INTERPOL and Pharma launch global initiative to combat fake medicines

12 March 2013

Combating the global scourge of fake medicines, which threatens the health of millions of people, is the focus of a landmark agreement between INTERPOL and 29 of the world’s largest pharmaceutical companies. The companies supporting the effort include drug and biotech giants Amgen, AstraZeneca, Bayer, Eisai, GlaxoSmithKline, Johnson & Johnson, Eli Lilly, Merck & Co, Novartis, Pfizer, Roche and Sanofi.

The three-year deal, worth 4.5 million euros ($5.8 million), will see the creation of INTERPOL’s Pharmaceutical Crime Program to further build on the work of its Medical Product Counterfeiting and Pharmaceutical Crime (MPCPC) unit. This will enhance the law enforcement community’s response to pharmaceutical crime through stronger partnership development.

The program will focus on the prevention of all types of pharmaceutical crime including branded and generic drug counterfeiting as well as the identification and dismantling of organized crime networks linked to this illegal activity, which generates millions in illicit profits every year. The World Health Organization estimates sales of medicines that are counterfeit, contaminated or otherwise illegal total $430 billion a year.

This article is accessible to registered users, to continue reading please register for free.  A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.

Login to your account

Become a subscriber

 

£820

Or £77 per month

Subscribe Now
  • Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
  • Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
  • Daily roundup of key events in pharma and biotech.
  • Monthly in-depth briefings on Boardroom appointments and M&A news.
  • Choose from a cost-effective annual package or a flexible monthly subscription
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed

Chairman, Sanofi Aventis UK





Today's issue

Company Spotlight





More Features in Pharmaceutical