Major drug wholesalers seeking to boost sales

The country’s three large wholesalers, such as Geoyoung, Baekje Pharm, Dongwon Pharm, are seeking ways to expand their sales volume after comprehensive price cuts of drugs by the government in April.

These wholesalers are trying to survive the government’s price cuts by promoting merger & acquisition (M&A), expanding distribution channels and outlets.

Recently Dongwon reached a deal to bu...