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Sale of counterfeit drugs and out of date pharmaceuticals in 2007 was NIS 100-130 million

The proliferation of counterfeit drugs on the global market and easy availability via online pharmacies is an increasing problem. The makers of counterfeit drugs have enjoyed and profited from loopholes in a system designed to deliver healthy medicines to those in need. The rising cost of prescription medications and the ubiquitous presence of online and overseas pharmacies means more people than ever are threatened by these counterfeiting operations.

The pharmaceutical manufacturers committee representing the pharmaceutical industry at the Manufacturers Association of Israel said last week that sales of stolen, counterfeit and out of date pharmaceuticals for human as well as veterinary use was between NIS 100 million and NIS 130 million in 2007.

14 April 2008

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