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0.0689655172413794 0.103448275862069 0.017241379310345 0.00862068965517261 0.017241379310345 0.00646551724137936 -0.0344827586206895 -0.0334482758620689
Stock impact report

China Jo-Jo Drugstores Enters into Strategic Cooperation Framework Agreement with Zhejiang Medical Insurance Bureau

China Jo-Jo Drugstores, Inc. - Ordinary Shares (CJJD) 
Company Research Source: PR Newswire
HANGZHOU, China, June 24, 2019 /PRNewswire/ -- China Jo-Jo Drugstores, Inc. (NASDAQ: CJJD) ("Jo-Jo Drugstores" or the "Company"), a leading online and offline retailer and wholesale distributor of pharmaceutical and other healthcare products and a healthcare provider in China, announced today that the Company has entered into a strategic cooperation framework agreement (the "Agreement") with the Zhejiang Medical Insurance Bureau (the "MIB") in June 2019. By entering into the Agreement, the Company joins the first batch of third-party distribution service partners of the government officially undertaking the provincial medical insurance project.  As a designated delivery service agent for the provincial medical insurance project, the Company expects to improve its negotiation position for drug procurement, expand its retail pharmacy coverage, and highlight its corporate brand and influence, providing a strong foundation for the rapid expansion of the Company's franchising operations. I Show less Read more
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