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Small wholesalers struggling to boost bottom lines
Small and medium-sized wholesalers are finding it increasingly difficult to boost their bottom line amid drug makers’ demand for more collateral.
They complain that some drug companies ask for a bank’s letter of guaranty while declining to receive a promissory note issued by a large hospital.
“Banks incline to avoid issuing their letter of guaranty on small wholesalers with 20 to 50 billi...
They complain that some drug companies ask for a bank’s letter of guaranty while declining to receive a promissory note issued by a large hospital.
“Banks incline to avoid issuing their letter of guaranty on small wholesalers with 20 to 50 billi...
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