India, July 22 -- Ping An Biomedical Co., Ltd. (PASW), a China-based healthcare and biomedical technology company, Tuesday announced a strategic cooperation agreement with Yuan Sheng Mei Yan Health Services Co., Ltd., to expand its commercialization and distribution network in China's health and wellness market. The partnership targets cumulative sales of RMB 500 million over the next three years.

Under the agreement, Yuan Sheng Mei Yan will serve as Ping An's development partner, supporting product distribution, market expansion and terminal service implementation. Meanwhile, Ping An will provide biotechnology products, technical expertise, and research & development support, which helps both parties to build a synergistic system across t...