echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Medical News > Medical Science News > Jointown Pharmaceutical has reached a strategic cooperation with Tianfang Pharmaceutical, which will help it accelerate its opening of the out-of-hospital market

    Jointown Pharmaceutical has reached a strategic cooperation with Tianfang Pharmaceutical, which will help it accelerate its opening of the out-of-hospital market

    • Last Update: 2021-12-29
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com
    Recently, Jointown announced that it has signed a strategic cooperation agreement with Tianfang Pharmaceutical, which will further integrate the resources of the two parties, create a multi-faceted and complex cooperation model, and lay the foundation for cooperation in centralized procurement
    .
    It is understood that through this cooperation, Tianfang Pharmaceutical can obtain its comprehensive network and distribution service support, market maintenance, information value-added services, and cooperation with related varieties of centralized procurement
    .
    Jointown can also take this cooperation to extensively carry out raw and auxiliary materials business, general agency sales, and self-operated cooperation in many aspects
    .
    According to the data, Tianfang Pharmaceutical is a large-scale comprehensive pharmaceutical enterprise integrating the production and sales of finished preparations, chemical synthesis raw materials and biological fermentation raw materials, and medical management, integrating science, industry, and trade
    .
    In the third batch of national centralized procurement, Tianfang Pharmaceutical's product metformin hydrochloride sustained-release tablets (0.
    5g), finasteride tablets 1mg and 5mg won the bid
    .
    Jiuzhou Tong is a company whose core business is the wholesale and retail chain of medicines, medical devices and other products, as well as the production and research and development of medicines and related value-added services
    .
    The company is one of the three major pharmaceutical commercial distribution companies in the country, and one of the only two companies with a national network in the pharmaceutical commercial field
    .
    According to statistics, as of 2020, Jointown's business has covered 159,200 primary medical institutions, 9,175 private hospitals, 5,337 chain pharmacies and other physical end customers
    .
    The analysis believes that from the perspective of pharmaceutical companies, after centralized procurement, its products can achieve rapid growth in sales within a certain period of time, but it is always difficult to obtain in the out-of-hospital market
    .
    Therefore, in order to better help the bid-winning products increase sales channels, it is necessary to cooperate with pharmaceutical distribution companies
    .
    The cooperation between Tianfang Pharmaceutical and Ru Jiuzhou Tong is expected to realize the rapid opening of the out-of-hospital market and obtain sales channels such as pharmacies and clinics
    .
    In fact, Jointown has long established a precedent for its cooperation with a centralized procurement and bid-winning pharmaceutical company
    .
    On November 25, 2019, Jointown announced that the company and Zhejiang Huahai Pharmaceutical Co.
    , Ltd.
    (hereinafter referred to as "Huahai Pharmaceutical") holding subsidiary Zhejiang Huahai Pharmaceutical Sales Co.
    , Ltd.
    (hereinafter referred to as "Huahai Pharmaceutical") Sign the "Strategic Cooperation Framework Agreement"
    .
    Judging from the content of the agreement, Jointown is mainly to help Huahai Pharmaceuticals to increase the sales of its standard product Irbesartan tablets outside the scope of the expansion of centralized procurement, and to ensure the medical distribution guarantee for the provinces selected in the alliance's procurement
    .
    In the context of the normalization of centralized procurement, many pharmaceutical companies are actually feeling the pressure
    .
    The industry believes that in order to cope with the shrinking profits of generic drugs brought about by centralized procurement, pharmaceutical companies are exploring ways to break through
    .
    Among them, cooperation has long become an indispensable development method for pharmaceutical companies; at the same time, the "industry + commerce" cooperation model has gradually penetrated the industry
    .
    It is worth mentioning that in addition to group cooperation, many companies are also accelerating the pace of transformation and upgrading.
    Some are increasing their research and development capabilities and reaping profits with the pricing power of original drugs; others are increasing digital investment.
    Take digital medical care as an opportunity to extend to the medical service side
    .
    At the same time, in view of the rise of the consumer medical industry, some pharmaceutical companies are also participating in the "medicine + medical" dual track through mergers and acquisitions and product transformation
    .
    In the future, it is expected that pharmaceutical companies will actively adapt to meet changes, or there will be more different forms of cooperation and transformation models in the industry
    .
    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.