This name is a synonym of Lobivia pygmaea (R.E. Fr.) Backeb..
The record derives from Tropicos
(data supplied on 2012-04-18)
which reports it as a synonym (record 50196431) with original publication details: Lobivia 85(140): 57 1985-1986.
This name was in version 1 of The Plant List, record tro-50196431.