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New Delhi: Sale of fake and spurious drugs in the NCR region to the extent of Rs300 crore annually continues to be unabated, having increased by over 25% in 2006-07, according to a survey carried out by Assocham amongst drug manufacturers. For traders manufacturing fake drugs, the profits margins are very high with no apparent risk. These fake drugs are…
Read MoreBACKGROUND: Increasing access to antiretroviral therapy (ART) is a critical goal endorsed by the United Nations and all of its member states. At the same time, anecdotal accounts suggest that the promotion of unproven AIDS 'cures' and remedies are widespread, and in the case of The Gambia, Iran and South Africa, have been promoted by governments directly. Although a range…
Read MoreSeven men are prosecuted in Sweden for running an illegal online pharmacy. These men are accused for running several web shops selling prescription drugs without a prescription. They started operations in 200s3 and generated several million Euros in revenues until they were shut down in 2007. By this time they had sold drugs to 65 different countries. 7 February 2008…
Read MoreDirector-General of the National Agency for Food and Drug Administration and Control (NAFDAC), Prof. Dora Akunyili has stated that global sales of counterfeit drugs estimated at $32billion has dealt a crippling blow of $46billion annual loss to the pharmaceutical industry world wide. Akunyili stated this yesterday while addressing hundreds of African Regulatory Heads and officials who converged at Indaba Conference…
Read MoreAbout 80 people were arrested and fake drugs worth more than N300,000 were confiscated by the National Agency for Food and Drug Administration Control (NAFDAC) in Borno State last year. This revelation was made by the state coordinator of the agency, Pharmacist Sabo Adamu while briefing newsmen in his office in Maiduguri. He said the agency is doing everything possible…
Read MoreOne man has died and nine others have been admitted to hospital – one in critical condition – after they were believed to have taken impotence drugs which were fake or contained unregistered medicines. The Department of Health said 10 men have been admitted since December 11. A 53-year-old man died on January 31 in Queen Elizabeth Hospital. By Nickkita…
Read MoreDubai: Counterfeiting remains a growing problem in various economies today because government officials are not motivated enough to wage an all-out war against it. This point was made on Sunday by David Benjamin, co-chair of the Business Action to Stop Counterfeiting and Piracy at the Fourth Global Congress on Combating Counterfeiting and Piracy in Dubai. By Cleofe Maceda 4 February…
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