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Oct 06,2014
Zhejiang established the nation's first non-profit joint drug procurement center
On August 18, more than 50 pharmacy owners from 11 cities in Zhejiang Province gathered in Hangzhou to officially establish the "Zhejiang Province Pharmaceutical Retail (Chain) Enterprise Joint Procurement Center." They decided to collectively conduct drug bidding with pharmaceutical manufacturers to reduce costs and seek new development opportunities. This is the first non-profit joint drug procurement center in Zhejiang Province and even nationwide. Industry insiders say this marks a shift in the pharmacy industry from passive price reductions to "active initiatives." The development of pharmacies has reached a freezing point. One of the initiators of this joint procurement center, Lin Zhenhua, General Manager of Hangzhou Buyi Pharmacy, told reporters that since 2002
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