China-based China Jo-Jo Drugstores, Inc. said last week it saw a significant increase in annual sales from its online pharmacy.
The retail and wholesale distributor of pharmaceutical and health care products said June 11 that preliminary data showed online sales grew at least 90 percent over the past year, with an over 200 percent jump in the year ending March 31.
China Jo-Jo's online pharmacy sales were estimated at $14 million for fiscal year 2015. Those sales accounted for more than 18 percent of the company's annual revenue, which was up from 11 percent in fiscal year 2014.
China Jo-Jo's management team has been working since 2013 to expand its online pharmacy
China Jo-Jo Drugstores operates 59 retail pharmacies.
China Jo-Jo Drugstores sees 90% jump in online sales
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