New York, March 02, 2020 (GLOBE NEWSWIRE) -- BOQI International Medical Inc. (NASDAQ: BIMI) (“BIMI” or the “Company”) today announced that the Company has entered into a distributorship agreement with Chongqing Harmony Pharmaceutical Co, Ltd. (“Harmony”). BOQI International Medical is authorized as the exclusive distributor of Harmony’s Seradase Serrapeptase Enteric-coated Tablets(“Seradase”) in Southwest China.
Seradase was included in the anti-epidemic supply list by Chongqing Economy and Information Technology Commission on February 25, 2020. The Chongqing Economy and Information Technology Commission is responsible for monitoring and analyzing industry trends and publishing relevant information. The anti-epidemic supply list contains the medications considered to be most effective and safe to relieve and treat symptoms of COVID-19. The release of this list is expected to increase demand for Seradase. So far, BOQI International Medical has approximately 170,000 packs of Seradase in stock.
Seradase is currently used by Wuhan Jinyintan Hospital to facilitate expectoration by reducing sputum viscosity in patients with Coronavirus Disease 2019 (COVID-19). To date, there is no specific medicine recommended to prevent or treat COVID-19. However, those infected with the virus should receive appropriate care to relieve and treat symptoms.
"BOQI International Medical is committed to engaging patients with more affordable, accessible, simple and seamless care. We are contacting manufacturers, wholesalers, logistics providers and hospitals nationwide to help ensure our existing inventory and distribution channels can be fully utilized to stem this public health threat," said Mr. Tiewei Song, Chief Executive Officer and President of BOQI International Medical Inc. "The evolving situation of Coronavirus once again reinforces the importance of timely reconfiguring supply chains to ensure the community we serve remains ahead of risks."
About BOQI International Medical Inc.
BOQI International Medical Inc. (formerly known as NF Energy Saving Corporation) (NASDAQ: BIMI) was founded in 2006. In February 2019, the Board of Directors of the company was reorganized following efforts led by Mr. Yongquan Bi, the company’s new Chairman, with a renewed focus on the health industry. The company is now transforming from a provider of integrated energy conservation solutions utilizing energy-saving equipment, technical services and energy management re-engineering project operations to a medical and health service provider. BOQI International Medical Inc. offers a broad range of consumer-directed health products and related services, including medical, pharmacy and behavioral health plans, chronic disease management services, and health information technology products and services. BOQI International Medical Inc. is community-based and locally focused, engaging consumers with more affordable, accessible, simple and seamless care they need when and where they need it.
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