China Yongxin Pharmaceuticals Inc. (OTC.BB: CYXN) has announced that its subsidiary, Changchun Yongxin Dirui Medical Co. Inc., was chosen as the sole pharmaceuticals distributor for the Shenyang Military Region medical centers which are located throughout 3 of China’s northeast region provinces.
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According to the Chinese government’s new healthcare reform policy, the distribution of essential drugs to clients like the Shenyang Military Region medical centers must be approved by a principal government through a public bidding process.
Founded in 1993, China Yongxin is a vertically-integrated retailer and distributor of Chinese traditional medicines, pharmaceutical preparations, natural health products, health food, cosmetics, and medical equipment in northeastern China.
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