Medical stores in Hubei ally on collective purchasing
Published: 26 Nov 2008 01:51:33 PSTNov. 26, 2008 (China Knowledge) - A retail drugstore alliance consisting of 22 chain medical companies has been formed in Hubei province, central China, sources reported. The 22 retail drugstores, which take up 40% of the medical market in the capital city Wuhan of Huibei, will set up a collective purchasing platform to avoid the lengthy procedures from the existing supply chain. Therefore, the retail prices of medicines sold in these stores are expected to be reduced by 3% to 5%. The alliance is also expected to be expanded to include over 30 retail medical companies with operations in 17 cities in the province. Copyright © 2008 www.chinaknowledge.com Send feedback or comments to: news@chinaknowledge.com For more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI | 
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