Project Management

Leveraging Track & Trace in the Pharmaceutical Industry

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Executive Summary

The counterfeit drug market, recognized by the Food and Drug Administration as a real and expensive problem, is responsible for the loss of billions of dollars every year. Counterfeit drugs are manufactured by using inactive (ineffective) or toxic (harmful) ingredients and are packaged to resemble genuine (brand-name or generic) drugs. The World Health Organization estimates counterfeit drug sales to range between $35 and 40 billion per year. Between 8 and 10% of the worldwide drug supply is estimated to be counterfeit, which means that by the year 2010, more than $75 billion of sales will be lost per year.

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