Zhongchao Inc. announced the establishment of Chongqing Xinjiang Pharmaceutical Co. Ltd. (“Xinjiang Pharmaceutical”) which mainly engages in pharmaceutical import and export trade, OME (original equipment manufacturer) production, medical consumables operation, and pharmaceutical internet services. Zhongchao expects to further improve and complement its business model of “Medical-Pharmaceutical-Patient” as Xinjiang Pharmaceutical plays an important role in supplying quality medications for patients.

The Company has implemented a few steps in extending its business model from “Medical-Pharmaceutical” to “Medical-Pharmaceutical-Patient” in order to meet the increasing demands of patient-oriented healthcare in China. Followed by the launch of Zhixun Internet Hospital to provide standardized internet healthcare services for patients with oncology or other major diseases, Zhongchao established Xinjiang Pharmaceutical to aim at realizing medications accessibility and affordability for those patients. Xinjiang Pharmaceutical plans to cooperate with Zhixun Internet Hospital and other internet hospitals to build a 2B2C (to business and to customer) pharmaceutical procurement platform, aiming to streamline the delivery of medicines from pharmaceutical factories to retail ends.

This approach will enable Xinjiang Pharmaceutical to supply domestic and international high-quality and cost-effective drugs, improving drug accessibility and lowering medication cost.