LEXICON
No.111 April 19, 2012

Negative primary margin on sales or loss on sales
一次売差マイナス

Under the current ethical drugs (医療用医薬品) distribution system in Japan, manufacturers transfer their products to wholesalers at invoice prices (仕切り価). Wholesalers then resell the drugs to medical institutions (医療機関) or dispensing pharmacies (調剤薬局), which are reimbursed under the health insurance...

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