Bayer Korea withdraws wholesaler profit margin cut plan

Bayer Korea has decided to withdraw its plan to slash the wholesaler margin over their products which will take effect from October, the Korea Pharmaceutical Wholesaler Association (KPWA) said last Friday.

In a meeting with Bayer Korea CEO Niels Hessmann, the KPWA president Hwang Chi-yeop said that the company’s margin cut plan will further aggravate wholesalers’ bottom lines as wholesalers ...