At Its Core, the Pharmaceutical Industry Is Dedicated To Improving the Quality of People’s Lives. Today’s Life-Saving Drugs Are Small, High value Items Which Are Often Easily Stolen or Diverted.
Nearly Impossible To Authenticate, Pharmaceutical Drugs Have Become An Attractive Target For Counterfeiters, And Incidents Of Counterfeit Drugs Are On The Rise.
Counterfeit Drugs Are Only One Visible Symptom Of A Deeper Issue. The Distribution Network Used To Bring Drugs To Us Is Intensely Complex – Products Change Hands As Many As 10 Times On The Way To The Consumer.
Without Data Sharing Across The Supply Chain, It Becomes Difficult To Authenticate Product Or To Effectively Manage Business Processes Related To The Supply Chain.
This Lack Of Product Visibility Helps Make Counterfeiting Possible.
It Also Leads To Cumbersome And, At Present, Costly, Labor-Intensive Business Processes That Raise The Price Of Pharmaceutical Products For The Consumer.
"The World Health Organization Estimates That Counterfeit Drugs Account For Approximately 1% Of The Supply In Developed Countries And As Much As 10-30 % In Developing Regions.
Yet, Even One Percent Represents Millions of Prescriptions Every Year in the United States Alone"