As per research by the World Health Organization (WHO) recently 32 billion dollars have been earned by the producers of counterfeit medicines globally.
Your Guide to Anti-Counterfeiting
Category: Track and Trace
Category: Track and Trace
It has been reported that globally there has been an unhealthy growth of counterfeit vehicles and their parts which puts the user safety to risk and is causing the automobile companies to lose millions. A majority of these parts which are counterfeit have come from China while a lot of them are locally generated as well. It is known that the two out of five spare parts which are sold are fake.
It is the scientists and medical practitioners for whom the success rate is at the tipping point in the pharmaceutical industry. They made enormous, untiring efforts to institutionalize the practice of teaching and involving the budding youth in the booming world of medical studies and pharmacy.
The pharmacy industry sprung because of the continuous efforts and incorporation of the intellectual minds too helped to mount the success rate of pharmacy. In the real world, the urgent need of pharmacy is on a higher price and to make a better diagnosis of the needles, it demands to be studied and revised as per the growing competitive needs of the market.
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It may be intended to imitate any product by some people when the product may be the replica of the real product. But, the act is illegal or unauthorized. The law is done with the purpose of getting the higher value of the product as per line of the real product. The act of copying the actual product with the intention of the artificial product may be called counterfeit.
Counterfeiting fast moving consumer goods has reached such high proportions, it can almost be called an epidemic now. At present, a whopping 7% of the world’s total trade is in counterfeit goods, and that is alarming because not only is it detrimental to the original businesses, it is also bad for consumers who rely on these products.
From medicine to food to cosmetic products and even clothing, everything is counterfeited at a high scale, and counterfeiters make huge profits from the sale of these fake products.
The need of the hour is to stop the counterfeiting of these goods so that customers can have the assurance of quality and businesses do not suffer financial losses.
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The manufacturer of the pharmaceutical product has to ensure that his products are genuine and protected. Protection is important to avoid counterfeit.
Counterfeit medicines have affected the pharma world badly. Almost all the countries around the world are facing the problem of counterfeit drugs.
Counterfeit Drugs, Genuine Solutions!
Fake medications still remain the topmost concern in the global pharmaceutical industry. Currently, in the intricate global economy, augmentation of online transactions and complex pharmaceutical supply chains has made it even more difficult to detect such counterfeit drugs.
The pharmaceutical industry is battling simultaneously against counterfeit drugs thriving online, and also in hospitals and pharmacies. These counterfeit drugs not only affect the reputation of the drug manufacturers and cause sales loss, but they are very much dangerous to our health too.
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Fake medicines in the market are a big menace and a big apocalypse on the planet today. Something as precious as medicines that can save a human life is adulterated to the extent that it can actually kill a human being.
Not only do Fake Medicines have serious ramifications on health, they also affect the Brand in the most negative way.
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Before jumping to conclusions and buying a cheap branded perfume, one must choose one of the above because cheap doesn’t always go with branded, if it does then there is something wrong with it.
Buying such duped products can also be harmful to your health as well.
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