China Jo-Jo Drugstore Signs New Sales Incentive Agreement With Wyeth

(RTTNews) - China Jo-Jo Drugstores, Inc. (CJJD) said its subsidiary, Hangzhou Jiuzhou Grand Pharmacy Chain Co., Ltd. has signed a new sales incentive agreement with Wyeth Pharmaceutical Company, Ltd., a wholly owned subsidiary in China of Pfizer Inc. (PFE).

The purpose of the agreement is to double the sales of Wyeth's Consumer Healthcare products in 2015. Jiuzhou Pharmacy has been partnering with Wyeth since 2003, and now it is the largest retailer in Zhejiang Province for a variety of Wyeth's Consumer Healthcare products, like Centrum and Caltrate.

The agreement includes specific approaches and conditions of Jiuzhou Pharmacy's collaboration with Wyeth, including sales targets, promotional incentive to consumers, products and pricing methods.

Wyeth will fully support Jiuzhou Pharmacy with priority delivery, favorable purchase prices and promotional activities.