Counterfeits Drugs find their way into Pharma Supply Chain
Faced with an ever increasing deluge of counterfeit and under priced drugs, pharmaceutical companies are turning to technologies such as RFID to better track consignments through a porous supply chain. An observation is the more frequently a drug changes hands, the greater the chance of counterfeit drugs entering the legitimate supply chain. Cio reports:
Such a porous supply chain poses hazards to patients—thousands of people worldwide die every year from ingesting fake drugs—and it costs the pharmaceutical industry an estimated US $46 billion a year in lost profits.
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