Article | April 15, 2011

Government And Industry Come Together To Stop $75B Drug Counterfeit Ring

Source: Life Science Leader

By Cindy Dubin

Anticounterfeiting specialists believe that medicine counterfeiting is expected to increase this year, according to a survey by Pharma IQ. The current global market for counterfeit drug sales accounts for $75B, according to the National Association of Boards of Pharmacy. An estimated 1% to 2% of drugs in North America are counterfeit, according to the group's website, and those percentages can rise to nearly 50% in Asia and Africa.

Used with permission from Life Science Leader magazine.

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