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New Ray Medicine International Holding Ltd is engaged in pharmaceutical distribution businesses in China with a focus in Hangzhou, Zhejiang province. The Company mainly distributes generic pharmaceutical products in China. The Company starts involving its pharmaceutical distribution business from the stage of identification and acquisition of the distribution rights of products from suppliers, market research and market development of new products, assistance and coordination in the provincial collective tendering process for suppliers throughout different regions in China, procurement and sourcing, and sales and marketing, warehousing and delivery to distributor customers. A majority of its products will in turn be distributed through distributor customers to the ultimate customers which mainly comprise hospitals and medical institutions in China in accordance with the geographical exclusivity of its products.
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