111, Inc. to Collaborate with Lilly in Creating New Solutions for Pharmaceutical Distribution
According to the strategic cooperation memorandum of understanding, Lilly will leverage 111’s cloud-based solutions for use in its online diagnosis, e-prescription, warehousing and distribution, patient services and support programs as well as optimize sample processing and distribution of new products to improve the customer experience. 111 will serve as Lilly’s designated e-prescription platform in order to be in full compliance with regulations for prescription drug distribution through retail pharmacies and work to expand new retail channels such as private hospitals and pharmacies through its online B2B model.
Dr. Gang Yu, Co-Founder and Executive Chairman of 111, commented, “111’s partnership with Lilly is highly significant and a great representation of our renowned reputation and capabilities in the market. As a leading enabler in the pharmaceutical ecosystem, 111 helps pharmaceutical companies to explore and develop new distribution channels outside of traditional hospitals and new retail strategies for both the pharmaceutical and healthcare industries. 111 will leverage its deep experience in smart supply chain management, cloud-based solutions, big-data analytics and professional medical capabilities to help pharmaceutical companies directly reach end customers by integrating online and offline channels.”
Mr. Julio Gay-Ger, President and General Manager, Lilly China, stated, “111 is among the top in the industry in terms of the development and exploration of pharmaceutical new retail. Together we will fully leverage our respective competitive advantages in the healthcare and pharmaceuticals sector to improve distribution resources and technological innovation which will greatly improve drug accessibility and benefit the vast majority of Chinese patients.”
According to the data from “2018 China Pharmaceutical Market Development Blue Paper”, the growth of traditional pharmaceutical distribution channels is slowing. However, B2B and B2C channels made significant progress, and with the opening of government policies and the increase in support, the market share of online pharmaceutical companies will be more prominent in the future.
Lilly is a global healthcare leader that unites caring with discovery to create medicines that make life better for people around the world. We were founded more than a century ago by a man committed to creating high-quality medicines that meet real needs, and today we remain true to that mission in all our work. Across the globe, Lilly employees work to discover and bring life-changing medicines to those who need them, improve the understanding and management of disease, and give back to communities through philanthropy and volunteerism.
For more information on 111, please visit ir.111.com.cn
For more information, please contact:
Mr. Christian Arnell
Ms. Linda Bergkamp
Source: 111, Inc.