News About: Distribution
Wholesalers threaten to boycott Bayer products at pharmacy
Local drug wholesalers will join a nationwide campaign to boycott Bayer Korea products at drugstores to protest the company’s plan to slash the wholesalers’ profit margin from October.
Officials from the Korea Phar...
KMA lashes out at improper punishment over doctors’ illegal kickbacksRoh Hwan-kyu, president of the Korean Medical Association (KMA), the nation’s largest doctors lobby, has criticized the prosecution for imposing too severe punishment on doctors...
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Drug wholesalers scramble to survive
Local drug wholesalers are seeking ways to survive as their profit margins continue to fall in the domestic market after some foreign pharmaceutical firms attempted to cut down wholesalers’ margin.
Under such circu...
Zuellig Pharma Korea gets information security system certificate
Zuellig Pharma Korea said Tuesday it has received ISO/IEC 27001 certification from SGS, a global test and verification service agency, for the first time in Korea.
ISO/IEC 27001 is an information security managemen...
Wholesalers struggling to improve bottom lines
Local drug wholesalers are finding it increasingly difficult to boost their bottom line amid falling profit margin and a stiffer competition with other wholesalers, analysts said.
To make matter worse, Bayer Health...
Major drug wholesalers seeking to boost sales
The country’s three large wholesalers, such as Geoyoung, Baekje Pharm, Dongwon Pharm, are seeking ways to expand their sales volume after comprehensive price cuts of drugs by the government in April.
These wholesal...
Wholesalers in hot seat over mandatory warehouse provision
Starting next April, pharmaceutical wholesalers are obliged to safeguard a drug warehouse of 80 pyung (1 pyung = 3.3 square meters).
That poses a dilemma for the Korean Pharmaceutical Wholesaler Association (KPWA),...
Wholesalers’ warehouse provision stirs confusion
A conflict is still arising from a changed law requiring a drug wholesaler to have a warehouse size of at least 80 pyung (1 pyung equals to 3.3 square meters).
The law will take effect from April next year. The gov...
Too small to survive for wholesalers
Although the country’s pharmaceutical sector has been overshadowed by such export powerhouses as the giant electronics or auto industries, Korea actually has a fairly large pharmaceutical market.
Korea ranks among...
Drugmakers, wholesalers suffer from 3 trillion won losses due to returned medicine in 2012
Returned medicine has been still a headache for drug makers and wholesalers as they posted a loss of 3.18 trillion won due to returned goods last year, a government report showed recently.
According to the report b...
