Status of counterfeiting Medicines in Developed Nations
by Peter Anderson SEOWhen talking about drug counterfeiting, developing and less developed
countries are the first in line to being victimized. Third world countries are
targeted since they mostly lack awareness, have unstable regulations and
policies and are led by corrupt officials. Even those cities known for strict
implementation of rules such as Jakarta, Indonesia and Kuala Lumpur, Malaysia
which impose immediate execution for illegal drug smugglers have a high number
of rampant black markets across their streets under the pretense of being a
part of the legitimate businesses.
But just as what The Peterson Group, one of the leading
sources of information regarding counterfeit medicines reiterates, developed
countries are not exempted from this critical phenomenon. Certainly, meticulously
established guidelines regulating the production and distribution of
pharmaceuticals, rigorous border controls, organized and coordinated consumers’
organizations and empowered national and private surveillance services are
deterring factor for counterfeiters. Fraudsters who are planning
to expand their illegal practice in these countries are sure to face severe regulatory
boards and tantamount of impeding complaints and cases headed by trained and
expert professionals. Pharmacies are also well-trained with high quality standards
and preemptive measures against countW60LWhqE!erfeit medicines. Japan, the
United States, Singapore, and United Kingdom are some of the leading countries
which counterfeiters are reluctant to penetrate.
According to the current statistics, though, the problem of counterfeit
medicines still remains an underreported issue when compared to the real
magnitude of the problem, hence, there is a great possibility that the safety
citizens living in developed nations are currently feeling may not have a
strong footing. Most of the countries will only divulge information at national
or regional level and according to the WHO, only 5 per cent of its members
regularly communicate such information to the Organization to prevent stain
from appearing in their record.
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Created on Dec 31st 1969 18:00. Viewed 0 times.