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Stock impact report

111, Inc. Teams Up with Bayer Healthcare to Explore the Vast Blue Ocean of Online Healthcare

111, Inc. - American Depositary Shares (YI) 
Company Research Source: PR Newswire
SHANGHAI, Oct. 19, 2020 /PRNewswire/ -- On September 24, 111, Inc. (the "Company" or "111") entered into a strategic partnership (the "Partnership") with Bayer Healthcare Co. Ltd. ("Bayer Healthcare"). The two companies will collaborate on drug commercialization initiatives in China, including the commercialization of innovative drugs and healthcare products, including for chronic disease management, as well as providing reliable and convenient resources for patient education.111's omni-channel drug commercialization platform will supplement Bayer Healthcare's existing sales and marketing network. By leveraging 111's vast network of pharmacies and healthcare providers, Bayer will be able to enhance its channel management and patient outreach capabilities, as well as increase its market presence in a number of underserved markets in China's tier 3-6 cities. With this partnership, 111 and Bayer Healthcare will collaborate to improve drug availability and accessibility and the two compan Show less Read more
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