News About: Distribution
4 pharmaceutical wholesalers go bankrupt
Four domestic drug wholesalers have been declared bankrupt over the recent 15 days after failing to honor their commercial papers.
The bankruptcies of these wholesalers, suffering from cash flow problems, were main...
RMS Korea under fire over forcible stake acquisition of small shareholders
RMS Korea, a drug wholesaler firm owned by the Netherlands’ Nethor Investment B.V., has been criticized for its forcible attempts to buy stakes of three small shareholders at cheaper price.
According to a law-firm ...
Drug Logistics Cooperative, Hansol CSN team up for logistic center
Korea Drug Logistics Cooperative (KDLC) said Sunday that it has struck a business tie-up with its business partner Hansol CSN, a local provider of logistics solutions, to boost the domestic small- and medicum-sized ph...
GSK urged to keep profit margin of Augmentin
GlaxoSmithKline (GSK), is drawing protest from domestic drug wholesalers for its intention to slash the wholesaler profit margin from 10 percent to seven percent.
But the company has still refused to accept the eig...
New drug logistics body set to help smaller wholesalers
The Small and Medium Business Administration (SMBA) approved on Tuesday the establishment of a new logistics cooperative, Korea Drug Logistics Cooperative (KDLC), to promote the domestic small- and medium-sized drug l...
Drug wholesalers to bring fight to Constitutional Court
The debate over regulating the warehouse size of new wholesalers to 264 square meters will be brought to the Constitutional Court against a revision bill of Pharmaceutical Affairs Law passed last March.
In a semina...
Pharmaceutical wholesalers struggling to improve bottom lines
Drug wholesalers are finding it increasingly difficult to boost their bottom line amid growing financial costs and credit card fees, analysts said.
To make matters worse, the nation’s average drug manufacturers are...
Falling profit margin squeezes drug wholesalers
Domestic drug wholesalers are facing ever-decreasing profit margin by domestic and foreign pharmaceutical firms over the last several years, watching their bottom lines being undercut by weakening profit margins.
A...
Wholesalers’ cooperative to be set up
The newly established Korea Drug Logistics Cooperative (KDLC), a new wholesaler cooperative body, will likely to get an approval from to the Small and Medium Business Administration within this month.
The cooperati...
Wholesalers, pharmacies challenged by large retail chains
Pharmaceutical wholesalers and pharmacy owners have seen their sales of household insecticides plunge as customers tend to visit large marts more frequently.
Pharmacies, which have sold a variety of household insec...
