News About: Distribution
Drug wholesalers to oppose drug maker's warranty pressures.
Recently the pharmaceutical industry has reinforced their credit controls by pushing indiscriminated and heavy warranty to wholesalers, which, the wholesale community said, might be beneficiary neither to makers nor t...
Domestic drug wholesalers reacting sensitivity to Lilly Korea's unfair marketing policy
In its special meeting on May 10, the Korea Drug Wholesalers Association reacted sensitively to Lilly Korea's arbitral decision to joint hands with Zuellig Korea, vowing to seek possible countermeasures.
The determ...
Drug makers, wholesalers and hospitals in whopping confusion.
Drug makers and wholesalers have faced with serious crisis caused by the 1st default committed by "B" wholesale company on April 30, implicated with the hospital supplies especially to Veteran hospital at the moment.
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Seoul pharmaceutical wholesalers to discuss returned stocks.
Seoul Pharmaceutical Wholesale Association took an executive meeting on April 29 to discuss the returned stocks of Lilly that were distributed by Zuellig assigned as an outside distributor in Korea mainly focusing on ...
Doubts mounting over change of Zuellig Korea' business accounting standards
In the wake of Zuellig Korea's policy to change its business accounting standards from gross sales to net sales derived from service charges (sales commission) last year, the domestic wholesaling industry is casting d...
Solidarity rally of drug wholesaler's CEOs
President Whang Chi-yeop of Seoul Pharmaceutical Wholesale Association took a workshop for the CEO of OTC and ethical drug wholesalers at Tower hotel on April 20 and decided a grand solidarity rally in all participati...
Domestic drug wholesalers vigorously pursuing earlier retuned goods disposal
The Seoul chapter of the Korea Drug Wholesalers Association said on April 20 that it has set up an interim committee designed to cope with the issue of returned drugs posing a threat to the overall management of its m...
Concerns mounting over deepened market convergence of Zuellig Korea
Industry sources say there is anecdotal evidence showing that domestic wholesalers are facing less margins with the current market convergence of Zuellig Korea, pressing many small wholesalers to shut down their busin...
Sales of Drug wholesales rose 13% on average in 2003.
The business performance by drug wholesalers in 2003 showed an overall rise of sales with about 9% increase of net incomes on the contrary to an earlier doomed prediction.
According to 60 drug wholesalers financial...
Wholesaler transactions up, pharmacy transaction down
The Korea Tax Union said in its report that 96 pharmaceutical firms traded a total of 2.60 trillion won worth of drugs with drug wholesalers in 2003 from their total sales revenue of 6.35 trillion won, reflect...
