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It is a joint-stock enterprise, a third-party platform led by the government
Chongqing Pharmaceutical Exchange is a third-party platform led by the government to establish four major service systems: information, trading, settlement and clearing. The exchange implements a membership system. Producers in accordance with the trading rules in the trading platform listed on the release of drugs for sale information, medical institutions in accordance with the needs of the electronic trading platform with the producers of price negotiations, volume and price combined with the signing of the electronic procurement contract, and according to the use of drugs at any time to purchase. Traditional pharmaceutical companies will be transformed into distribution companies, and distribution contracts will be signed at the same time as drug procurement contracts. Medical institutions must pay for the goods through the clearing center set up by the exchange and the bank within 60 days after confirming the receipt of goods and invoices. The exchange will also publish price index information of traded varieties, and gradually establish a drug price discovery mechanism and a reasonable price formation mechanism.
Easy platform to publish drug price information will certainly have an impact on the selling price of pharmaceutical companies. However, through online trading and time-limited settlement, pharmaceutical companies can save human, material and financial resources used for product marketing, which is conducive to reducing costs. Competition between manufacturers will tend to be more quality and price to win.