Counterfeit Medicine Webinar
Instructor: Angela Bazigos
Duration: 90 Minutes
Time: 11:30 AM PST | 02:30 PM EST
Counterfeit medicine is a fake medicine. It may be contaminated or contain the wrong or no active ingredient. They could have the right active ingredient but at the wrong dose. Counterfeit drugs are illegal and are frequently harmful to consumer health up to and including death of a patient. Counterfeit drugs are a $75 Billion / year business with phenomenal profits. Counterfeit medicine may be either a fake drug or a fake ingredient that finds its way into the manufacture of a legitimate medicine.
Why Should you Attend:
Counterfeiting has significant economic consequences. In reality, it "hijacks" the brand and infringes the patent and trademark rights of legitimate pharmaceutical manufacturers. Additionally, counterfeiters take full advantage of the fact that someone else paid the upfront money for research and development expenses; all counterfeiters have to do is to copy the appearance of the product.
Even if a drug is manufactured in the United States or by an international reputable firm, many of the raw ingredients of a drug are often imported from countries that have loose regulatory oversight. This was the case with Heparin a few years ago, where a counterfeit ingredient in the drug caused the death of 80 people. The company that produces and manufactures Heparin is still dealing with the fallout from the counterfeit ingredient, including litigation against them for manufacturing a substance that used a counterfeit ingredient.
Counterfeit medicines / ingredients cost pharmaceutical companies hundreds of millions of dollars every year. In this webinar, the attendees will learn how to prevent counterfeiting of their drugs and how to prevent using counterfeit ingredients in a legitimate medicinal product.
Objectives of the Presentation:
The objectives of the presentation are to discuss more about:
- What is a counterfeit medicine / ingredient
- How pervasive is the problem
- What risks are associated with counterfeit medicines / ingredients
- What are the economic consequences of counterfeiting
- How do counterfeit medicines / ingredients enter the United States and our supply chain
- Who profits from counterfeit medicine /ingredients
- How to purchase medicines / ingredients to avoid counterfeits
- How can you tell if you receive a counterfeit
- What can you do to address the problem