Financial Express : India is 2nd largest exporter of fake medicines to EU ... - The Diigo Meta page

• 20 May 08
  

  gibreel ferishta

  The following statistics may not give India much reason to cheer. The country is still the second largest counterfeit medicines exporter to the European Union in 2007, although it has forfeited the first position it held in 2006 to Switzerland.
  
  As per data released by the European Commission on Monday, India stands second after Switzerland in the list of top exporters of fake medicines to the EU in 2007 with 35% of the total fake drugs seized. In 2006, India was the leading source of fake drugs exported to the EU.
  
  Next to Switzerland and India, the United Arab Emirates comes third with 15% of the total amount seized, according to the survey titled, '2007 customs seizure of counterfeit goods at EU's external border'. In 2006, India, together with the UAE and China, was responsible for more than 80% of all counterfeit medicines.

  pharma business drugs EU counterfeit fake raid

  • The following statistics may not give India much reason to cheer. The country is still the second largest counterfeit medicines exporter to the European Union in 2007, although it has forfeited the first position it held in 2006 to Switzerland.
  • Also, in 2005, based on the European Commission's Taxation and Custom Union (TAXUD) statistics, 75% of fake medicines cases originated from India, 7% from Egypt, and 6% from China. According to an earlier EU report, counterfeiters accept crude methods for manufacturing drugs such as filling the capsules with a mixture of brick dust with yellow paint used to mark roads to give it a colour similar to that of genuine medicine and furniture polish to give a nice, shiny finish.
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  • • nraged by the increasing fake drug supply, the European Commission had launched a public consultation on the dangers of counterfeit drugs and had invited ideas to be submitted for regulatory reform. As per foreign media reports, the commission plans to plug in the deficiencies in the supply chain integrity through strict adherence to Good Distribution Practice (GDP), Good Manufacturing Practice (GMP) standards and transparency in the distribution chain.

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