Making counterfeit drugs
is more appealing than trafficking in cocaine or other illegal drugs because counterfeiters are not pursued as aggressively and they're part of a circuit in which they can launder their money faster," Peretta says.
SupplyScape Electronic Pedigree, our technology, is the most secure and economical method to track authentic drugs and enables pharmaceutical manufacturers, wholesalers and pharmacies to eliminate counterfeit drugs
, improve the speed and quality of shipping and receiving, expedite returns processing and improve recall precision," said Dahod.
The FDA has not taken the issue lightly and has formed a new office focused specifically on the issue of counterfeit drugs
The outcome of the consultation is yet to come but, hopefully, this will signal a tougher stance against Counterfeit drugs
, and prevent the damaging affects they have.
section][section] 331, 333 (2000) (prohibiting and penalizing counterfeit drug
trade); WHO FACT SHEET 1, supra note 5 (estimating percentage of counterfeit drugs
in developed and developing nations).
The problem of counterfeit drugs
is not likely to abate within the next few years.
Fouad said most times a counterfeit drug
would be missing its affecting agent.
In fact, the National Association of Boards of Pharmacy estimates that counterfeit drugs
generated $75 billion in revenue in 2010.
According to Innovation Endeavors' Dror Berman, "We've invested in PharmaSecure because they are executing a game-changing approach to combating counterfeit drugs
that holds huge potential for improving the safety and security of pharmaceutical products throughout the world.
Abdel Rahman Shaheen, spokesperson for the Ministry of Health, stressed the importance of dealing with the counterfeit drug
problem, stating that the work conditions of the inspectors have to be improved to allow them to do their job properly.
Because of the sophistication of the counterfeit drug
mafia, it is increasingly difficult to differentiate between original and counterfeit drugs
Here, we look at the nature and extent of the counterfeit drug
trade and focus on potential solutions to the problem, in particular the application of the latest XRPD (X-ray powder diffraction) technology.
Last July, the Food and Drug Administration (FDA) created a Counterfeit Drug
The major challenge associated with a counterfeit drug
is that a non-expert, such as a patient, cannot differentiate between genuine and counterfeit drug
without the help of a special instrument or device.
Additionally, there is no determination if the active ingredient is in the counterfeit drug
in the right amount or even in it at all.