E-Home Household Service Holdings Limited to Supply Traditional Chinese Medicine Herbs for Potential Monkeypox Treatment Programs
E-Home Household Service Holdings Limited (NASDAQ: EJH) has announced its commencement of supplying traditional Chinese medicine (TCM) herbs for studies into treatment applications for Monkeypox. This initiative follows E-Home's acquisition of a majority stake in Zhongrun (Fujian) Pharmaceutical Co., Ltd. Zhongrun will collaborate with hospitals and TCM institutions to provide these herbs. With rising Monkeypox cases in the U.S., the company aims to leverage its resources to enhance TCM research, targeting effective symptom relief using established TCM practices.
- Initiating supply of TCM herbs for Monkeypox treatment research may enhance company's market positioning.
- Acquisition of Zhongrun expands E-Home's reach in the pharmaceutical sector.
- None.
FUZHOU, China, Aug. 04, 2022 (GLOBE NEWSWIRE) -- E-Home Household Service Holdings Limited (NASDAQ: EJH) (the “Company” or “E-Home”), a provider of integrated household services in China, today announced that it has begun supplying traditional Chinese medicine (TCM) herbs for the provisional studies into feasible treatment applications of TCM for Monkeypox that were launched last month.
The company announced last week that it has started the provisional investigation via its recently acquired majority ownership in Zhongrun (Fujian) Pharmaceutical Co., Ltd. (“Zhongrun”), a leading medicine and personal care products operator in China. Zhongrun will work with leading hospitals, TCM study institutions and TCM pharmaceuticals companies to supply various ranges of TCM herbs for the Monkeypox programs.
The U.S. this month named a federal official to lead the country’s response efforts as rising Monkeypox case numbers prompted California and Illinois to join New York in declaring the outbreak an emergency. Among their goals will be increasing equitable access to tests, vaccines and treatments.
Mr. Wenshan Xie, Chairman and CEO of E-Home, commented: “We are keen to utilize Zhongrun’s wide scope of business to quickly map out our strategies in big health and TCM related research ambitions. Though there’s no treatment specifically for monkeypox virus, it shares similar symptoms to the more common smallpox virus, such as fever, muscle aches and headaches, which TCM treatments have proven records of effectiveness in alleviating some of the symptoms. We hope to speed up and improve our studies so that we could deliver meaningful clinical outcome in the short future, bringing our vision for big health business to the next level.”
About E-Home Household Service Holdings Limited
Established in 2014, E-Home Household Service Holdings Limited is a Nasdaq-listed household service company based in Fuzhou, China. The Company, through its website and WeChat platform "e家快服", provides integrated household services, including 1) installation and maintenance of home appliances and smart homes; 2) Housekeeping, nanny, sister-in-law and cleaning services; 3) Internet elderly care + home-based elderly care; 4) Hospital care; 5) Nanny delivery platform.
After years of development, the Company has formed two main services and four auxiliary services targeting at individual consumers (ToC) and business clients (ToB). 1) The ToC business focuses on nanny, sister-in-law, home-based elderly care and cleaning, and family comprehensive service supplemented by other housekeeping services. At present, it has successfully connected with metaverse technology to realize metaverse-based customer service as well as training of domestic workers. The ToB business focuses on public cleaning and cleaning robotic equipment. Four auxiliary services include 1) docking and application of metaverse technology to housekeeping and cleaning industries; 2) online and offline sales of medicine and health food (including nannies and nursing workers); 3) training on nannies and nursing workers to engage in health care in physical stores; 4) human resources (flexible employment).
E-Home has become a modern enterprise of comprehensive service for family life. The Company always adheres to the business philosophy of "solving every issue of customers with heart", and to the code of conduct of "doing everything well with heart". The Company aims to set the benchmark of the household service industry. For more information, visit the Company's website at http://www.ej111.com/ir.html.
Forward-Looking Statement
All statements other than statements of historical fact in this announcement are forward-looking statements in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions are intended to identify such forward-looking statements. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to consider risk factors, including those described in the Company's filings with the SEC, that may affect the Company's future results. All forward-looking statements attributable to the Company and its subsidiaries or persons acting on their behalf are expressly qualified in their entirety by these risk factors.
For more information, please contact:
Chunming Xie
Investor Relations
Email: xcm@ej111.com
Phone: +86 15359908086
Janice Wang
EverGreen Consulting Inc.
Email: IR@changqingconsulting.com
Phone: +1 470-940-3308 (from U.S.)
+86 13811768559 (from China)
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