Wholesalers speeding up M&A moves

Domestic wholesalers have been speeding up their M&A moves as part of their efforts to beef up competitiveness.

Industry analysts have interpreted the change of business structures via mergers and acquisitions between wholesalers to survive the challenges in the market.

SongAm Pharm said it has agreed to buy a small-sized wholesaler Chungsoo Pharm at unspecified amount in a fast-forward d...