News About: Distribution
Pharmaceutical firms struggling to boost OTC sales
Influenced by the recent surging price of crude oil, some of leading OTC makers – Samsung Pharm and Myungmoon Pharm - are poised to increase drug prices as part of efforts to boost OTC sales.
These makers are looki...
Wholesalers turn to profit-oriented management
More drug wholesalers are turning to profit-oriented management instead of aggressive sales expansion, reflecting their growing discontent over falling margin.
Several major wholesalers are considering maintaining ...
Makers of ginkgo biloba preparations to face sizable sales loss
SK Chemicals and Yuyu Pharm, the nation’s leading manufacturers for ginkgo biloba preparations, will likely see their sales plunge as these medicines can be reimbursed only for enhancement of cognitive function.
So...
Margin issue to be renegotiated
The Pharmaceutical Development Consultative Committee says it will have a meeting with GlaxoSmithKline until April 23 over the controversial wholesaler margin issue, while distributing all of GSK medicines on a condit...
Wholesalers threaten to boycott GSK products
The Pharmaceutical Development Consultative Committee decided to boycott all prescription drugs of GlaxoSmithKline on April 9, threatening to return all of GSK products.
The PDCC asked, via its mail, GSK to restore...
Wholesalers, two drugmakers reach agreement on margin issue
Wholesalers and LG Life Sciences have reached an agreement on LG will provide wholesalers with more than average wholesaler margin and maintain its sales policy to distribute its whole products via wholesalers.
Jan...
Korea seeking 2009 IFPW meetingKorea will have a chance of holding the general membership meeting of the International Federation of Pharmaceutical wholesalers (IFPW) according to a chairman of the Korean Ass...
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Zuellig Korea's poor logistic system triggers debate
Pharmaceutical business sources say that the overall delivery system of Zuellig Korea should be investigated as freeze-required medicines have been distributed along with other general medicinal products.
So far, Z...
Pharmaceutical makers, wholesalers urged to seek co-existence
Drug wholesalers have actively moved to seek their survival strategy for the attainment of minimal and reasonable drug margin as GlaxoSmithKline and Kyungdong Pharm succeeded in reducing wholesaler margin.
There is...
Drug wholesalers seek proper margin
An official from the Korean Association of Pharmaceutical Wholesaler said on Mach 12 the association will focus on placing the appropriate wholesaler margin in tract, citing the recent rumors that some pharmaceutical ...
