True or False: Only 3 companies account for nearly 90% of all wholesale drug sales.

The statement that only three companies account for nearly 90% of all wholesale drug sales is true, highlighting the significant level of consolidation within the pharmaceutical distribution industry. This phenomenon underscores the dominance of a few major players in the market, suggesting that a small number of companies hold considerable power and influence over pricing, distribution, and availability of pharmaceuticals.

This concentration can impact market dynamics, affecting competition, pricing strategies, and supply chain logistics. Understanding this structure is crucial for pharmaceutical representatives, as they navigate relationships and understand their market landscape. It also emphasizes the importance of keeping abreast of industry trends, as the actions of these dominant companies can have widespread implications for healthcare providers and patients alike.