China Jo-Jo Drugstores plans to expand to 100 retail pharmacies over the next 12 months.
In Hangzhou, the outlets will be a mixture of new and rebranded stores.
“We look forward to bringing innovative wellness options and expanded access to care to more pharmacy customers,” says China Jo-Jo chairman/CEO Liu Lei. “Our proven retail pharmacy model has expanded to include premium value-added services such as virtual-doctor clinic services, in-store prescription dispensary services and chronic-disease management programs.”
China Jo-Jo presently has 62 retail pharmacies in Zhejiang province.
“According to the China Association of Pharmaceutical Commerce, sales in retail pharmacy grew 8.6 per cent year-over-year to reach 332.3 billion yuan [US$49.87 billion] last year,” says Liu. “We are capitalising on the growth momentum of the industry to expand our sales channel and build a larger store network for our integrated online and offline pharmacy business model.”