HealthyWay Files IPO Prospectus Amid Surge in Internet Healthcare Momentum

Events and Views

Following Premier Li Keqiang’s report on healthcare, let us now turn toVoices from CPPCC Members on Internet Healthcare at the Two SessionsVCBeat has summarized the following six points: 1. Building a Healthy China starts with the prevention of chronic diseases; 2. Accelerate the national top-level design for mobile health; 3. Make health education a mandatory course for general practitioners and rural doctors; 4. Establish a national "preventive treatment" system to promote public health; 5. Achieve delayed onset, slower progression, and reduced incidence of diseases through preventive treatment; 6. It is recommended that prenatal diagnosis be included in medical insurance coverage.

The “Two Sessions” will also conclude on the 15th, and we look forward to hearing the voices of the delegates ring out.

Returning to the field of internet healthcare, Apple’s new product launch event undoubtedly dominated the headlines across major media outlets last week.AppleAt the press conference,Launched the new medical application ResearchKitand launched the first model with a built-inApple Watch: 8 Health-Focused Apps for Smart WearablesAccording to VCBeat, Apple has announced the opening of its medical research API and has partnered with multiple domestic and international hospitals, including Xuanwu Hospital of Capital Medical University, to jointly conduct data collection, processing, and clinical diagnosis and treatment. This move signals that Apple is taking another significant step forward in the healthcare sector.

Unlike Apple's high-profile debut,BaiduCutting-edge technology may soon unveil another groundbreaking product. It is reported that the company is currently applying forA Patent for an Anti-Smog Smart Helmet, by adopting a world-first “air curtain” technology, it can effectively purify the air around the user’s face. It is currently in the laboratory prototype testing phase. Reportedly, once the helmet is successfully developed, it could make outdoor cycling in smoggy environments healthier for users.

Another major highlight topping the search rankings is,China’s First Cloud Hospital Officially Launches Operations！

A total of 100 primary healthcare institutions were among the first to join the “Ningbo Cloud Hospital” platform, with 226 specialist physicians and family doctors under contract. Initially, four “cloud clinics” were launched online on the Ningbo Cloud Hospital platform, covering hypertension, diabetes, psychological counseling, and general practice. Furthermore, Ningbo Cloud Hospital has achieved interoperability with third-party entities such as local chain pharmacies. E-prescriptions issued by “cloud doctors” can be seamlessly transmitted to these chain pharmacies, allowing residents to pick up medications at nearby locations or opt for delivery services based on their needs. A dynamic health record has also been established for each Ningbo resident. Citizens can access their health data via the “Handheld Cloud Hospital” mobile app (currently available only for Android devices) and use it as a tool for self-managed health care. In addition, health-related data, including daily physiological indicators and lifestyle factors, can be acquired and managed through wearable health devices.

Meanwhile, the all-powerfulWeChat has also launched its “Smart Hospital” solution.! It enables intelligent selection of affected body parts, smart consultations, integration with medical insurance, payment and medication pickup, and electronic report delivery, offering a clear and straightforward process.

Although the two companies have different strategic layouts, they share a common goal: meeting user needs. This focus may be the key to long-term success, underscoring that we are in an era defined by competition for users.

Last week, another focal point was the acquisition battle in the pharmaceutical e-commerce sector.

Lepu MedicalThe announcement stated that the publicThe Company Plans to Acquire 100% Equity Interest in Beijing Hushengtang Pharmacy, including 11 chain pharmacies and two outpatient clinics under Hushengtang, as well as the “Certificate for Internet Drug Transaction Services” and the “Certificate for Internet Drug Information Services.” The acquisition aims to rapidly establish a presence in the medical e-commerce platform sector and achieve organic integration between online and offline operations.

Shanghai Pharmaceuticalsalso issued an announcement stating,To jointly invest in and establish Shanghai Pharma Health & Wellness Co., Ltd. with the natural person Ji Jun, venturing into pharmaceutical e-commerce, with Shanghai Pharmaceuticals contributing RMB 70 million for a 70% equity stake, and Jijun contributing RMB 30 million for a 30% equity stake. Shanghai Pharmaceuticals disclosed that the core focus of the newly established e-commerce company is to build three major platforms: “e-prescriptions,” “drug data,” and “patient data,” providing integrated online-to-offline solutions. Does this move by Shanghai Pharmaceuticals signal that the long-awaited spring for the deregulation of online prescription drug sales is imminent?

Yet some pharmaceutical O2O platforms couldn’t wait and secretly jumped the gun. According to an investigation by a Beijing Business Today reporter“Yaogeili” and “Songyao 360” platforms allowed orders to be placed without a prescription, unaware that the “Measures for the Supervision and Administration of Online Food and Drug Operations” has been finalized and is expected to be released in the near future? What was the point of all this?

Kangmei Pharmaceutical announced that,Guangdong Provincial Health and Family Planning Commission Approves Kangmei Hospital to Establish an Online Hospital for Providing Telemedicine Services. Leveraging its deep partnerships with more than 2,000 medical institutions and over 150,000 chain pharmacies across China, Kangmei Online Hospital will implement a personal remote consultation system for patients, remote appointment registration, remote consultation services, online payment, an online pharmacy with logistics and distribution systems, and the establishment of electronic health records.

There are also refreshing new developments. Last week,FDA Approves Liletta, a Contraceptive Patch for Women, this contraceptive patch is replaced once a week, continuously delivering norethisterone (a progestin) to the user for seven consecutive days to achieve sustained contraception. In late 2013, the FDA refused to approve its market launch due to concerns about the patch’s size and formulation. To date, clinical trials have demonstrated a contraceptive efficacy rate of 99.45%, with no significant changes in women’s body mass index (BMI) after use. Reportedly, this contraceptive patch is expected to be officially launched in the U.S. market in the second quarter of this year.

Healthcare Reform

National Health and Family Planning Commission Unveils Three Measures to Accelerate Public Hospital Reform:As stated in the Two Sessions document "On Accelerating the Reform of Public Hospitals," led by the National Health and Family Planning Commission, it is necessary to comprehensively promote the comprehensive reform of county-level public hospitals, further expand the pilot scope of urban public hospital reforms, adjust medical service prices, and reduce artificially inflated drug prices and examination fees; reform the drug procurement mechanism to effectively lower artificially high drug prices; advance the optimized allocation of medical and health resources, and establish a tiered diagnosis and treatment system.

Six Departments, Including the National Health and Family Planning Commission, Establish Expert Committee on Pediatric Medications:To further implement the "Several Opinions on Ensuring Pediatric Medication," six departments, including the National Health and Family Planning Commission (NHFPC), have decided to establish the NHFPC Expert Committee on Pediatric Medication. The Committee is responsible for organizing relevant experts to summarize clinical experience and safety data in pediatric medication, form industry consensus, and promote the development of scientific and standardized guidelines for pediatric drug use. It will also organize evaluations to supplement and improve pediatric usage data for drugs that have been used clinically for many years but lack such information in their package inserts, provide recommendations on ensuring safe pediatric medication, and carry out specific guidance and implementation work.

Physicians from Hong Kong, Macao, and Taiwan Can Practice at Multiple Sites in Guangdong:The Guangdong Provincial Health and Family Planning Commission, in conjunction with five other departments, issued the "Notice on Forwarding the 'Several Opinions on Promoting and Regulating Physicians’ Multi-Site Practice' by the National Health and Family Planning Commission and Five Other Departments," which clearly set forth Guangdong Province’s implementation guidelines for physicians’ multi-site practice. The Notice specifies that permanent residents of the Hong Kong Special Administrative Region, the Macao Special Administrative Region, or Taiwan who hold valid medical practice qualifications in their respective regions, have obtained either the "Short-Term Medical Practice Certificate for Hong Kong and Macao Physicians" or the "Short-Term Medical Practice Certificate for Taiwan Physicians" in Guangdong Province, and whose certificates remain within the validity period, are permitted to practice at multiple locations within Guangdong Province.

Sichuan to Establish "Strictest" Drug Regulatory System:This year, Sichuan Province will establish the most rigorous standards for drug quality and safety. While strictly enforcing national drug standards, the province will also undertake the revision of the "Sichuan Province Processing Specifications for Traditional Chinese Medicine Decoction Pieces," formulate relevant institutional regulations, and strengthen regulatory oversight in terms of penalties and drug quality and safety.

Undergraduate Graduates Must Undergo Three Years of Residency Training at Major Hospitals, with an Annual Stipend of 30,000 Yuan per Person:At the joint group discussion of the agricultural and workers’ sectors of the National Committee of the Chinese People’s Political Consultative Conference, Liu Qian, Deputy Director of the National Health and Family Planning Commission, stated that this year, all undergraduate graduates from medical majors at higher education institutions will undergo systematic and standardized training as resident physicians at accredited training base hospitals. The three-year program will focus on cultivating clinical diagnosis and treatment capabilities.

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Data

Healthcare IT Boom Intensifies: Investment Expected to Reach RMB 34 Billion in 2016:Amid the government’s continuous increase in support for healthcare and medical informatics, the surge in medical informatization is accelerating. Industry projections estimate that investment will reach RMB 34 billion in 2016, with the next decade poised to be a golden era for the development of medical informatics infrastructure.

The Global IVD Market Will Exceed $70 Billion in 2020, with Significant Growth Potential in China:According to the "2014-2018 China In Vitro Diagnostics Industry Market Prospects and Investment Strategic Planning Analysis Report" released by Qianzhan Industry Research Institute, it is predicted that by 2018, the scale of China's In Vitro Diagnostics (IVD) industry will reach approximately RMB 38.4 billion.

73.9% of the general public have heard of mobile healthcare services:According to the User Research Report on Mobile Healthcare Services released by Jingran Cloud, 73.9% of the general public have heard of mobile healthcare services, and nearly all (99.4%) users expressed interest in using such services. Among these, appointment scheduling, online doctor consultations, and payment processing are the three most preferred types of medical services. In terms of spending, 58.4% of users indicated their willingness to spend more than RMB 100 annually, while 12% believed that mobile healthcare services should be provided free of charge.

New Technologies

Sci Rep: Heart-on-a-chip models facilitate drug screening
A team at the University of California, Berkeley has developed a novel method for detecting cardiotoxicity. Unlike traditional approaches that rely on non-human animal models or conventional cell cultures, this new method employs a more effective cardiac microphysiological system known as “heart-on-a-chip.” Furthermore, testing of relevant cardiovascular drugs has confirmed its utility as a drug screening tool.

Nature Subjournal: Breakthrough Phototherapy Targets "Deep-Seated" Tumors
Researchers at Washington University School of Medicine have developed a novel phototherapy using mouse cancer models that can directly target tumors deep within the body. In this study, scientists were able to deliver light directly to tumor cells, working in synergy with free radical photosensitizing materials (which can be activated by light) to destroy cancer cells.

"Advanced Healthcare Materials": Magical Ink Draws Biosensors
Researchers at the University of California, San Diego (UCSD) have developed a remarkable ink embedded with specialized sensors that can help diabetic patients monitor blood glucose levels and track various health metrics in real time. This ink allows for single-application writing with multiple readings, making it an essential tool for home-based toxin detection and a valuable asset for soldiers in detecting explosives and nerve agents.

A Software Capable of Converting Text into Braille and Supporting 3D Printing
Italian 3D printer manufacturer Lumi Industries, in collaboration with Libralylyna, has developed and launched a highly practical free tool designed to facilitate interaction and communication between the blind and their surrounding environment: a text-to-Braille converter.

3D-Printed Hyper-Realistic Organ Models for Surgical Practice
Japanese company Fasotec has 3D-printed hyper-realistic lungs featuring moist, soft, and intact tumors and blood vessels. These so-called “Biotexture Wet Models” are expected to launch in Japan as early as April for surgical training and medical equipment testing. Fasotec also plans to begin pre-sales of wet models of the bladder and urethra this October, priced at ¥15,000 (approximately RMB 770) each.

Smart Necklace with Built-in Sensors: Monitors Eating Patterns and Alerts on Portion Size
A U.S. research team has developed a smart necklace called “WearSens” using sensors and wearable technology. The device measures the user’s food intake by detecting throat movements and provides timely reminders regarding portion sizes.

New Zealand Develops Fiber-Optic Sensors, Potentially for Medical Applications
At the WT Conference held in Munich, New Zealand-based company StretchSense introduced a wearable sensor. The company claims that its fiber-optic sensor is durable, precise, and compact, making it nearly invisible when worn under clothing. It further stated that the fiber-optic sensor can be utilized in medical devices within the healthcare sector or in the motion capture industry.

Magnetic Materials Show Promise for Cancer Treatment
A research team led by Professor Kiyonori Suzuki of Monash University has discovered a special type of magnetic material that can achieve a specific self-regulating heating effect, which is expected to provide a new idea for hyperthermia treatment of cancer.

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