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    Counterfeit medicines costing pharmaceutical industry billions each year: Report

    Medical Dialogues BureauWritten by Medical Dialogues Bureau Published On 2019-06-16T09:00:19+05:30  |  Updated On 16 Jun 2019 9:00 AM IST
    Counterfeit medicines costing pharmaceutical industry billions each year: Report

    Counterfeit medicines cost the EU pharmaceutical sector more than 10 billion euros ($11.3 bn) each year, the report estimates.


    Paris: Counterfeit medicine is a "growing threat" in Europe, causing serious illness or even death and costing the pharmaceutical industry billions every year, according to a study published Wednesday.


    Criminal networks are producing an "increasingly diverse range of medicines", including drugs to treat serious illnesses such as cancer, the European Union's police agency Europol and its Intellectual Property Office (EUIPO) said in a report.


    Although luxury items such as clothes and jewellery are among the most commonly detected counterfeit goods, professional gangs in Europe are producing an increasing range of goods, including food, pesticides and car parts.


    "Organised crime groups who produce and sell these goods have no respect for the quality of products which very often pose health and safety risks," said Europol head Catherine De Bolle.


    Pharmaceuticals made in unhygienic clandestine laboratories by unqualified workers can contain the wrong active ingredient, no active ingredient at all, or high levels of toxic substances, the report found.


    Gangs also import illegal medicines from countries outside the EU, such as China, where most counterfeit items originate, before repackaging them for sale in Europe.


    Counterfeiters then deliver the drugs to customers who order them through "unauthorised and unregulated" online pharmacies or social media pages, which "capitalise on the increasing self-medication trend and consumer demand for cheap medicines".


    The boom in online marketplaces allows criminals to send drugs to customers via parcel, running "generally low risk of law enforcement detection", while new rail connections between the EU and China provide a faster, cheaper mode of transport than by sea or plane.


    Counterfeit medicines cost the EU pharmaceutical sector more than 10 billion euros ($11.3 bn) each year, the report estimates.


    In October, authorities arrested more than 800 people worldwide in an operation dubbed "Pangea XI".


    They seized a haul of "potentially dangerous" goods worth 12.4 million euros ($14 million) that included out-of-date heart surgery instruments smuggled into North Macedonia and fake contraceptive pills hidden inside DVD packages in Poland.


    Also Read: Ayurvedic Medicines for Blood Sugar, Diet containing Metformin Hydrochloride: Ayurveda Firm Booked

    ArrestedcancerCatherine De BolleCounterfeit medicineCounterfeit medicinesEUEU pharmaceuticalEUIPOEuropeEuropean UnionEuropol and its Intellectual Property Officefake contraceptive pillsfake drugsgrowing threatmedicinemedicinesNorth MacedoniaPangea XI
    Source : AFP

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    Medical Dialogues Bureau
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      Medical Dialogues Bureau consists of a team of passionate medical/scientific writers, led by doctors and healthcare researchers.  Our team efforts to bring you updated and timely news about the important happenings of the medical and healthcare sector. Our editorial team can be reached at editorial@medicaldialogues.in. Check out more about our bureau/team here

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