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Thank you, Mr. Figg, for that introduction. I thank the ABA Section on Intellectual Property Law for arranging my presentation, and I appreciate the opportunity to speak to you today. Two hundred and fifty billion dollars in annual losses, and seven hundred and fifty thousand lost jobs. These are among the many costs of intellectual property theft to American businesses and families.…
Read MoreThe U.S. Food and Drug Administration recently announced it was moving ahead with rules that will allow tracking of individual drugs from factory to pharmacy. That may surprise consumers who assumed such a system was already in place. A 1988 federal law required drug tracking, but the FDA didn't draft rules until 1999; then they were placed on hold. The…
Read MoreThousands of consumers are playing 'Russian roulette' with their lives by buying prescription drugs online which may be laced with poisonous chemicals, experts have warned. The Trading Standards Institute has reported a boom in such sales as people increasingly turn to the Internet to self-diagnose and medicate their ailments. 21 June 2006 Read the full story at dailymail.co.uk.
Read MoreISLAMABAD: The Health Ministry on Tuesday constituted a ten-member committee to identify fake drugs and unlicensed medical stores operating in the city. The meeting was chaired by Nasir Khan, the health minister, and was attended by the members of Chemists and Druggists Association, led by Hanif Abbasi, a member of the National Assembly (MNA), and Dr Iqbal Soomro. By Shahzad…
Read MoreIloilo City (21 June) — Counterfeit Medicines can be life threatening, the Department of Health, Region VI warned. According to the DOH about ten percent of medicines bought in pharmacies are fake. Counterfeit or fake medicines are not registered with the Bureau of Food and Drugs. It is manufactured and distributed by persons who only seek for money. by T.…
Read MoreARLINGTON, VA -June 20, 2006 – In an effort to combat the theft and illegal trafficking of prescription medications and further enhance supply chain security, the Healthcare Distribution Management Association (HDMA) today joins a partnership of law enforcement and professional pharmacy organizations using RxPATROL(r), an information clearinghouse designed to collect, analyze and share information on pharmacy robberies, burglaries and theft…
Read MoreThe National Agency for Food and Drug Administration and Control (NAFDAC) has charged pharmaceutical companies operating within or outside Nigeria to discontinue supply of pharmaceutical drugs to Onitsha market in Anambra State. According to statement signed in Abuja by Mr. Abubakar Jimoh, head of media and public relations, the directive follows fresh indications from samples of laboratory tests that large…
Read MoreARLINGTON, Va. –(Business Wire)– June 19, 2006 — Cyveillance, the leading provider of online risk monitoring and management solutions, today announced the availability of "Combating Illegal Online Distribution of Pharmaceuticals: Best Practices for the Pharmaceutical Industry," a new research paper available at: www.cyveillance.com/pharma. The Wall Street Journal reports that illegal sales cost the pharmaceutical industry about $46 billion a year,…
Read MoreThe US and Europe will on Tuesday pledge to take joint action to stem the world's swelling tide of fake goods… By Andrew Bounds18 June 2006 Read the full story at ft.com.
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