Pharmaceutical Executive
The spread of counterfeit products around the world has alarmed companies and international agencies and prompted them to accelerate efforts to address the problem
The spread of counterfeit products around the world has alarmed companies and international agencies and prompted them to accelerate efforts to address the problem. Some authorities estimate that counterfeits now account for more than 5 percent of all medicines. Africa and Latin America have even higher rates for certain product categories such as anti-malaria medicines.
The Global R&D Spend
In response, the World Health Organization is working with industry and regional authorities to develop anticounterfeit standards and guidelines. WHO also aims to help regulatory authorities expand inspection systems and quality control laboratories to improve detection of illegal products. WHO has launched several initiatives that will:
Pharma companies need to adopt more aggressive programs to fight counterfeiters, advises Ian Lancaster of Reconnaissance International in London. Companies can start by adding identifiers to product labeling and packaging. The next step is to put holograms and paper watermarks on products, and a third security measure is the use of identifiers visible only under ultraviolet light. Pharmaceutical counterfeiting is a worldwide problem that has been growing for the past decade, Lancaster notes. He is developing an anticounterfeiting manual that will be unveiled at a briefing on pharmaceutical anticounterfeiting solutions in Washington, DC on April 22.
Beyond the Prescription: Pharma's Role in Digital Health Conversations
April 1st 2025Join us for an insightful conversation with Jennifer Harakal, Head of Regulatory Affairs at Canopy Life Sciences, as we unpack the evolving intersection of social media and healthcare decisions. Discover how pharmaceutical companies can navigate regulatory challenges while meaningfully engaging with consumers in digital spaces. Jennifer shares expert strategies for responsible marketing, working with influencers, and creating educational content that bridges the gap between patients and healthcare providers. A must-listen for pharma marketers looking to build trust and compliance in today's social media landscape.
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April 1st 2025As social media continues to influence healthcare communication, it presents both challenges and opportunities for the pharmaceutical industry. In this interview, Jennifer Harakal of Canopy Life Sciences discusses balancing compliance with effective digital engagement to build trust and facilitate meaningful healthcare conversations.