RFID - A prescription for pharma counterfeit
Counterfeit drugs are a huge problem
not only to our society but also to the Pharma industry
globally, Ravi Mathur gives offers a way outAccording
to US Food and Drug Administration (USFDA), approximately
88 percent of the drugs entering USA are unapproved.
India accounts for 14.3 percent, Thailand 13.8 percent
and Philippines eight percent of these drugs. World
Health Organization (WHO) estimates the sale of counterfeit
prescription drugs is potentially a $26 billion a year
illegal business. As a major exporter and manufacturer
of pharma drugs, this affects the brand equity of India
in global market.
October 14, 2005