News About: Distribution
Wholesale businesses; worsen profitability due to increasing of drug co marketing
After large-scale lump-sum drug price reduction, Multinational and local companies co marketing active but distribution margin reduced
(The Yakup Shinmoon)
Wholesales businesses oppose strongly against low margin...
Foreign drugmakers’ squeeze hits wholesalers
Multinational drug manufacturers, including Bayer Korea, are set to cut wholesalers’ profit margin to a 5-percent level from next year.
As a result, drug wholesalers will see their profits melt away, market offici...
Warehouse rules for wholesalers to be eased
The Ministry of Health and Welfare is considering increasing the acceptability range of warehouse for local drug wholesalers, according to the Korea Pharmaceutical Wholesaler Association (KPWA).
Under the revised p...
Domestic wholesalers hit by low distribution margins
Korea’s wholesaling industry is now in financial crisis due to foreign invested drug firms’ thinner distribution margins and sluggish sales triggered by the government-mandated price cuts in April last year.
“Many ...
Baekje Pharm eyes 1 trillion won
Baeje Pharm, Korea’s leading wholesaler, has set its sights on 1 trillion won in sales in the near future, propelled by sales in drug logistics and online business.
As part of its efforts to reshuffle its business ...
Wholesalers call for scrapping of cash reward system
The Korea Pharmaceutical Wholesaler Association (KPWA) said the contentious cash reward system for doctors and pharmacists should be abolished.
In a statement delivered to the Ministry of Health and Welfare on Tues...
30 large wholesalers are up in arms
The Pharmaceutical Development Conference (PDC) said Monday it will roll up their sleeves to thwart the attempts of multinational drug manufactures, including Bayer Korea, who opted for cutting the distribution profit...
Three countries’ wholesalers vows to deter multinational drug firms’ thinner margin
Wholesalers from Korea, China and Japan are joining forces in fighting against multinational drug manufacturers’ recent movement to cu distribution profit margin.
In the first Asia Pacific Pharmaceutical Distributi...
Wholesalers are up in arms against Bayer Korea
Drug wholesalers vow to defy Bayer Korea’s distribution margin cut plan.
The Korea Pharmaceutical Wholesaler Association (KPWA) said that If the company tries to lower distribution margin to a five percent level, w...
Bayer Korea faces wholesalers’ vehement opposition against margin cut
The Korea Pharmaceutical Wholesaler Association (KPWA) and the 30-member Pharmaceutical development Conference (PDC) will push ahead with their united campaign against Bayer Korea’s plan to cut the wholesalers’ profit...
