About the Talk
March 11, 2016 12:00 PM
New Jersey, United StatesNew Jersey, United States
The sale of counterfeited drugs poses a serious threat to global health scale and pharmaceutical economy. However, it is an issue mostly ignored and neglected since many people- even the authorities - perceive it to be a commercial concern and a brand competition, something which only pharmaceutical companies should solve on their own. Others reveled at the fact that it only encompasses 1% of the overall rating of pharmaceutical products in developed countries.
A research review conducted by the Peterson Group, a nonprofit organization campaigning against the proliferation of drug counterfeiting has shown 2,193 incidents of pharmaceutical crime in 2014 alone. In 2015, a 9% increase was determined especially in many developing cities such as Seoul, South Korea, Jakarta, Indonesia and Bangkok, Thailand. This rise can be attributed largely to the growing influence of online pharmacies that enables drug counterfeits to permeate households even without risking their fraudulence by exposing their products on black markets. In recent reports however, counterfeit drugs have also penetrated legal supplies with the use of advanced technology almost at par with the latest anti-counterfeiting tools. There are currently 123 countries known to report counterfeiting accounts.
The extent of fraud drugs domination on each country may differ but the trends are all the same: they penetrate when the government has turned their backs, when there are no doubts and when security is lose. The internet is even gathering a greater market especially since more than 70% of the world’s population is already online. Prescriptions from doctors claiming legitimacy on the web are rampant and many people have been depending too much on the internet to rely their own health diagnosis on some virtual doctor who would be prescribing them with drug dosage without actually determining the symptoms.
Vague and undetermined statistics also hinder authorities to fully gage the weight of the problem. As a result, the attention is drawn to a more certain concern. Some governments are even ignorant on the existence of the problem within their boundaries. In other times, the governments are more concerned to pinning down illegal drug dealers for heroin; opium, marijuana, and etcetera that they let pass drugs on tablets and capsules, not knowing that the compounds of which (soap detergents, floor wax, chalk) are just as toxic. Other pharmaceutical companies are also denying that their products are counterfeited, making the chase more challenging. Some regulatory agencies may also be confused on the existence of the problem.