Counterfeit medications

Global Pharmaceutical Traceability Research Report 2023: Market Size, Share, Trends, Opportunities, and Forecast, 2018-2023 and 2023-2028 - ResearchAndMarkets.com

Retrieved on: 
Friday, December 15, 2023

The "Pharmaceutical Traceability Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Pharmaceutical Traceability Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028" report has been added to ResearchAndMarkets.com's offering.
  • The Global Pharmaceutical Traceability Market refers to the industry dedicated to ensuring the transparency, authenticity, and security of pharmaceutical products throughout the supply chain.
  • It's clear that the pharmaceutical industry is undergoing significant changes and challenges, which are driving the adoption of traceability solutions.
  • North America is expected to dominate the pharmaceutical traceability market due to its strong pharmaceutical industry, stringent regulations, technological infrastructure, and focus on patient safety.

Global Pharmaceutical Traceability Market Research Report 2023: Blockchain Integration, IoT Sensors, Regulatory Evolution, and Mobile Applications Gaining Momentum - Forecast to 2028

Retrieved on: 
Wednesday, December 13, 2023

The Global Pharmaceutical Traceability Market refers to the industry dedicated to ensuring the transparency, authenticity, and security of pharmaceutical products throughout the supply chain.

Key Points: 
  • The Global Pharmaceutical Traceability Market refers to the industry dedicated to ensuring the transparency, authenticity, and security of pharmaceutical products throughout the supply chain.
  • It's clear that the pharmaceutical industry is undergoing significant changes and challenges, which are driving the adoption of traceability solutions.
  • North America is expected to dominate the pharmaceutical traceability market due to its strong pharmaceutical industry, stringent regulations, technological infrastructure, and focus on patient safety.
  • The pharmaceutical industry faces increasingly stringent regulatory requirements from agencies like the FDA and EMA, particularly related to traceability.

Pharmaceutical Traceability Market size to grow by USD 9.37 billion from 2021 to 2026, Driven by the growing concerns over counterfeit drugs - Technavio

Retrieved on: 
Wednesday, April 5, 2023

NEW YORK, April 5, 2023 /PRNewswire/ -- The global pharmaceutical traceability market size is estimated to increase by USD 9.37 billion from 2021 to 2026.

Key Points: 
  • NEW YORK, April 5, 2023 /PRNewswire/ -- The global pharmaceutical traceability market size is estimated to increase by USD 9.37 billion from 2021 to 2026.
  • One of the key factors fueling the growth in the pharmaceutical traceability market is the growing concerns over counterfeit drugs.
  • Hence, growth in the availability of counterfeit drugs has increased the demand for anti-counterfeiting technologies that utilize various traceability systems.
  • By geography, the global pharmaceutical traceability market is segmented into North America, Europe, Asia, and Rest of World (ROW).

Public Advisory - Counterfeit Nuceiva injectable drug seized from New You Spa in Vaughan, Ontario

Retrieved on: 
Tuesday, September 6, 2022

Health Canada inspectors seized counterfeit Nuceiva (Prabotulinumtoxin A) from a New You Spa location in Vaughan, Ontario (Unit 5, 60 Winges Road).

Key Points: 
  • Health Canada inspectors seized counterfeit Nuceiva (Prabotulinumtoxin A) from a New You Spa location in Vaughan, Ontario (Unit 5, 60 Winges Road).
  • Health Canada has confirmed with Evolus Inc., the manufacturer of Nuceiva, that the seized products are counterfeit.
  • Authentic Nuceiva has a grey cap, rather than the green or white cap found on the counterfeit product.
  • Unlike authorized and authentic drug products, counterfeit drugs have not been assessed by Health Canada for safety, effectiveness and quality.

Public Advisory - Counterfeit Viagra and Cialis erectile dysfunction drugs seized from Grace Daily Mart in Scarborough, Ontario

Retrieved on: 
Thursday, August 25, 2022

Health Canada inspectors seized counterfeit Viagra and Cialis erectile dysfunction drugs from the Grace Daily Mart in Scarborough, Ontario (1579 Ellesmere Road).

Key Points: 
  • Health Canada inspectors seized counterfeit Viagra and Cialis erectile dysfunction drugs from the Grace Daily Mart in Scarborough, Ontario (1579 Ellesmere Road).
  • The seized Viagra is labelled with an expiry date 2025-03 and the seized Cialis is labelled with lot 05668 and expiry 2024-04.
  • Health Canada has confirmed with Pfizer, the manufacturer of Viagra, as well as Eli Lilly, the manufacturer of Cialis, that the seized products are counterfeit.
  • Unlike authorized and authentic drug products, counterfeit drugs have not been assessed by Health Canada for safety, effectiveness and quality.

HashCash Proposes a Blockchain-based Pharma System to Combat Drug Fraud

Retrieved on: 
Wednesday, December 29, 2021

PALO ALTO, Calif., Dec. 29, 2021 /PRNewswire-PRWeb/ --The international blockchain development company, HashCash Consultants conceptualizes a blockchain-powered pharmacology system to fight drug fraud.

Key Points: 
  • PALO ALTO, Calif., Dec. 29, 2021 /PRNewswire-PRWeb/ --The international blockchain development company, HashCash Consultants conceptualizes a blockchain-powered pharmacology system to fight drug fraud.
  • Counterfeit drugs or drug fraud is one of the most trying challenges in pharmacology.
  • In the HashCash designed pharma system, drugs can be represented as cryptographic tokens fed into the tracking systems.
  • "The experimental model aptly solves the worldwide problem of drug fraudulence," remarked blockchain pioneer and HashCash Chief, Raj Chowdhury .

Track and Trace Solutions Market worth $7.3 billion by 2026 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Thursday, May 20, 2021

The software segment accounted for the largest share60.1%of the track and trace solutions market in 2020.

Key Points: 
  • The software segment accounted for the largest share60.1%of the track and trace solutions market in 2020.
  • Market growth is largely driven by the increasing awareness about secure packaging, the rising number of counterfeit drugs and related products, and growing awareness of brand protection.
  • The serialization solutions segment accounted for the largest share62.3%of the applications market.
  • This segment is projected to grow at a CAGR of 12.0% during the forecast period to reach USD 2,560.9 million by 2026.

Track and Trace Solutions Market worth $7.3 billion by 2026 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Thursday, May 20, 2021

The software segment accounted for the largest share60.1%of the track and trace solutions market in 2020.

Key Points: 
  • The software segment accounted for the largest share60.1%of the track and trace solutions market in 2020.
  • Market growth is largely driven by the increasing awareness about secure packaging, the rising number of counterfeit drugs and related products, and growing awareness of brand protection.
  • The serialization solutions segment accounted for the largest share62.3%of the applications market.
  • This segment is projected to grow at a CAGR of 12.0% during the forecast period to reach USD 2,560.9 million by 2026.

NABP’s Drug Distributor Accreditation Reaches Milestone of 700 Actively Accredited Facilities

Retrieved on: 
Tuesday, March 9, 2021

MOUNT PROSPECT, IL, March 09, 2021 (GLOBE NEWSWIRE) -- The National Association of Boards of Pharmacy (NABP) is pleased to announce that the Associations Drug Distributor Accreditation has reached a significant milestone of having 700 actively accredited facilities.

Key Points: 
  • MOUNT PROSPECT, IL, March 09, 2021 (GLOBE NEWSWIRE) -- The National Association of Boards of Pharmacy (NABP) is pleased to announce that the Associations Drug Distributor Accreditation has reached a significant milestone of having 700 actively accredited facilities.
  • NABPs Drug Distributor Accreditation (formerly known as Verified-Accredited Wholesale Distributors (VAWD)) is a resource for industry and regulatory bodies that establishes uniform safeguards meant to protect the public health.
  • Drug Distributor Accreditation plays a pivotal role in preventing counterfeit drugs from entering the United States drug supply and protects the public from drugs that have been contaminated, diverted, or counterfeited.
  • This milestone marks the Associations largest number of actively accredited Drug Distributor facilities since the programs inception in 2005.

Global Anti-counterfeit Pharmaceuticals and Cosmetics Packaging Market Report 2020-2030: Focus on Authentication Technology, Track & Trace Technology, Serialization, RFID Readers, and Barcodes

Retrieved on: 
Wednesday, December 16, 2020

There are several technologies used to prevent counterfeiting activities including authentication technology, track & trace technology, serialization, RFID readers, and barcodes scanners among others.

Key Points: 
  • There are several technologies used to prevent counterfeiting activities including authentication technology, track & trace technology, serialization, RFID readers, and barcodes scanners among others.
  • Furthermore, progression in the track and trace technology and rise in multi-layered authentication technologies are expected to create opportunities in the global anti-counterfeit pharmaceuticals and cosmetics packaging market in the future
    Market Segmentations and Scope of the Study:
    The global anti-counterfeit pharmaceuticals and cosmetics packaging market is segmented based on technology, application, and geography.
  • Based on geography, the global anti-counterfeit pharmaceuticals and cosmetics packaging market is classified as North America, Asia-Pacific, Europe, and Rest of the World (RoW).
  • Players in the global anti-counterfeit pharmaceuticals and cosmetics packaging market are Alien Technology, Zebra Technologies, Alpvision, Inksure Technologies, Flint Group, Avery Dennison, Impinj Incorporation, Sicapa, Authentix Inc., and Honeywell.