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Pharmaceutical Manufacturing and Packing Sourcer
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For the pharmaceutical industry, authenticity and brand protection is becoming increasingly important on an international scale. Experts estimate that product counterfeiting accounts for billions of Euros being lost to national economies every year. In Asia, particularly in India and China, product piracy has grown into a serious problem. The International Herald Tribune reported recently that more than a quarter of the malaria medications sold in Cambodia have no therapeutic effect. According to a World Health Organization (WHO) study, the scope of this problem is by no means limited to developing countries. In the US, where drug controls are more stringent than anywhere else in the world, the Food and Drug Administration (FDA) has investigated over 70 cases of fake medications since 1996, resulting in 43 individuals being arrested in conjunction with drug counterfeiting.
Any product bearing deliberately false markings regarding its identity and origin is deemed a counterfeit product. Pirate products may contain genuine as well as lower-quality ingredients and are sometimes offered in the original pack. For manufacturers, counterfeiting and grey market trading result in lost revenues and incalculable warranty claims and may cause irreparable damage to their image. For the consumer, counterfeit products, such as spare parts or medical drugs, often pose life-threatening risks.
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