Source code: PharmaSecure goes mobile in battle against fake drugs
Tuesday, May 14, 2013
Counterfeit drugs affected people in 124 countries in 2011. Among them was India, where 20% of the drugs on the market are fake, according to the World Health Organisation.
It’s a global war, hitting the developing world hard, says the Pharmaceutical Security Institute, a not-for-profit network of the security divisions of 25 big pharma companies. Counterfeit drugs, which are also referred to as substitute or falsified drugs, are a $75bn-200bn market according to estimates by Deloitte.
Roger Bate, an economist at the American Enterprise Institute in Washington DC, calculates that at least 100,000 people, mainly in poor countries, die annually from fake drugs. Asia has the most confiscations, but data – the bulk of which is withheld by pharma companies and governments – is lacking and statistics are estimated.