News About: Distribution
Conflicts on profit margins between wholesalers and retailers surfaced
The drug wholesale and retail communities are in disputes on the issue over their back margins and the wholesaler's stock sales in a divided package, all irregular trade acts, showing a feature of the wholesaler's sid...
Scouting of wholesaling salespersons being debated
The recent controversy over the reckless scouting of salespersons between drug wholesalers was rekindled, according to the sources.
A newly established wholesaling firm, which suffered his/her insolvency amounting ...
Wholesaling industry should safeguard its own viability
There are many voices in the wholesaling industry that its future viability should depend on better financial stability via enhanced image of the Korea Drug Wholesalers Association.
Business sources say that ther...
Domestic wholesaling to gear up a profession manager system
Influenced by the recent trend in the domestic wholesaling industry in favor of recruiting new market experts and/or professional managers involved in the pharmaceutical circle, Baikje Pharm, one of the largest wholes...
On-spot inspection of KGSP-accredited wholesalers draws varying reactions
The Korea Food and Drug Administration (KFDA) said it would further strengthen the surveillance of drug wholesaling firms accredited as Korea Good Supply Practice (KGSP) system from the early period of this year.
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Foreign-invested pharmaceutical firms are turning to outsourcing
Influenced by subsequent reductions in reimbursed drug prices and expected business downturn until the first half of next year, foreign-invested pharmaceutical firms are turning their eyes to the outsourcing as a way ...
Feud over falling wholesaler margin
Influenced by the recent moves that Cheil Jedang will reduce one percent on their current wholesaler margin of eight percent (including three percent on cash settlement) from next year and Korea Green Cross will maint...
Direct transaction of general hospitals will be permitted after reform
Pharmaceutical business sources say that although the Regulatory Reform Committee (RRC) intends to revise the current drug distribution law in a bid to allow the direct transaction of general hospitals towards the lat...
Mr. Lim declared candidacy for next president of Seoul PhWA.
Chairman Lim Maeng-ho of Boduk Medical wholesale company declared the candidacy for the next president of the Seoul Pharmaceutical Wholesalers Association (Seoul PhWA). He said on Dec. 9 that he had kept holding for t...
Dumping acts of drugs on hospital bidding require supply certificate
Pharmaceutical business sources say that as the price of a new drug was reportedly dumped by 15 to 20 percent over the normal price in the drug bidding of Ilsan Hospital, the bidding order of drugs should be re-establ...
