Hungarian Government Increases Fake Meds Vigilance

Hungarian National Anti-Counterfeit Board (HENT) announced that starting March 1, 2011, a new law on counterfeit drugs will increase fines on unlicensed producers and traders to HUF 100,000.

The purpose of the new law is to restrict unlawful profiteering and prevent fakes from entering the legitimate supply chain. The new law commissions officials to confiscate fake medicines immediately and fine those who possess illegitimate medications, reports the Budapest Business Journal.

The current amendment to counterfeiting law, is only the first step, Krisztina Székely, head of HENT’s medical products anti-counterfeiting action group said. She forecasts international regulation being considered by the EU will allow for more serious penalties against counterfeiters.