The fact is, you won’t be able to spot counterfeit medicine with your naked eyes. But that doesn’t mean you can’t spot the difference between the real and fake in different ways! The one most effective yet efficient way, invented by the team of experts at Lasersec Technologies, is Phygital. But first, let’s discover the impact of counterfeit drugs on pharma…
There’s no hiding away from the fact, that the rise of Counterfeit medicines in pharmaceuticals has globally impacted the industry. The adverse effects of fake medicines haven’t only left a scare on legitimate global drug suppliers but also the consumers.
In recent times, medicines packages and wrappers come up with shining stickers. Everyone notices this feature while buying medicines from a chemist shop.
Manufacturers have not used these labels to provide a great look to their manufactured products. Rather all these unique stickers are there for protecting the quality of the product.
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Are you sure about the authenticity of medicines you buy online or from a local shop? Do you know how to ensure that the medicines you are buying are real?
The implications of fake drugs or medicines could be lethal as there is a nexus operating in the market which manufactures fake drugs and packs them exactly similar to the original ones. Well, here is something for you: (more…)
Counterfeit medicines are the fake/fraud medicines which might contain adulterated or wrong ingredients or in low concentration or might not even contain any active ingredient. The World Health Organization (WHO) defines “Substandard / Spurious / Falsely labeled/ Falsified / Counterfeit (SSFFC) medical products” as medical products that are outside of specifications, which includes intentional, reckless or negligent errors, false packaging, and those intended to deliberately deceive and imitate a genuine product (WHO, n.d.).
Counterfeits are one of the major underground markets which is growing at a fast pace. This affects people in nearly all aspects of life. Medical devices industry is also the one which has not remained untouched by its repercussions.
Counterfeit Drugs, Genuine Solutions!
Fake medications still remain the topmost concern in the global pharmaceutical industry. Currently, in the intricate global economy, augmentation of online transactions and complex pharmaceutical supply chains has made it even more difficult to detect such counterfeit drugs.
The pharmaceutical industry is battling simultaneously against counterfeit drugs thriving online, and also in hospitals and pharmacies. These counterfeit drugs not only affect the reputation of the drug manufacturers and cause sales loss, but they are very much dangerous to our health too. (more…)
Looks can be illusory! If created, they’re being counterfeited.
If you discover an incredible online deal for a branded bag or a branded watch, the maximum chance is, it’s not real – that’s the cautionary issued by the Better Business Bureau officials. Legal authorities declare that the world of web is teeming with luxury counterfeits.
From bags, jewelry and watches to electric cables, cosmetics, healthcare supplies and even pharmaceuticals – fraudsters leave no goods categories intact. If you think that there’s nothing bad with shopping to get an attractive deal, you are unknowingly supporting impostors, which can have severe consequences to your money and can provide funding to other immoral activities.
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Let’s talk about what labeling and packaging measures should the producers need to actualize and how viable they can do as such with cutting-edge bundling advances to guarantee the patient security. (more…)
