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Pharmaceutical Manufacturing and Packing Sourcer
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Pharmaceutical firms are known for their large investments in aggressive and sophisticated marketing, which can easily exceed $50 million for many brand name drugs. Yet is the firm receiving the revenue that the brand is attracting or is it going to counterfeiters, disloyal distributors and other criminals? For example, a drug that drives $500 million in annual revenues and has a conservative five per cent counterfeiting and/or diversion problem, is losing $25 million in top line revenue. The stakes are even higher for the more than 20 drugs that bring in annual sales of one billion plus each year, especially since these drugs tend to have the cache and profit margins that counterfeiters covet.
The pharmaceutical industry also has the added burden of liability and consumer confidence obligations as Figure 1, Figure 2 and Figure 3 detail. Loss of revenue due to product and brand compromise is no longer an accepted cost when doing business. As detailed in previous PMPS articles, there are a number of commercially available technologies each with properties that make them well suited for combating fraud in different applications. Figure 3 illustrates some of the key features of the different technologies and most importantly, the ease with which they can be copied or counterfeited. Interestingly enough, those with some of the most sophisticated security features are not necessarily the most expensive on a per unit basis.
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Industry Events |
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World Vaccine Congress
10-12 April 2012, Gaylord National Hotel and Convention Center, Washington, US
The 12th annual World Vaccine Congress Washington brings new scientific and business critical debate, discussion and solutions from the true global pioneers shaping vaccine R&D.
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News and Press Releases |
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Topa Thermal Packaging introduces innovative pallet shipper
Topa Thermal Packaging has developed an innovative packaging for manufacturers that transport large quantities of temperature-sensitive products by road and air transport, such as vaccines and medicines. The ‘ClimateBox™ half PAG Pallet Shipper’ delivers significant time and cost savings, thanks to an efficient filling system.
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