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Fake Drugs Kill Over 700,000 People Every Year - New Report
The report lays bare the ballooning problem of counterfeit and substandard drugs, which can constitute one third of the drug supply in certain African countries. These dodgy drugs result in unnecessary death and increased levels of drug resistance.
The report highlights more shocking evidence, such as:
Nearly half the drugs sold in Angola, Burundi, and the Congo are substandard
About two thirds of artesunate (anti-malaria) drugs in Laos, Myanmar Cambodia and Vietnam contain insufficient active ingredient
Most fake drugs originate from China and India
Current attempts to deal with the problem through tougher regulation and criminal penalties do not address the root causes of counterfeiting. Worse, many countries have corrupt regulatory and legal systems that are easily exploited by criminal counterfeiters, so additional rules will only increase corruption.
Governments also exacerbate the problem by making legitimate drugs more expensive through taxes and tariffs.
The report stresses that what is needed are effective mechanisms to enable purchasers of drugs to be assured that what they are buying is the real thing. Identity preservation systems using unique codes verifiable through a simple text message are one possible solution. More effective trademark systems would also help.
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