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Counterfeit Drugs At least $32/€27 billion annually. $88/€73 million a day. Estimates: grow to $75/€62 billion annually in 5 years. Up to 60% of drugs in developing countries are counterfeit Up to 90% artenusate in Southeast Asia fake. Up to 20% of drugs sold in some developed countries counterfeit. Up to 15% of all drugs around the world are counterfeit.…
Read MoreOne of the challenges for law enforcement in the 21st century is internet pharmaceutical drug traffickers operating in the United States. These online, legitimate looking and sounding pharmacies are peddling dangerous narcotics and other drugs, and in some cases counterfeit drugs that are ineffective for patients. By Jim Kouri, CPP October 16, 2005 Read the full story at mensnewsdaily.com.
Read MoreThese days, pharmaceutical companies rank even below tobacco companies in the public's esteem, Kirk Huber of Novartis reports. "We have a battered reputation, and it's disturbing," he said. "Tobacco kills people, but our products help make people's quality of life better." Warren Boroson October 14, 2005 Read the full story at DailyRecord.com.
Read MoreThe Department of Health (DOH) warned the public on the proliferation of counterfeit drugs mostly vitamins sold in some drug stores in the city. Mai B. Gevera October 13, 2005 Read the full story at Pia.gov.
Read MoreA U.S. Superior Court judge has slapped an Internet spam gang that operated from two locations, one near Boston, the other in Russia, with $37 million in penalties for running dozens of illegal sites peddling counterfeit drugs, pirated software and pornography, the Boston Herald daily reported. October 12, 2005 Read the full story at MosNews.com.
Read MoreIrish people will die if nothing is done to stop the Europe-wide increase in the sale of counterfeit drugs, an expert on pharmaceutical fraud warned yesterday. New research shows one in five Irish people have discovered that on purchase their medicine leaflets are missing, seals are broken or the medicine is contained in foreign packaging, all signs that the chemist…
Read MoreEast Standard.com The Government too has been a soft target for fake drug dealers. Previously swindlers have been supplying bogus products, winning huge tenders as the effects are turned to ordinary Kenyans. October 11, 2005 Read the full story at Eaststandard.net. ]
Read MoreReuters. Swiss drug maker Roche urged consumers on Friday not to buy its flu drug Tamiflu over the Internet to avoid the risk of purchasing potentially counterfeit pills as they build stockpiles in case of a bird flu pandemic. Tom Armitage October 10, 2005 Read the full story at Reuters.com.
Read MoreLondon Free Press. A bogus heart drug allegedly dispensed at a Hamilton pharmacy may have played a role in the deaths of four of its customers, but authorities said yesterday they can't say for sure. A now completed coroner's investigation began in June after a patient using the pharmacy reported an oddly coloured pill in her supply of Norvasc, a…
Read MoreDirector – General of National Agency for Food, Drug Administration and Control (NAFDAC), Prof. Dora Akunyili has been named sole recipient of the 2005 Grassroot Human Rights Campaigner award by a London-based Human Rights Defense Organization. She thus becomes the first African to win the award. By Adeze Ojukwu October 5, 2005 Read the full story at allafrica.com.
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