Zhongchao Inc. Builds A Platform for Breast Cancer Tiered Diagnosis and Treatment Improvement To Promote the Equalization of Breast Cancer Diagnosis and Treatment Level

Rhea-AI Summary

Zhongchao Inc. (NASDAQ: ZCMD) announced that approximately 100,000 users utilized its Breast Cancer Tiered Diagnosis and Treatment Improvement Platform in H1 2021. With 2.5 million breast cancer patients in China, and 400,000 new cases annually, the Platform aims to enhance treatment accessibility, especially in underdeveloped areas. The market for breast cancer drugs in China was valued at 50.1 billion Yuan in 2020, expected to reach 73.9 billion Yuan by 2024. The initiative aligns with China's Healthy China 2030 Guideline to improve cancer survival rates.

Positive

• 100,000 users completed training through the Breast Cancer Platform.
• Growing market for breast cancer drugs in China projected to reach 73.9 billion Yuan by 2024.
• Platform supports tiered diagnosis and treatment in underdeveloped areas.

Negative

• None.

SHANGHAI, July 27, 2021 /PRNewswire/-- Zhongchao Inc. (NASDAQ: ZCMD) ("Zhongchao" or the "Company"), a healthcare services company offering patient management, online healthcare information, professional training and educational services, today announced that for the first half of 2021, around 100,000 users had completed the learnings through the Breast Cancer Tiered Diagnosis and Treatment Improvement Platform ("Platform") built and operated by the Company.

There are approximately 2.5 million breast cancer patients in China, with more than 400,000 new cases each year. The 5-year survival rate for patients with early-stage breast cancer is up to 90% compared to less than 40% for patients with advanced breast cancer. The Healthy China 2030 Guideline outlines the goal of increasing the overall 5-year cancer survival rate by 15% by 2030. The overall treatment level of breast cancer in developed regions of China is now close to the level of the developed countries. However, many breast cancer patients are diagnosed at the advanced stage, and the level of treatment varies from region to region. As a result, in order to improve the survival rate of breast cancer patients, the capacities of breast cancer diagnosis and treatment in grassroots and underdeveloped areas are essentially important.

Tiered diagnosis and treatment is an important system implemented by the National Health Commission, which aims to rationalize the allocation of medical resources and promote the equal availability of basic medical and health services, covering over 90% of the regions nationwide. National Health Commission had announced the Technical Plan for Breast Cancer Tiered Diagnosis and Treatment, enabling many breast cancer patients to receive standardized treatment at the grassroots level. There are currently approximately 4 million grassroots health care providers in China. To achieve the goal of expanded tiered diagnosis and treatment, it is necessary to provide training on standardized treatment for primary health care providers.

The Platform is a standardized diagnosis and treatment education platform. Through the construction of the clinical competence model, multi-dimensional lecture format, and real-time guidance by authoritative experts, the Platform provides comprehensive training for doctors and county medical institutions nationwide regarding the breast cancer diagnosis and treatment in prefecture-level as well as application of advanced breast cancer treatment technology in primary medical and health institutions. Renowned experts in the field of breast cancer in China, such as Prof. Shao Zhimin, Prof. Jiang Zefei, Prof. Xu Binghe and Prof. Jin Feng have joined the platform as lecturers or instructing experts. The Platform is built and operated by the Company and jointly supported by China Primary Health Care Foundation, Cancer Hospital of Chinese Academy of Medical Sciences, Beijing Cancer Hospital, Fudan University Shanghai Cancer Center, Tianjin Medical University Cancer Institute and Hospital, AstraZeneca, etc.

With the continuous launch of innovative drugs, the market size of China breast cancer drugs continues to grow. By the end of 2020, the market size of China breast cancer drugs was 50.1 billion Yuan with an 11.33% year-over-year increase, and it is expected to increase to 73.9 billion Yuan in 2024. Moreover, with the implementation of tiered diagnosis and treatment, companies and organizations in the pharmaceutical field are devoting more attention and resources to the primary care market, and there is a huge market opportunity for the education and training of millions of primary care health service personnel.

About Zhongchao Inc.

Incorporated in 2012 with headquarter offices in Shanghai and Beijing, China, Zhongchao Inc. is an online provider of healthcare information, professional training and educational services to healthcare professionals under its "MDMOOC" platform (www.mdmooc.org) and to the public under its "Sunshine Health Forums" platform (www.ygjkclass.com) in China. The Company also provides patient management services through its subsidiaries. More information about the Company can be found at its investor relations website at http://izcmd.com.

Safe Harbor Statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following:  the Company's goals and strategies; the Company's future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of the professional training and educational services market in China and the other international markets the Company plans to serve; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC, the length and severity of the recent coronavirus outbreak, including its impacts across our business and operations.  For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof.

For more information, please contact:

At the Company: Pei Xu, CFO
Email: xupei@mdmooc.org
Phone: +86 21-3220-5987

Investor Relations: Sherry Zheng  
Weitian Group LLC
Email: shunyu.zheng@weitian-ir.com
Phone: +1 718-213-7386

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SOURCE Zhongchao Inc.

FAQ

What is the recent development of Zhongchao Inc. (ZCMD) related to breast cancer treatments?

Zhongchao Inc. announced the completion of training for approximately 100,000 users through its Breast Cancer Tiered Diagnosis and Treatment Platform.

How many breast cancer patients are there in China according to Zhongchao Inc. (ZCMD)?

There are approximately 2.5 million breast cancer patients in China.

What is the market size for breast cancer drugs in China as of 2020?

The market size for breast cancer drugs in China was 50.1 billion Yuan in 2020.

What is the expected market growth for breast cancer drugs in China by 2024?

The market for breast cancer drugs in China is expected to grow to 73.9 billion Yuan by 2024.

How does Zhongchao Inc. (ZCMD) plan to improve breast cancer treatment access?

Zhongchao plans to enhance treatment access through its educational platform, targeting grassroots health care providers.