Products that track, interact, & prolong shelf life lead the way Recent concerns regarding food safety and the trafficking of
counterfeit pharmaceuticals will spur demand for packaging products such as time-temperature indicators (TTIs) and other intelligent components that can be used to trace products throughout the supply chain to monitor temperature abuse or physical tampering.
In addition, 50% of websites that hide their physical addresses sell
counterfeit pharmaceuticals, and 9% of online drug sellers reviewed by LegitScript.
UK authorities are actively engaged in cybercrime enforcement, particularly as it relates to trafficking in
counterfeit pharmaceuticals and the use of the internet as a tool for distribution of narcotics.
This year's report cited China for inadequate trade secret protections, proliferation of
counterfeit pharmaceuticals, and policies that unfairly disadvantage foreign patent holders.
A
counterfeit pharmaceuticals product is a product that is deliberately and fraudulently mislabeled with respect to identity and/or source, drugs are being sold under a product name without proper authorization which applies to both brand name and generic products.
Counterfeit pharmaceuticals pose very serious health risks, and stopping the production of these drugs benefits all Canadians.
In a nationwide raid in China,
counterfeit pharmaceuticals worth $180 million were confiscated in August 2012, prompting the government and citizens to call for reliable protection of health-relevant products.
According to statistics provided by the Anatolia news agency, the global
counterfeit pharmaceuticals market is an industry worth about $10 billion a year, accounting for approximately 14 percent of the total pharmaceuticals market.
In the second category are
counterfeit pharmaceuticals, food, wine, cigarettes, and spare parts.
The legislation proposes new powers to shut down websites engaged in intellectual property infringement such as unlawful downloading and
counterfeit pharmaceuticals.
Among specific topics are risks and costs of
counterfeit pharmaceuticals, on-dose and in-dose authentication, supply chain security processes, and new models and approaches.
The far-reaching agreement would encompass everything from
counterfeit pharmaceuticals to fake Prada bags to online piracy of music and movies.
