Chongqing Drug Exchange is a government-led third-party platform, which establishes four service systems: information, transaction, delivery and settlement. The exchange implements the membership system. According to the trading rules, the production enterprises publish the information of drugs on sale on the trading platform, and the medical institutions negotiate the price with the production enterprises on the electronic trading platform according to the demand, sign an electronic procurement contract combining quantity and price, and purchase at any time according to the drug use. Traditional pharmaceutical companies will "transform" into distribution enterprises, and distribution contracts and drug procurement contracts will be signed at the same time. Medical institutions must pay the payment through the settlement center set up by the exchange and the bank within 60 days after confirming the receipt of the invoice. The exchange will also release information on the price index of trading varieties, and gradually establish a drug price discovery mechanism and a reasonable price formation mechanism.
It is easy to publish drug price information on the platform, which will definitely have an impact on the price of pharmaceutical companies. However, through online transactions and time-limited settlement, pharmaceutical companies can save manpower, material resources and financial resources in product marketing, which is conducive to reducing costs. The competition between production enterprises will tend to win by quality and price.