News About: Distribution


Contract distribution service expected once serial number system is enforced next year

Due to enforcement of the drug serial number system next year, relevant outsourcing markets are expected to get more active. A lot of pharmaceutical distribution companies are expected to outsource distribution. Acco...

"There are KRW 6 billion multinational pharmas’ medicines stocked at 19 companies"

The Korean Pharmaceutical Association and the Korea Pharmaceutical Distribution Association will take joint actions on multinational companies’ disused and stocked medicines. The Korean Pharmaceutical Association(KPA...

KPDA to actively get ready for low margin and serial number system

The Korea Pharmaceutical Distribution Association(KPDA) will intensively seek for active measures about current pending issues, such as low margins from pharmaceutical companies, the serial number system and legislati...

When the distribution industry will be able to balance payments with pharmas for drug price cuts?

While the government has continue to show a mood to cut drug prices, the issue with balancing accounts has shown no sign to be addressed. According to the pharmaceutical distribution industry, pharmaceutical companie...

Distribution fields, “Serial number and minimum wage are raising pressure on our business”

The pharmaceutical distribution field is appealing business pressure raised by the program which will be enforced soon. They argue that various aspects, such as the serial number reporting system which will be enforce...

Distribution companies with various product lineups, like candies, drinks and humidifiers

Pharmaceutical distribution companies are putting efforts on making new sources of sales, such as medical devices, quasi drugs, health functional foods and cosmetic products as well as OTC drugs, due to continuous dru...

KPA & KPBMA discuss about counteractions on pharmas noncooperative to returns

The Korea Pharmaceutical Association(President Chan-Hwi Cho, KPA) and the Korea Pharmaceutical and Bio-Pharma Manufacturers Association(Chairman Sun-Hye Cho, KPBMA) created a consultative group to strengthen cooperati...

Pharma distribution industry defines ‘serial number system’ as ‘evil’

While the drug serial number system has left 7 months of the grace period for administrative measures, the pharmaceutical distribution industry seems to take strong actions as defining the serial number system as an e...

Top 3 pharma distribution companies own 23% of total surpluses that the industry owns

Pharmaceutical distribution companies reportedly saved KRW 2.1 trillion external surpluses accumulated internally at the end of the last year. Especially, the top 3 companies, Geo-Young, UMC Holdings and Ohsong Pharm,...

Pharmaceutical distribution companies have debt ratio decreased by 4.7%p to 236.9%

Korean pharmaceutical distribution companies recorded a debt ratio of 236.9% last year, decreased by 4.7%, showing improved financial soundness. Yakup Shinmoom(www.yakup.com) analyzed debt ratios that 148 pharmaceuti...

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