Wednesday, 17 February 2010

Survey on counterfeit drugs market

According to a survey conducted in 14 European countries, 77 million people (ie one in five Europeans) admitted to buying prescription-only medicines from unlawful sources. A majority prefer to buy prescription drugs on the internet, “without realising that between 50% and 90% of medicines sold online are counterfeit and that some contain dangerous substances, such as boric acid”. The ‘Cracking counterfeit Europe’ survey revealed that the counterfeit drug market is estimated to be worth €10.5 billion. The Germans, Italians and Spaniards are the three biggest consumers of medicines bought illegally. Weight-loss drugs, flu remedies and erectile dysfunction pills are the products sold most often. The survey, carried out between 27 October and 8 November 2009, was initiated by Pfizer, the world’s number one pharmaceutical firm and owner of one of the medicine falsified most often, Viagra.

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