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Zhongchao Inc. (NASDAQ: ZCMD) is a Cayman Islands-based company specializing in healthcare information, education, and training services. The company provides a range of services to healthcare professionals and the general public in China through its platform-based internet technology. Zhongchao's core operations include the delivery of healthcare information, education programs, and training products, both online and onsite.
Zhongchao Inc. operates under several key platforms. The 'MDMOOC' platform offers professional training and educational services to healthcare professionals, while 'Zhongxin' focuses on patient management services in the fields of oncology and rare diseases. Additionally, the company provides internet healthcare services through 'Zhixun Internet Hospital' and pharmaceutical services through 'Xinjiang Medical'. For the general public, Zhongchao operates an online information platform called 'Sunshine Health Forums' which delivers health-related content.
In recent achievements, Zhongchao has cooperated with Shanghai Ximalaya Technology Co., Ltd. to launch a series of audio courses dedicated to cancer education, named 'Let's Talk About Tumors'. This series aims to improve cancer awareness and literacy among patients and the general public. In another significant milestone, Zhongchao has served over 10,000 breast cancer patients since 2021, offering comprehensive disease management services.
Financially, Zhongchao is committed to reducing the economic burden on patients. The company has introduced a Patient-Reported Outcome (PRO) based symptom management model to improve the quality of life for lung cancer patients. Zhongchao also launched a WeChat mini program for breast cancer follow-up visits and health management, aiming to support patients through every stage of their medical journey.
Moreover, Zhongchao has renewed its service agreement with Beijing Public Health Foundation to provide free medication assistance for cancer patients, ensuring prolonged and effective treatments with reduced financial burdens. The company extends its support to patients with Systemic Lupus Erythematosus (SLE), providing free medications and comprehensive healthcare services to over 7,000 low-income patients.
Established partnerships and robust service platforms reinforce Zhongchao's role in enhancing healthcare literacy and patient care in China. With a focus on major diseases such as cancer, Zhongchao continues to innovate and expand its service offerings to improve health outcomes and quality of life for patients.
Zhongchao Inc. (NASDAQ: ZCMD) announced a collaboration with Beijing Public Health Foundation to develop a patient aid project aimed at low-income cancer patients. The Project will donate Trilaciclib Hydrochloride, which protects bone marrow during chemotherapy, addressing chemotherapy-induced side effects that affect about 80% of patients. This partnership aims to improve treatment outcomes and alleviate financial burdens on these patients. According to 2022 statistics, approximately 4.82 million new cancer cases were reported in China, highlighting a significant need for such initiatives. Zhongchao will manage the Project's execution, leveraging its technological platform to assist in patient verification and medication management, while BPHF will oversee management and approvals.
Zhongchao Inc. (NASDAQ: ZCMD) launched the "E-Class" platform, an intelligent content production tool aimed at enhancing health education for doctors and patients. This initiative is in response to the National Health Commission's call for improved health education quality in China, where only 40% of doctors currently engage in public health education. The platform will streamline content creation, enabling doctors to produce educational material efficiently, thereby meeting increasing patient demand for medical knowledge. With approximately 4.28 million doctors in China, this platform has the potential to significantly boost health education efforts across the country.
Zhongchao Inc. (NASDAQ: ZCMD) has renewed its partnership with Johnson & Johnson (China) Investment Limited to enhance cooperation in innovative medical solutions in China. Since 2017, Zhongchao Shanghai has collaborated with J&J, focusing on improving patient health through digital education and medical training. The partnership will facilitate the production of medical content and provide services like multimedia courseware for healthcare professionals. Zhongchao aims to utilize this collaboration to address healthcare market challenges and promote quality medical resources.
Zhongchao Inc. (NASDAQ: ZCMD) announced the integration of ChatGPT into its MDMOOC Platform to enhance clinical decision-making for physicians. This tool aims to improve efficiency in diagnosis and treatment by providing easy access to disease information, diagnostic criteria, and treatment options through the MDMOOC ChatGPT WeChat public account.
The initiative builds on previous applications of ChatGPT and aims to bridge knowledge gaps among physicians. While the tool serves as a reference, it emphasizes that ChatGPT's content should not replace professional judgment. Zhongchao plans further integration of ChatGPT across its platforms to innovate healthcare services.
Zhongchao Inc. (NASDAQ: ZCMD) announced on February 8, 2023, the integration of ChatGPT technology to enhance its patient management services for oncology and other diseases. This AI-driven approach aims to improve content creation and patient interactions via platforms like Wechat, providing patients with immediate responses to medical inquiries. The advanced capabilities of ChatGPT will support personalized disease management models tailored to individual patient needs. CEO Weiguang Yang highlighted the company's commitment to leveraging innovative technology to improve patient experiences and foster growth in patient-related services.
Zhongchao Inc. (NASDAQ: ZCMD) announced that its subsidiary, Chongqing Xinjiang Pharmaceutical Co., Ltd., secured distribution rights for the anti-influenza drug Naiditawei® (Oseltamivir Phosphate Capsules) from Natco Pharma Limited. The drug will be available in multiple strengths and is covered by medical insurance in China. Following its arrival in Chongqing, the Capsules will support the treatment and prevention of influenza A and B. The company aims to enhance its distribution through retail channels and online platforms in response to increasing demand for therapeutic drugs post-COVID-19.
Zhongchao Inc. (NASDAQ: ZCMD) announced the launch of the Medication Management Assistance Mini Program via WeChat, aimed at aiding cancer patients in managing their medication during treatment. The Program addresses challenges such as dosing punctuality and adverse reaction management by providing automated reminders and self-treatment information based on individual cancer types. Initially focused on lung and kidney cancer, the Program plans to expand to include other cancers. CEO Weiguang Yang emphasized the importance of patient education and adherence for better treatment outcomes, aiming to enhance the overall patient service experience.
Zhongchao Inc. (NASDAQ: ZCMD) announced a partnership with Chongqing Xinjiang Pharmaceutical Co., Ltd. to distribute Natco Pharma Limited's products in China. The collaboration aims to address patient needs by introducing various drugs, including anti-influenza and anti-tumor medications. Both companies will expedite clinical trials and regulatory processes to enhance drug availability. CEO Weiguang Yang emphasized the importance of this partnership in improving healthcare access in China. This move aligns with Zhongchao's mission to enhance service models for oncology and major diseases.
Zhongchao Inc. (NASDAQ: ZCMD) has launched its "Surgical-Interventional-Drug" (SID) platform aimed at enhancing liver cancer physician education in response to rising cases in China, where around 400,000 new liver cancer cases were reported in 2020. Designed to support comprehensive management and treatment strategies, the SID Platform has been accessed approximately 290,000 times by physicians. This initiative aligns with the National Health Commission's treatment guidelines and aims to improve ongoing professional development for healthcare providers, ultimately benefiting liver cancer patients.
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