Tech Companies Team Up to Offer RFID Anti-Counterfeiting Technology

Two technology companies have teamed up to produce an anti-counterfeiting technology that could help with the identification of fake drugs. One company produces a relatively inexpensive radio tag and the other makes an affordable reader, according to VentureBeat.com. The technology employed in these devices is radio frequency identification (RFID). The tag transmits a radio wave…

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Drug Theft Murder Suspect Fled – $11,000 Reward Offered

An $11,000 reward has been offered to help find the second suspect in a robbery and shooting that took place at a California pharmacy. Recently two men entered a Rexall pharmacy in North Highlands, California, and demanded the painkiller OxyContin at gunpoint, according to the Sacramento Bee. During the ensuing shootout between a pharmacy employee…

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PSM Interchange 2010 (Washington DC)

PSM’s Inaugural 2010 Interchange On Oct. 8th in Washington DC, Join global experts to discuss key issues around the problem of counterfeit drugs and the ways to promote access to safe medicines.

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Theft of Pharmaceuticals on the Rise

Law enforcement officers and pharmaceutical industry officials say that the theft of pharmaceuticals is on the rise across the United States, reports the Fresno Bee. The news source reports that while there are no official numbers of nationwide pharmaceutical thefts because of variety of reasons, federal drug authorities, pharmaceutical companies, pharmacies, state officials and local…

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Theft of Pharmaceuticals A Major Problem in Africa

The theft of pharmaceuticals is leading to the creation of a black market for anti-malaria drugs in Africa, according to Willis Akhwale of the Kenyan Ministry of Health. Akhwale originally told the Wall Street Journal about the problem in 2005, but he says the problem remains five years later. Often times, government stores of badly-needed…

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NAFDAC Director Heads Regional Fake Drug Task Force

A director with Nigeria's National Agency for Food and Drug Administration and Control (NAFDAC) was made the head of a regional task force to fight fake drugs. Hashim Yusufu was appointed to the position by the 63rd meeting of the World Health Assembly, according to AllAfrica.com. Yusufu said that Nigeria was leading Africa's fight against…

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Fake Drug Market Tripled Since 2004 – PSM board member quoted

USA Today has reported on the growing problem of fake drugs in the world markets. Counterfeit drugs made in Asia and other emerging markets are a growing problem that’s endangering consumers’ health. Since 2004, the number of fake drug incidents has tripled to 1,700, says the Pharmaceutical Security Institute (PSI), which estimates the size of…

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