Business
Zhongchao Inc. Announces Successful Medication Assistance Services for Over 7,000 SLE Patients with Approximately 130,000 Units of Medications
SHANGHAI, March 12, 2024 /PRNewswire/ -- Zhongchao Inc. (NASDAQ: ZCMD) ("Zhongchao" or the "Company"), a platform-based internet technology company offering
About this update from Zhongchao Inc.
[{"type":"text","content":"SHANGHAI, March 12, 2024 /PRNewswire/ -- Zhongchao Inc. (NASDAQ: ZCMD) (\"Zhongchao\" or the \"Company\"), a platform-based internet technology company offering services for patients with cancer and other major diseases, today announced that Shanghai Zhongxin Medical Technology Co., Ltd. (\"Zhongxin\"), of which Zhongchao consolidates the operations and financial results through a series of contractual arrangements, had successfully provided medication assistance services to over 7,000 low-income patients suffering from Systemic Lupus Erythematosus (SLE) and reduced their financial challenges associated with long-term treatment.\n\nSLE is a chronic inflammatory autoimmune disease that affects multiple organs. Zhongxin offered Titazepam and Belimumab, medications used for SLE treatments, to qualified low-income SLE patients for free through its patient aid projects. Leveraging its self-developed technical service platform, Zhongxin facilitated connections among hospitals, pharmacies, corporations, and non-profit organizations, providing SLE patients with medication assistance, disease follow-ups, medication management, and health education services, helping patients maintain adherence to long-term treatments. Over the course of the patient aid projects, Zhongxin has coordinated with pharmacies and distributed approximately 130,000 units of medication to SLE patients, alleviating the financial burden for over 7,000 SLE patients.\nAccording to the article, \"Finding Possible Solutions for the Management of Systemic Lupus Erythematosus from the Current Situation and Challenges in China\", published on Medical Journal of Peking Union Medical College Hospital in March 2022, it is estimated that there were about 1 million SLE patients in China in 2020, with the characteristics of a large patient volume, a high complication rate, a heavy social and economic burden, and a general lack of disease knowledge among patients. SLE patients face significant healthcare costs. Chines SLE Treatment and Research Group (CSTAR) reveals SLE patients' monthly disease-related expenditures range from approximately RMB 1,000 to RMB 5,000, of which medication costs account for 59.49%. However, approximately 49.45% of Chinese SLE patients are unemployed with unstable income, and approximately 91.15% of SLE patients consider that their current treatment impo...