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| home > pmps > autumn 2002 > parallel sales and counterfeit products - answers for the pharmaceutical industry |
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Pharmaceutical Manufacturing and Packing Sourcer
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Trouble on the Horizon
With the continued increase in counterfeit and diverted products, many industries are faced with a serious threat to sales profitability and trademark value. The cost of counterfeit goods accounts for nearly US$280 billion annually, while this figure could increase several times over to account for diverted products, gray markets and illegal transit goods.
An Industry Challenge
Product counterfeiting is a massive growth industry, supplying fake goods and redirecting products. New printing and packaging methods have made it cheaper and quicker to replicate the look and feel of products, while the Internet has provided the perfect tool to reach untapped markets and dump products cost-effectively. These problems impact many industries, but it is pharmaceuticals that face the most serious consequences, over and above lost profitability:
Consumer health and safety
Company reputation and trust
Potential liability and negligence claims
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Industry Events |
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Small Scale Biomanufacturing – clinical trials, cell & gene therapies
18 September 2008, Clifton Pavilion, Bristol Zoo Gardens, Bristol
This one day conference, sponsored by bioProcessUK and organised by BioApproaches South West, will cover key, important topics relating to small scale GMP biomanufacturing.
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