News About: Distribution
M&As to sweep drug wholesaling industry
Fierce competition and falling profit margins in the pharmaceutical wholesaling industry is making it harder for wholesalers to do business.
Analysts expect a large number of mergers and acquisitions (M&A) to take ...
Zuellig Pharma Korea opens drug logistics center
Zuellig Pharma Korea said Tuesday it has launched a drug logistics center at Kimpo, Gyunggi Province.
“Serving pharmaceutical companies’ distribution needs has always been an integral part of Zuellig Pharma’s busin...
Wholesalers group to boycott medicine produced by Allergan and Myungmoon Pharm
The Korea Pharmaceutical Wholesaler Association (KPWA) vowed on Monday to boycott all drugs produced by Allergan Korea and Myungmoon Pharmaceutical in protest of their latest reduction in wholesaler margin profits.
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Drug wholesalers in great distress over margin profit cut
Local drug wholesalers are finding it increasingly difficult to boost their bottom line amid growing demand of wholesaler margin profits cut by foreign pharmaceutical firms.
Allergan Korea has recently decided to s...
KPWA, drugmakers agree to maintain wholesaler margin
The Korea Pharmaceutical Wholesaler Association (KPWA) and three drug firms, such as Kukje Pharmaceutical, Arlico Korea Pharmaceutical and Dongkoo Pharmaceutical, recently agreed not to lower the current wholesaler ma...
Wholesaling industry promises to clean hospital bidding markets
The Korea Pharmaceutical Wholesaler Association (KPWA) said Friday it will make every effort to improve unethical bidding practices in local hospitals.
The KPWA also reiterated its strong will to eradicate such ill...
70% of KPWA member companies comprise small wholesalers with 20 billion won in sales
The Korea Pharmaceutical Wholesaler Association (KPWA) said that the number of its member is 426 wholesalers as of the end of last year and 70 percent of the total members are small- and medium-sized wholesalers with ...
More small wholesalers forced into bankruptcy
A growing number of small-and mid-sized drug wholesalers here have gone out of business over the past few years, due largely to falling margins amid the government’s push to slash drug prices.
Those remaining are ...
Baekje Pharm to open large-scale drug logistics center
Baekje Pharm, Korea’s largest drug wholesaler in sales, said Thursday that it will open the nation’s large-scale drug logistics center in Pyungtaik, Gyunggi Province from March 1 after its test-run operation this mont...
Wholesaling industry under fire over back margin
The country’s wholesaling industry is under fire over their deteriorating management condition for providing excessive back margins to pharmacies in return for handling their products.
In a congratulatory speech at...
