Fake drugs: Poison pills

Posted by admin on Sep 3rd, 2010 and filed under The Economist. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Counterfeit drugs used to be a problem for poor countries. Now they threaten the rich world, too

DRUG smugglers can expect harsh penalties nearly everywhere—if the drugs in question are heroin or cocaine. Those who smuggle counterfeit medicines, by contrast, have often faced lax enforcement and light punishment. Some governments deem drug-counterfeiting a trivial offence, little more than a common irritant. After all, whose spam filter does not groan with ads for suspiciously cheap “Viagra”?

This could be changing, however. The pharmaceutical industry has persuaded several governments to stiffen regulations against fake drugs and to conduct more aggressive raids (see chart). Companies are also devising novel technologies to outfox the criminals. Even the Catholic church is joining the cause, issuing a stern statement in August that it is in “the best interest of all concerned that smuggling of counterfeit drugs be fought against”. …

View full post on The Economist: Business

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