Zuellig Denies Proposal on Inventory Returns from Its Associate Wholesalers

In the third round of negotiations on improving contractual terms and conditions for the pharmaceutical wholesale distribution by Zuellig Pharma Korea (ZPK), the representatives from the Seoul Pharmaceutical Association (SPA) and ZPK were not able to reach an agreement on certain return provision dealing with the local wholesale associates of ZPK.

During the early part of negotiation, both s...