News About: Distribution
Pharmaceutical distribution will encounter whole new change in distribution system from serial number system
There is an anticipation that the obligation to report drug serial numbers, which will be implemented on July 2017, will shake the pharmaceutical distribution industry’s distribution system from its very foundation.
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Last year’s drug distribution amount reaches KRW 52.4 trillion increased by 7.1%
The last year’s amount of pharmaceutical distribution was aggregated to exceed KRW 50 trillion. Also, it was observed the supply of emergency household drugs to convenient stores has constantly been raised.
Accordin...
Series of pharmas to attempt to cut distribution margins
As many pharmaceutical companies decided to cut margins, pharmaceutical distribution companies have carried out tough fights against them.
According to the industry concerned, a Korean pharmaceutical company withdre...
No. of pharma. dist. companies keeps increasing, focused in capital area
It was observed the number of pharmaceutical distribution companies was increased by 372 units since the regulation about the size of storage is relaxed in the beginning of 2015.
The regulation about the storage siz...
Deficits in pharmaceutical trade balance have hit KRW 18.8 trillion since 2010
It was observed deficits of the pharmaceutical trade balance surprisingly reached KRW 18.83 trillion after the year of 2010.
It was analyzed, however, the deficits are narrowly decreasing as pharmaceutical exports g...
Government & dist. industry having different aims over obligation of serial number
Although the government is enthusiastically getting ready for obligation of drug serial numbers for July next year, the distribution industry strongly argues it is still premature to do so.
The distribution industry ...
Pharmaceutical wholesalers to enlarge new dist. channels with convenience and H&B stores
Pharmaceutical distribution companies started to focus on building new distribution channels to strengthen values of products they distribute.
According to the distribution industry, sales of emergency household drug...
Do multinational companies sign agreements only in English?
“Even if it is a multinational pharmaceutical company, I wonder what the company thinks when issuing contracts only in English while having a business in Korea.”
A well-known multinational pharmaceutical company disg...
Will enlargement of companies be a solution to distribution industry’s security issue?
In order to address the security problem, one of the biggest burdens among domestic pharmaceutical distribution companies, it seems enlargement must be proceeded.
This is because securities have naturally disappeare...
Distribution industry’s effort to find solution over low-margin Sovaldi and Harvoni
Since the usage of pricey hepatitis C treatments, ‘Sovaldi’ and ‘Harvoni,’ rapidly increase, the pharmaceutical distribution industry the pharmacy circles have raised a voice that they would need to cooperate to solve...
