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Traceable Solutions for Medical Packaging (sidebar)

Counterfeiting…A Growing Concern
FILED IN:  Applications  > Food  > Proteins  > Seafood

Unfortunately today’s Internet technology is opening opportunities for drug counterfeiters to make incredible amounts of money. Selling counterfeit expired or otherwise unsafe medicines has become a very profitable enterprise and a key driver for improved and traceable pharmaceutical packaging.

A few facts about this important issue:

• Counterfeit drugs make up more than 10% of the global medicines market (Source: FDA).

• In poor and underdeveloped nations up to 25% of the medicines consumed are counterfeit (Source: World Health Organization).

• Estimated annual earnings from the sale of counterfeit drugs is $32 Billion (Source: World Health Organization)

• “Because the capabilities of counterfeiters continue to evolve rapidly there is no single “magic bullet” technology that provides any long-term assurance of drug security. However a combination of rapidly improving “track and trace” technologies and product authentication technologies should provide a much greater level of security for drug products in the years ahead.” (Source: FDA).

• “The diverters pave the way for counterfeiters who use pill-punching machines and special inks to produce near-perfect copies of the most popular and expensive drugs.” (Source: The Washington Post October 19 2003).

See the story that goes with this sidebar: Traceable Solutions for Medical Packaging
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