News About: Distribution
Pharmaceutical Firms Consider New Ways to Evaluate Wholesale Distribution Partners
The domestic pharmaceutical firms are looking to move away from the existing evaluation method that has influenced the contractual relationships with their wholesale distribution partners, in which the standard indust...
Nicorette Gains Faster Market Shares
According to the pharmaceutical wholesale distribution community, there is an increasing rate of wholesale transactions for Nicorette, an over-the-counter (OTC) nicotine replacement product marketed by Pfizer Korea.
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Geo-young Distribution Announces Year 2004 Financial Results
The pharmaceutical distribution arm of Geo-young Corporation, a domestic holding company specialized in the provision of tripartite distribution services to the manufacturers, retail pharmacies and other wholesalers, ...
Retail Pharmacies Voice Strong Opposition and Protest against Roche Korea
The national association of retail pharmacies specialized in dispensary practices voiced a strong commitment on the nationwide initiative of cumulative inventory returns, as well as on the countermeasures designed aga...
More Domestic Wholesalers Become Large-Scale Business
According to the Year 2004 revenue data collected from 86 pharmaceutical wholesalers in the nation, there is a trend among the companies to become the large-scale entities in order to survive in the fiercely com...
MedionMall Makes Joint Cooperative Agreement with Baekwang Pharm
MedionMall Co. Ltd., an e-commerce company specialized in the on-line sales of pharmaceutical products to the retail pharmacies, recently made a joint cooperative agreement with Baekwang Pharm, the wholesale company.
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ZPK Announces Financial Results for Year 2004
Zuellig Pharma Korea (ZPK) announced of its financial performance results for Year 2004, in which the company reported the sales of 22.9 billion won, up by 6.1% from the prior fiscal period.
From the results announ...
Regional KFDA Office Dismissed Allegations Against ZPK and Multinational Firms
The recent disposition by the Kyungin Regional KFDA (Korea Food and Drug Administration), which dismissed the allegations against Zuellig Pharma Korea (ZPK) and six pharmaceutical firms, is provoking suspicions by the...
OTC Wholesalers Venture into Hospital and Medical Clinic Markets
There is an increasing number of domestic pharmaceutical wholesalers, with their main focus on over-the-counter (OTC) product sales, that are expanding their marketing operations towards hospitals and medical clinics....
Domestic Firm Implements Accounting Change for Expected Sales Return
Youngjin Pharmaceutical announced on February 18th that it has implemented a change in the company's financial accounting standards, in the area of revenue and profit recognitions as related to an expected sales retur...
