Business
Zhongchao Inc. Provides Update on COVID-19 (Coronavirus) Impact
The Company has launched over 60 coronavirus-related online courses for healthcare professionals in China SHANGHAI, March 23, 2020 /PRNewswire/ -- Zhongchao
About this update from Zhongchao Inc.
[{"type":"text","content":"The Company has launched over 60 coronavirus-related online courses for healthcare professionals in China\n\n\nSHANGHAI, March 23, 2020 /PRNewswire/ -- Zhongchao Inc. (\"Zhongchao\" or the \"Company\") (NASDAQ: ZCMD), an online provider of healthcare information, professional training and educational services to healthcare professionals and the public in China, today announced an update regarding the impact of COVID-19 (the \"coronavirus\") on its operations.\nIn response to the coronavirus outbreak, the Company has advised all employees to work from home since mid-January. As an online services provider, Zhongchao generates a vast majority of its revenues through online portals, and all of our employees are well equipped and prepared for the remote work situations even before the outbreak. As a result, the Company has seen minimum interruption to its business related to the coronavirus so far. \nAdditionally, since mid-January, the Company, through its MDMOOC platform (www.MDMOOC.org), has successfully developed and launched coronavirus curriculum (the \"Curriculum\") with over 60 courses covering a wide range of medical specialties including anesthesiology, surgery, oncology, obstetrics and gynecology, pediatrics, infectious disease, respirology, critical medicine and psychiatry. The Curriculum includes both free online courses developed independently by the Company and customized courses developed through partnership/sponsorship with leading pharmaceutical companies and not-for-profit organizations (the \"Partners and Sponsors\"). The curriculum has been successively distributed through the Company's web portals, mobile APP, WeChat subscription accounts, as well as social media channels, providing much-needed help to the medical workers who are at the forefront of the fight against the coronavirus.\nThese Partners and Sponsors include Sanofi Pasteur, Fresenius Kabi, Johnson & Johnson, Lundbeck, Boehringer Ingelheim, Chinese Journal of Anesthesiology, Chinese Journal of Surgery, obgy.cn, China Association of Health Promotion and Education, and the Chinese Society of Psychiatry. \nThe Company expects the Curriculum to generate meaningful revenues in the first half of 2020. \nMr. James Yang, Chairman and Chief Executive Officer of Zhongchao, commented, \"In the wake of the coronavirus sweeping across the world, we are closely mo...