~and when Management determines we have sufficient resources, in Europe (~~with a goal of eventually becoming a global pharmaceutical “HUB”).

Since our inception in July 2009, we have formed strategic partnerships and entered into cooperation agreements with research institutes, pharmaceutical companies and a governmental agency in the PRC. In September 2009, we entered into an exclusive cooperation with the National Engineering Research Center for the Development of New Drugs, d/b/a Beijing Collab Pharma Co. Ltd. (“NERC”), a quasi-state owned enterprise formed by the Ministry of Science and Technology of the People’s Republic of China. Pursuant to the terms of the Exclusive Cooperation Agreement, PharmaHub shall identify promising drug candidates in the United States and ~~eventually Europe and~~ assist the NERC in obtaining rights to develop and market such candidates in the People’s Republic of China (the “PRC”) and the NERC shall (1) identify promising drug candidates in the PRC for PharmaHub to develop and market outside of the PRC and/or present to pharmaceutical companies located outside of the PRC and (2) assist ~~PharmaHub~~The Company in conducting the necessary preclinical and clinical studies within the PRC with the State Food and Drug Administration (“SFDA”) of various selected worldwide drugs.

The Company currently does not have operations or generate revenues. We intend to meet our capital requirements for any expenses we may have with existing agreements and relations with parties with which we enter into agreements and joint ventures.

In June 2010, we formed Akanas Therapeutics, Inc. with Dr. David Weaver and Dr. Michael Rynkiewicz to further the research and development of a proprietary technology using atomic structure to rapidly and cost-effectively create humanized antibodies which retain high affinity and avoid immunogenicity.

In July 2010, we formed a strategic partnership with the Sichuan Provincial government through the Sichuan Technology Exchange Center (the “STEC”), a subsidiary of the Sichuan Provincial Science & Technology Department, pursuant to which we and the STEC shall identify and present to each other promising pharmaceutical technologies in the United States and the PRC, respectively, to promote technological exchange and transfer between China and the U.S.

In July 2010, we entered into a cooperation agreement with Chengdu Yongkon Pharmacy Co. Ltd., a Chinese pharmaceutical company with an established sales network in China. (“Chengdu Yongkon”). Pursuant to the terms of the cooperation agreement, we have been appointed by Chengdu Yongkon to be its appointed agent to identify pharmaceutical products and medical devices in the U.S. and negotiate the terms to sell such products and devices within the PRC.

In August 2010, we entered into an Exclusive Distribution Agreement with Mo-Sci Corp., to research, give PharmaHub the exclusive right to market and sell certain high precision glass spheres in China, Hong Kong, Taiwan and Macau (collectively, the “Greater China Region”), Singapore, Malaysia, and Bangladesh.

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS OF CHINA PHARMAHUB CORP - continued

In October 2010, we entered into an agreement with Integrated Biometrics, LLC (“IB”), effective October 27, 2010, to distribute IB’s patented Light Emitting Sensor (“LES”) biometric fingerprint scanner on an exclusive basis to certain industries in the PRC.

On November 15, 2010, we entered into an Investors Relations Services Agreement with Stern Investor Relations, Inc. (“Stern”), pursuant to which Stern has agreed to render investor relations services to us. We shall pay Stern for its services a cash fee of $10,000 per month with an initial term ending May 31, 2011 and continuing thereafter on a month to month basis unless terminated by either party at any time upon sixty (60) days’ prior written notice after May 31, 2011. We have temporarily ceased payments as of June 1, 2011.

On November 15, 2010, we entered into an Exclusive Distributor Agreement with Illumibrite LLC (“Illumibrite”), pursuant to which we were appointed to act as the exclusive distributor within the territory that includes PRC, Hong Kong, Taiwan and Macau, for the promotion, sale and delivery of products manufactured or marketed by Illumibrite, which include the Illumibrite Professional Teeth Whitening System and the Gel Savers Trays. The term of this agreement is four (4) years expiring on December 31, 2014, however, it may be extended for one or more terms of three (3) years following the date on which the Agreement is scheduled to terminate provided:

	(1)	During the period beginning nine months, and ending six months, prior to the scheduled date of termination of this Agreement, Distributor gives Illumibrite notice of its intention to so extend the term of this Agreement, and,
	(2)	Illumibrite, during the three-month period following its receipt of the notice described in clause (i) above, gives notice to Distributor of its intention to so extend the term of this Agreement

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS OF CHINA PHARMAHUB CORP - continued

In December 2010, we entered into Cooperation Agreements separately with Guangzhou Baidi Biotechnology Co., Ltd., Chengdu Yunke Pharmaceutical Co., Ltd., and Xiangxue Pharmaceutical Co., Ltd. and a Letter of Intent with Chengdu Gaotong Isotope Co., Ltd. Pursuant to the terms of these cooperation agreements, these pharmaceutical companies will evaluate our current product candidates. In addition, we have been appointed by the first of these three pharmaceutical companies to be their appointed agent to identify pharmaceutical products and medical devices in the U.S. and negotiate the terms to sell such products and devices within the PRC. We intend to negotiate and enter into project specific agreements for specific product candidates.

On January 5, 2011, we incorporated CPC NuLife, Inc. (“NuLife”) in the State of Nevada, in which we own 92% to focus on the development and commercialization of irradiated high precision micron-sized glass spheres treating malignant tumor (“NuLife Spheres”).

On March 07, 2011, we incorporated Universal Blood Technologies, Inc. in the State of Nevada ~~of which the Company owns 90%~~, to be utilized in connection with the license agreement with the University of California, discussed below. ~~The remaining 10% is owned by Shellwater & Co., a nominee of the Regents of the University of California.~~

On March 15, 2011, we entered into an exclusive worldwide license agreement with the University of California, to develop, commercialize, and market a universal donor blood product derived from embryonic stem cells developed by UCSD Associate Professor of Medicine and Pediatrics Dr. Ewa Carrier. Pursuant to this agreement, the University may publish or otherwise disseminate information concerning the Invention at anytime and the Company is paying consideration for its early access to the Invention.

On May 6, 2011, we formed Marco Polo Hub, LLC in the state of Nevada, of which we own 100% to conduct internet and retail sales and marketing of nutraceuticals with an initial focus on dental and oral hygiene products.

Our goal is to maximize the value of existing intellectual properties and technologies of the companies with which we intend to enter into agreements, including, but not limited to, partnership or licensing agreements. Our business plan has two main prongs: (1) to initiate, conduct and fund costs related to preclinical & clinical studies in the People’s Republic (the “PRC”) of selected drugs which are being developed in the United States, and (2) to attempt to maximize the value of worldwide licensing rights, excluding the PRC, of preclinical & clinical drugs classified as early and late stage by the State Food and Drug Administration of the People’s Republic of China (the “China SFDA”). Our current employees and consultants predominately provide services to identify technology and strategic partners in executing our business plan. Our management is involved on an ongoing basis with respect to seeking relationships in China which will result in future research and development, and commercial and sales activities in China. We do not anticipate any current consultant or advisor other than officers to participate in the research and development, or engage in commercial and sales activities.

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS OF CHINA PHARMAHUB CORP - continued

We have set initial milestones with respect to our products. The following is a summary of our milestones:

	(1)	The first milestone with respect to the products being developed by MediTherX is reaching clinical trials in China, which is estimated to cost $2,000,000. After obtaining approval from SFDA for clinical trials, we plan to conduct Phase I Clinical trials while starting to negotiate out-licensing opportunities with pharmaceutical companies. We anticipate it will take 12-18 months before we are ale to begin Phase I Clinical trials.
	(2)	The first milestone with respect to the NuLife Spheres is obtaining a ~~Permanent~~Premarket Approval ("PMA") or CE Mark, ~~("Conformité~~the ~~Européénne"~~European ~~Mark)~~mark of approval for marketing, which is estimated to cost $2,000,000 for related pre-clinical and clinical trials. Upon approval of either PMA or CE Mark, we expect to generate revenue by marketing this product in the respective region for which it is approved. We anticipate it will be 12-18 months before we obtain a PMA and 18-24 months before we obtain a CE Mark.

	(3)	The first milestone with respect to the Biometric Fingerprint Scanner is to identify and enter into an agreement with a lock manufacturer and/or other distributors, which is estimated to cost $20,000 to $30,000. The product does not require regulatory approval from the Chinese government prior to sale to the general public. We anticipate entering into an agreement with a lock manufacturer and /or other distributors within approximately six months.
	(4)	The first milestone with respect to the Illumibrite System is obtaining clearance for distribution from ~~Chinese~~China ~~Mistry~~Ministry of Health ("~~CMOH~~China MOH"). We anticipate generating revenues within three to six months of achieving the first milestone, allowing time for packaging, marketing, and sales. We estimate that the clearance for distribution combined with these expenses will cost between $30,000 and $50,000 total.

Since inception we have focused upon organizing ~~and staffing~~ our company, inviting industry professionals and experts to join our advisory boards, negotiating in-licensing agreements with existing and potential partners, acquiring, developing and securing our proprietary technology, and understanding the preclinical trial and clinical trial results of our product candidates. We are a development stage company and have generated no revenue since inception. We do not anticipate generating any product revenue until and unless we successfully obtain a distribution partner for the LES biometric fingerprint scanner or obtain approval from the FDA, European Medicines Agency ("EMA"), China SFDA or China MOH with respect to other current product candidates. Upon approval from a regulatory body, we intend to generate revenues by selling our product candidates within the approved region or by granting ~~patent~~ licenses (“out-licensing”) we acquire to third parties. Until such time as we are able to generate product revenue, in addition to our present cash, we intend to meet our capital requirements through loans or the private placement of our securities.

Developing pharmaceutical products is a lengthy and expensive process. Even if we do not encounter unforeseen safety issues, timing or other delays during the course of developing our currently licensed product candidates, which are being developed by our subsidiary CPC NuLife, affiliates Akanas Therapeutics and MediTherX, we do not anticipate receiving regulatory approval to market any such products until, at the earliest, 2013 for NuLife Spheres and at the earliest 2015 for MediTherX EGFR humanized antibody. Although we have intellectual property rights with respect to the patent application entitled “Methods for Humanizing Antibodies and Humanized Antibodies Made Thereby,” we currently have no pharmaceutical products to market and sell in order to generate revenues. However, we do have the rights to market and sell two non-pharmaceutical products, the Integrated Biometrics’ fingerprint biometric identity solutions, which management believes should start generating revenue by the second half of 2012.

Description of Selected Income Statement Items

Revenue and cost of revenue. We have not generated any revenue from licensing, milestone or products sales through March 31, 2011. We do not expect to generate or produce revenue within the next 24 months for our product candidates but may decide to out-license one or more of our drug product candidates during that timeframe. If successful, we would anticipate revenues from such a transaction. We have been seeking distribution for the LES biometric fingerprint scanner and Illumibrite Teeth Whitening products which, if successful, we would anticipate revenues from such distribution. Further, we will continue executing our business plan by in-licensing market-ready products, such as U.S. FDA-approved medical equipment and/or pharmaceutical products, which we believe may allow for a shorter registration process in the PRC. However, we may never generate revenues.

Analysis of Operations Results

General and administrative expenses. General and administrative expenses primarily include expenses for executives and other corporate expenses, including office rent and travel expenses. As of the date hereof, none of our executives is receiving cash compensation. We issue shares to certain key management members on a quarterly basis based upon service agreements between PharmaHub and the individual service provider. The expenses are recorded at fair market value based upon the date of share issuance. From inception through March 31, 2011, we have incurred a total of $258,882 in general and administrative expenses.

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS OF CHINA PHARMAHUB CORP - continued

~~Professional~~Description ~~fees. Professional fees are for services provided by vendors on a per engagement basis and consisted primarily~~ of ~~legal,~~Selected ~~auditing,~~Income ~~consulting~~Statement and other professional fees. From inception through March 31, 2011, we have incurred a total of $653,205 in professional fees. These professional fees were incurred with respect to general administration and business development, and not for developing biopharmaceutical products.Items

~~Net~~Revenue ~~loss~~and cost of revenue. ~~From~~We ~~inception~~have not generated any revenue from licensing, milestone or products sales through ~~March~~June 3130, 2011. We do not expect to generate or produce revenue within the next 24 months for our product candidates but may decide to out-license one or more of our drug product candidates during that timeframe. If successful, we ~~have~~would ~~incurred~~anticipate revenues from such a ~~total~~transaction. We ~~net~~have ~~loss~~been ofseeking ~~$904~~distribution for the LES biometric fingerprint scanner products which,~~376~~ if successful, ~~primarily~~we ~~through~~would ~~the~~anticipate ~~sale~~revenues offrom such distribution. Further, we will continue executing our ~~common~~business ~~stock~~plan by in-licensing market-ready products, such as U.S. FDA-approved medical equipment and/or pharmaceutical products, which we believe may allow for a shorter registration process in the PRC. However, we may never generate revenues.

Analysis of Operations Results

General and administrative expenses. General and administrative expenses primarily include expenses for executives and other corporate expenses, including office rent and travel expenses. As of the date hereof, Richard Lui and Monica Ding receive monthly compensation of $4,500 and $4,000 respectively. We issue shares to certain key advisory management members on a quarterly basis based upon service agreements between the Company and the individual service provider. The expenses are recorded at fair market value based upon the date of share issuance. From inception through June 30, 2011, we have incurred a total of $328,448 in general and administrative expenses.

Professional fees. Professional fees are for services provided by vendors on a per engagement basis and consisted primarily of legal, auditing, consulting and other professional fees. From inception through June 30, 2010, we have incurred a total of $771,074 in professional fees. These professional fees were incurred with respect to general administration and business development, and not for developing biopharmaceutical products.

Net loss. From inception through June 30, 2011, we have incurred a total net loss of $1,087,945 due to expenditures of cash raised from the sale of our common stock and the issuance of common stock for services..

Analysis of Cash Flow

We have not generated any cash from operating activities.

Net cash provided by financing activities. Cash flow from financing activities aggregated $969,566.

LIQUIDITY AND CAPITAL RESOURCES

From inception (July 9, 2009) through ~~March~~June 3130, 2011, we have incurred an aggregate net loss of $~~904~~1,~~376~~087,945 as a result of the expenses described above.

As of ~~March~~June 3130, 2011, we had working capital of $~~376~~224,~~874~~805 and cash and cash equivalents of approximately $~~485~~386,~~991~~302. We have financed our operations primarily through the sale of our stock, and to a much lesser extent, through the issuance of our common stock to service providers. Cash on hand results primarily from previous financing activities and proceeds from our Rule 506 and Regulation S private placements of common stock.

Financing

As of ~~March~~June 3130, 2011, we have raised gross proceeds of $1,366,812 through the sale of 2,278,019 shares of common stock at the offering price of $0.60 per share. Commission ~~of which $450,000 was not received until after December 31, 2010~~ and ~~were~~Professional ~~included~~fees inassociated ~~subscription receivable and~~ with ~~respect~~these tofinancing ~~which~~totaled $60144,~~000 of finder’s fees and offering costs have been recorded as commission payable as of March 31, 2011~~617. ~~1,278,019 of these shares were sold pursuant to our Rule 506 private placement and 1,000,000 shares were sold pursuant to our Regulation S offering.~~

License Agreement and Development Agreement Obligations

Pursuant to the terms of the Definitive Agreement by and among ~~PharmaHub~~the Company, Dr. Weaver and Dr. Rynkiewicz, ~~PharmaHub~~The Company has agreed to advance up to an aggregate of $230,000 over the next four years to Akanas Therapeutics, MediTherX and other subsidiaries which may be incorporated by ~~PharmaHub~~the Company in furtherance of the objectives of the Definitive Agreement (the “Advances”). The Advances shall be funded from the cash which we have received from the sales of our common stock via private placements and used to fund the reasonably necessary expenses incurred by Akanas Therapeutics, MediTherX and such other subsidiaries with respect to ongoing general and administrative expenses, corporate legal fees, intellectual property legal fees, tax liabilities, and research and development.

Current and Future Financing Needs

We have incurred negative cash flow from operations since inception. We have spent, and expect to continue to spend, substantial amounts in connection with implementing our business strategy, including, but not limited to, our planned potential advancement into the development of Akanas Technologies and our marketing and branding initiatives.

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS OF CHINA PHARMAHUB CORP - continued

~~Based~~Current ~~upon our working capital as of March 31, 2011, the proceeds of our equity financing in March 2010~~ and ~~August~~Future ~~2010~~Financing and our projection of spending needs during 2011, which spending needs include general administrative expenses, advances of up to an aggregate of $230,000 to Akanas Therapeutics, Inc., MediTherX, Inc., or other subsidiaries which we may incorporate, and initiating the sales of IB products pursuant to the terms of the Distribution Agreement dated as of November 15, 2010, we believe that we have sufficient capital resources to meet our operating needs through 2011.Needs

Based upon our working capital as of June 30, 2011, the proceeds of our equity financing in 2010 and our projection of spending needs during 2011, which spending needs include general administrative expenses, advances of up to an aggregate of $230,000 to Akanas Therapeutics, Inc., MediTherX, Inc., or other subsidiaries which we may incorporate, and initiating the sales of IB products pursuant to the terms of the Distribution Agreement dated as of October 19, 2010, we believe that we have sufficient capital resources to meet our operating needs through the second quarter of 2012.

We have based our estimates upon assumptions which may prove to be incorrect. The extent of our available resources and the actual amount of funds which we will require are subject to many factors, some of which might be beyond our control. These factors include the following:

● Costs to acquire and maintain intellectual properties; ● the progress of our research activities and our ability to find equity partners toin jointly ~~conduct~~conducting such ~~research~~researches; ● the progress of our submissions to relevant regulatory bodies for NuLife Spheres and their requirements on preclinical and clinical data; ● the number and scope of our research programs and other commercialization projects; ● our ability to achieve our milestones under any licensing arrangements; and ● the cost involved in prosecuting and enforcing patent claims and other intellectual property rights;

●Potential sources of additional liquidity include strategic relationships, licensing of the ~~cost~~rights ~~involved~~with inrespect ~~prosecuting~~to certain of our products to third parties and ~~enforcing~~public ~~patent~~or ~~claims~~private sales of equity or debt. We may seek to access the public or private equity markets again when and if conditions are favorable to our long-term capital requirements. It is uncertain whether additional financing will be available upon terms which will be acceptable to us, or at all. If we raise funds by selling additional shares of common stock or other ~~intellectual~~securities ~~property~~convertible ~~rights;~~into common stock, the ownership interest of our existing stockholders will be diluted. We are in the process of seeking investments from investment bankers and will need to raise funds from joint ventures and third parties to engage in our intended activities. If we are successful, we will use the funds raised for the development and distribution of our products. We anticipate over $4 million of expected costs with respect to meeting the milestones set for the development and distribution of our products. These expected costs have not been included in our “operating needs” but will require additional funds raised at the appropriate time to carry-out the anticipated plans to meet our milestones. If we are not able to obtain financing when needed, we may be unable to carry out our business plan. As a result, we may have to significantly delay certain activities or limit our operations and our business, financial condition and our results of operations would be materially harmed.

~~Potential~~Our ~~sources~~short-term ~~of additional~~ liquidity ~~include strategic relationships, licensing of the rights with respect to certain of our products to third parties~~ and ~~public~~capital orresources ~~private~~include ~~sales of equity or debt. We may seek to access the public or private equity markets again when and if conditions are favorable to~~ our ~~long-term~~current ~~capital requirements. It is uncertain whether additional financing will be~~ available ~~upon~~cash ~~terms~~of ~~which~~approximately ~~will be acceptable to us~~$386, ~~or at all~~000. We Ifexpend weapproximately ~~raise funds by selling additional shares of common stock or other securities convertible into common stock~~$30,000 ~~the~~per ~~ownership~~month ~~interest~~for ofoperating ~~our existing stockholders will be diluted~~expenses. We Ifhave weenough ~~are~~available ~~not~~cash ~~able~~ to ~~obtain financing when needed, we may be unable to~~ carry ~~out~~us ~~our~~for ~~business~~approximately ~~plan~~12 months. ~~As a result~~Long-term, we ~~may~~intend ~~have~~ to ~~significantly~~raise ~~delay~~capital ~~certain~~to ~~activities~~achieve ~~or limit~~ our ~~operations~~milestones ~~and~~through ~~our~~the ~~business,~~sale ~~financial~~of ~~condition and~~ our ~~results~~Common ofStock, ~~operations~~various ~~would~~distribution beagreements ~~materially~~and ~~harmed~~joint ventures.

Off-Balance Sheet Arrangements

We do not have any outstanding off-balance sheet arrangements and has not entered into any transactions that are established for the purpose of facilitating off-balance sheet arrangements.

Critical Accounting Policies and Estimates

A summary of significant accounting policies is included in Note 2 of the unaudited financial statements included in this quarterly report upon Form 10-Q. Management believes that the application of these policies on a consistent basis enables us to provide useful and reliable financial information about our operating results and financial condition. Our financial statements and accompanying notes are prepared in accordance with U.S. generally accepted accounting principles (“GAAP”). Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. These estimates and assumptions are affected by management's application of accounting policies.

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS OF CHINA PHARMAHUB CORP - continued

EXECUTIVE COMPENSATION

In view of the fact that we are a development stage Company which was formed in July, 2009, aswe ofdid ~~our~~not ~~fiscal~~pay ~~year~~any ~~ended~~cash ~~December~~compensation ~~31,~~to ~~2010~~any of our officers and asdirectors ofuntil ~~March~~November ~~31,~~2010. Commencing ~~2011~~in November 2010, weRichard ~~have~~Lui ~~not~~and ~~yet~~Monica ~~paid~~Ding ~~any~~have ~~cash~~been ~~compensation~~receiving tomonthly ~~any~~compensation of ~~our~~$4,500 ~~officers~~ and ~~directors~~$4,000 respectively.

CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE

On January 6, 2010, the Company entered into a Services Agreement with Eric Zhang (the “Services Agreement’) pursuant to which Mr. Zhang agreed to serve the Company with the title of Controller. Mr Zhang was responsible for advising the Company financial planning, debt financing and budget management functions, ensuring Company accounting procedures conformed to generally accepted accounting principles, providing strategic advice to the Company’s management team, and for providing guidance to the Company’s worldwide pharmaceutical cooperation organizations to assist them in achieving financial leadership across all business units.

Pursuant to his Services Agreement, Mr. Zhang agreed to receive ninety six thousand two hundred fifty (96,250) shares of Common Stock of the Company, at $.00167 per Share, as compensation for his services spread out evenly over the period of fifteen (15) payments to be released to him every three (3) months.

On December 30, 2010, Mr. Zhang resigned from the Company in order to focus on his own private accounting firm practice. Mr. Zhang’s accounting firm Chan & Zhang CPA continues to provide accounting related services to us. We entered into a termination agreement (the “Termination Agreement”) effective December 30, 2010. Pursuant to the Termination Agreement, Mr. Zhang kept twenty four thousand six hundred ninety-nine (24,699) shares of Common Stock for Services rendered through December 30, 2010 and the Company repurchased the unearned portion of seventy one thousand five hundred fifty one (71,551) shares at the repurchase price of $.00167 per share.

On June 15, 2010, the Company entered into a Definitive Agreement with Dr. David Weaver and Dr. Michael Rynkiewicz (the “Definitive Agreement”) pursuant to which the Company has reimbursed Drs. Weaver and Rynkiewicz for certain costs incurred as of the date of the Definitive Agreement with respect to developing the technology which is the subject of the patents set forth below; shall enter into joint ventures with Drs. Weaver and Rynkiewicz to develop and market certain intellectual property, including, but not limited to, patents with respect to technologies created by Drs. Weaver and Rynkiewicz; shall form joint venture entities with Drs. Weaver and Rynkiewicz of which the Company shall initially own 35% and to which Drs. Weaver and Rynkiewicz have assigned their rights with respect to the patents discussed below. These patents utilize and analyze the atomic structure of parental antibodies to rapidly and cost-effectively create human antibodies which retain high affinity and avoid provoking a response by the immune system (the “Antibody Technology”).

21On June 15, 2010, pursuant to the terms of the Definitive Agreement, CPC incorporated Akanas Therapeutics, Inc, a Nevada corporation (“Akanas Therapeutics”). Pursuant to the terms and conditions of the Definitive Agreement, PharmaHub owns a 35% interest in Akanas Therapeutics. Drs. Weaver and Rynkiewicz, who jointly own the remaining 65% of Akanas Therapeutics, have contributed the exclusive rights with respect to the Antibody Technology to Akanas Therapeutics.

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS OF CHINA PHARMAHUB CORP - continued

On June 15, 2010, pursuant to the terms of the Definitive Agreement, PharmaHub incorporated Akanas Therapeutics, Inc, a Nevada corporation (“Akanas Therapeutics”). Pursuant to the terms and conditions of the Definitive Agreement, PharmaHub owns a 35% interest in Akanas Therapeutics. Drs. Weaver and Rynkiewicz, who jointly own the remaining 65% of Akanas Therapeutics, have contributed the exclusive rights with respect to the Antibody Technology to Akanas Therapeutics.

Pursuant to the terms of the Definitive Agreement, PharmaHub also incorporated MediTherX, Inc. (“MediTherX”) with Dr. Weaver and Dr. Rynkiewicz on June 30, 2010 in the State of Nevada. PharmaHub owns 35% of MediTherX. MediTherX will focus upon the development and commercialization of its proprietary Epidermal Growth Factor Receptor (“EGFR”) humanized antibodies. MediTherX licenses its technologies from Akanas Therapeutics, Inc. Management believes that MediTherX’s proprietary EGFR humanized antibodies have the potential to be superior in clinical trials, with lower immunogenicity and reduced side effects as compared to ERBITUX®. The initial research and development with respect to MediTherX’s proprietary EGFR humanized antibodies had been conducted at Beijing Biotechnology Institute in the People’s Republic of China (the “PRC”). Management plans to continue working with Beijing Biotechnology Institute and also seek additional partners in the PRC to further its R&D and file Investigational New Drug Discovery (“IND”) in China.

On June 17, 2010, PharmaHub completed the transaction of purchasing 5,000,000 shares of common stock of World Wide Relics, Inc (“WWR”) from E. Todd Owens, representing 77.18% of the total issued and outstanding shares of WWR, effecting a change of control of WWR. PharmaHub paid $275,250 as the purchase price for the shares, which funds were previously remitted to the Seller in March 2010 as a deposit. The two directors of PharmaHub were appointed as the directors and executive officers of WWR while all of the former directors and officers of WWR resigned simultaneously.

On August 13, 2010, PharmaHub announced that it closed with respect to a Merger Agreement dated as of July 28, 2010 (the “Agreement”) entered into with WWR. Pursuant to the terms of the Agreement, PharmaHub merged with and into WWR and all of the property, rights, privileges, powers and franchises of PharmaHub vested in WWR, all debts, liabilities and duties of PharmaHub became the debts, liabilities and duties of WWR and the separate existence of PharmaHub as a Nevada corporation ceased (the “Merger”). Subsequent to the Merger, WWR changed its name to “China PharmaHub Corp.”

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

As a “smaller reporting company” as defined by Item 10 of Regulation S-K, the Company is not required to provide information required by this Item.

PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

We know of no material, existing or pending legal proceedings against our Company, nor are we involved as a plaintiff in any material proceeding or pending litigation. There are no proceedings in which any of our directors, officers or affiliates, or any registered or beneficial shareholder, is an adverse party or has a material interest adverse to our interest.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

~~The~~During ~~following~~the ~~sets~~quarter ~~forth~~ended ~~information~~June ~~relating~~30, 2011, 2,500 shares were issued to ~~all~~each ~~previous~~Dr. ~~sales~~Gus ofPappas ~~our~~and ~~common~~Ikbal ~~stock~~Chowdhury for a total of 5,000 ~~which~~shares ~~sales~~valued ~~were~~at ~~not~~$0.60 ~~registered~~per share, or $3,000.00, pursuant to ~~the~~their ~~Securities~~advisory ~~Act~~agreements.

Mr. Richard Lui, Ms. Amy Wang, Ms. Monica Ding and Mr. Rui Lin Ding were issued 3,500,000, 2,500,000, 3,000,000 and 3,000,000 shares, respectively, of restricted common stock as founders shares as of August 10, 2009.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS - continued

During the period from January 29, 2010 through September 15, 2010, we sold an aggregate of 1,278,019 shares to 23 investors in exchange for net proceeds of $682,195 in cash pursuant to Rule 506 of Regulation D, promulgated under the Securities Exchange Act of 1934, as amended.

The sale of all shares were to “accredited investors” as defined in Rule 501 of Regulation D, promulgated under the Securities Exchange Act of 1934, as amended, pursuant to Rule 506 of Regulation D and are therefore exempt from registration under the Securities Act of 1933 pursuant to Regulation D. Accordingly, the sale of the shares set forth above was exempt from registration pursuant to Section 4(2) of the Securities Act of 1933, as amended.

All purchasers represented in writing that they acquired the securities for their own accounts. A legend was placed on the stock certificates stating that the securities have not been registered pursuant to the Securities Act and cannot be sold or otherwise transferred without an effective registration or an opinion from counsel for the Company that registration was not required.

In August, 2010, we sold an aggregate of 1,000,000 shares to two investors in exchange for an aggregate $600,000 in cash pursuant to Regulation S, promulgated under the Securities Act.

All purchasers represented in writing that they were not “U.S. Persons” as defined by Regulation S, were not acquiring the Shares for the account or benefit of a U.S. Person and that the transaction was an offshore transaction within the meaning of Regulation S. A legend was placed on the stock certificates stating that the securities have not been registered pursuant to the Securities Act and cannot be sold or otherwise transferred without an effective registration or an exemption therefrom, but may be sold in accordance with the exemption provided by Regulation S, promulgated under the Securities Act.

There have been no sales of our securities subsequent to September 15, 2010.

We have never utilized an underwriter for an offering of our securities, and there were no underwriting discounts or commissions involved. Hart Capital Management, LLC (“Hart”) has introduced us to the investors to our Regulation D offering in return for a finder’s fee of 10%. Other than introducing us to our Regulation D investors, Hart has had no other involvement with respect to the sale of our securities to the Regulation D investors set forth above. Other than as described above, we have not issued or sold any other securities.

King Fortune Consultants Limited (" King Fortune") has introduced us to the investors in our Regulation S offering in return for a finder's fee of 10%. Other than introducing us to our Regulation S investors, King Fortune has had no other involvement with respect to the sale of our securities to the Regulation S investors set forth above.

Other than as described above, we have not issued or sold any other securities.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

On August 12, 2010, our then majority shareholder, owning 5,000,000 shares of our common stock, representing 77.18% of our issued and outstanding shares of common stock, approved the merger of PharmaHub and WWR pursuant to the terms of the Merger Agreement dated as of July 28, 2010, between WWR and PharmaHub.

On August 13, 2010, subsequent to the consummation of the merger with PharmaHub, four of our shareholders, owning an aggregate of 12,000,000 shares of our common stock, representing ~~approximatelu 68~~78.71% of our issued and outstanding shares of common stock, approved (A) our change of name from “World Wide Relics, Inc.” to “China PharmaHub Corp.” (B) the change of our registered agent to “State Agent and Transfer Syndicate, Inc.” and (C) the increase of our authorized shares of common stock by 75,000,000 shares to 100,000,000 shares.

ITEM 5. OTHER INFORMATION

None.

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K.

(A) Exhibits

Exhibit

Number

Description

Exhibit 3.1	Amendment to Certificate of Incorporation****
Exhibit 3.2	By-Laws**
Exhibit 10.1	Cooperation Agreement between China PharmaHub Corp. and Chengdu Yongkon Pharmacy Co., Ltd. dated July 1, 2010***
Exhibit 10.2	Cooperation Agreement between China PharmaHub Corp. and the Sichuan Technical Exchange Center dated July 1, 2010***
Exhibit 10.3	Distribution Agreement between China PharmaHub Corp. and Mo-Sci Corp. dated as of August 26, 2010***†
Exhibit 31.1	Certification of President pursuant to Section 302 of the Sarbanes-Oxley Act of 2002*
Exhibit 31.2	Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002*
Exhibit 32.1	Certification of President ~~and Principal Financial Officer~~ pursuant to Section 906 of the Sarbanes-Oxley Act of 2002*
Exhibit 32.2	Certification of Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002*

* Filed herewith

** Filed with the Company’s Material Report on Form 8-K, initially filed with the Securities and Exchange Commission on August 16, 2010 and incorporated herein by reference.

*** Filed with the Company’s First Amendment to its Material Report on Form 8-K/A on April 6, 2011, initially filed with the Securities and Exchange Commission on August 16, 2010.

**** Filed with the Company’s Form 10-K, filed with the Securities and Exchange Commission on April 15, 2011 and incorporated herein by reference.

† Confidential Treatment requested.

(B) Reports on Form 8-K

1	Filed Form 8-K on August 3, 2010, in which the Company announced that it had entered into a Merger Agreement with China PharmaHub Corp. dated as of July 28, 2010
2	Filed Form 8-K on August 16, 2010, in which the Company announced that it had closed with respect to the merger of China PharmaHub with and into the Company pursuant to the Merger Agreement dated as of July 28, 2010

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K - continued

3	Filed Form 8-K on November, 2010, in which the Company announced that it had entered into a Distribution Agreement with Integrated Biometrics LLC on November 10, 2010
4	Filed Form 8-K on December 15, 2010, in which the Company announced that it had changed its independent certified accountant from Sherb & Co., LLP to De Joya Griffith & Company, LLC
5	Filed Form 8-K/A on December 16, 2010, in which the Company announced that it had completed the merger of China PharmaHub with and into the Company pursuant to the Merger Agreement dated as of July 28, 2010
6	Filed Form 8-K on January 19, 2011, in which the Company disclosed that it intended to utilize a Company Presentation, dated January 2011, for informational purposes for prospective investors and various third parties
7	Filed Form 8-K on March 30, 2011, in which the Company disclosed that it had issued a Press Release entitled, China PharmaHub Reviews 2010 and Recent Accomplishments, dated March 24, 2011, as well as a 2010 Annual Review Letter to Shareholders which was sent to shareholders of the Registrant and other interested parties
5	Filed Form 8-K/A on April 6, 2011, in which the Company announced that it had completed the merger of China PharmaHub with and into the Company pursuant to the Merger Agreement dated as of July 28, 2010

SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		CHINA PHARMAHUB CORP.
		(Registrant)
Date: May 16, 2011	By:	/s/ Richard Lui
Date: August 22, 2011	By:	/s/ Richard Lui
		Richard Lui
		Title: President and Chief Executive Officer

2523

Filing Compare · China PharmaHub Corp.