Jordan’s drug industry is one of the most advanced in the region, importing and manufacturing generic pharmaceutical products to serve hospitals and pharmacies across the kingdom. But counterfeit drugs are becoming a growing concern, with an estimated 25% of medicines on the market being fake.
Latest technology has become both blessing and a curse in times like such. Where countless industries like Pharma, Electronics, Automobiles and many more are waging a war against Counterfeiters, the Counterfeiters has leveraged the power of technology for their own malicious use.
Egypt market is no new to the fraud products and falsification of goods. In Fact for a long time now, Egyptians are combating with the malicious practices of counterfeiting but the win nowhere in sight. No industry is safe under the attack of Counterfeiters, especially industry Pharmaceuticals, Automobile, FMCG and Electronics.
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.
