News About: Distribution
Falling profit margin squeezes domestic drug wholesalers
Domestic drug wholesalers are facing escalating competition between themselves and Zuellig Pharma Korea, watching their bottom lines being undercut by weakening profit margins.
To make up for shortfalls in governme...
Major drug wholesalers face probe over irregular bidding in hospital
A joint government investigation team will embark on scrutinizing the country's eight major hospitals in relation to undue business practices involving hospital tenders, following its investigation into the drug maker...
Drug Logistics Cooperative changes name to KDDC
The Drug Logistics Cooperative said Monday it changed its name to the Korea Drug Distribution Cooperative (KDDC) on April 16 as the cooperative related duties business have been assigned to the Korea Federation of Sma...
Drug wholesalers spend less on entertainment
The burdensome banking costs and credit card fees of the past year had wholesalers scramble to tighten their purse strings, Yakup.com, a pharmaceutical information company, said yesterday.
A total of 33 wholesalers...
Wholesalers’ sales inch up while profits plunge in 2011
Korea’s pharmaceutical wholesalers saw their sales creep two percent on-year in 2011 while their profits sharply plunged, a report said Monday.
According to data released by Yakup.com, a pharmaceutical information ...
Pharmaceutical wholesalers seek allies over compulsory warehouse space
The Korean Pharmaceutical Wholesaler Association and the government are at odd over the new regulation over the size of warehouse.
On Thursday, a group of drug wholesalers filed an injunction with the he Seoul Admi...
Drug logistics cooperative to be approved in May
New drug logistics cooperative aimed at promoting further growth of domestic small and medium pharmaceutical wholesalers will likely approved in May, according to the Small and Medium Business Administration (SMBA).
...
Zuellig Pharma Korea’s profits up in 2011
Zuellig Pharma Korea (ZPK) said its operating profit rose 14.86 percent to 39.1 billion won on-year last year. The net profit soared by 57.01 percent to 4.67 billion won.
ZPK’s pain-in capital stands at 12 billion ...
75 drug wholesalers fared worse in 2011: data
75 domestic pharmacetucial wholesalers performed worse last year than in 2010, due mainly to a variety of negative factors, data showed recently.
The Tax Union said the 75 drug wholesalers saw their revenue increas...
Wholesalers denounce multinational firms
The government plans to slash the price of about half the drugs on the market by an average of 14 percent in April.
As a result, the issues such as handling of returned goods and a thinner wholesaler margin, have r...
