May 15 (Reuters) - Pediapharm Inc PDP.V
* Pediapharm arranges private placement of units for $5,000,000
* Pediapharm Inc - agreed to a non-brokered private placement of 14.7 million units of company at a price of $0.34 per unit
* Pediapharm Inc - net proceeds of offering will be used to secure new business opportunities Source text for Eikon: ID:nCCN2BWZmC Further company coverage: PDP.V