The pharmaceutical industry is grappling with a critical challenge: the proliferation of counterfeit drugs. This issue is driven by several factors, including the high cost of proprietary medications, the increasing use of the internet for drug sales, the minimal legal risks associated with counterfeiting, and the relative ease of producing counterfeits. This global crisis generates a staggering $200 to $432 billion annually for counterfeiters and is responsible for over 1,000,000 preventable deaths each year. In response, pharmaceutical companies have implemented measures like tracking systems and tamper-evident packaging, but these methods have significant limitations.
Our expert speakers—Zachary Eisenberg, Vice President; Nikolay Barashkov, Director of R&D and Technical Services; Stephen Keteltas, Senior Manufacturing Chemist; and Alyssa Tabucao, Product Manager of SECURtracers—will delve into the current landscape of counterfeit pharmaceuticals. They will review existing solutions, highlight the need for innovative approaches such as on-dose authentication, and introduce their novel SECURtracers technology.
While the fight against counterfeit drugs is complex and ongoing, innovations like on-dose authentication offer a promising advancement in safeguarding patients and maintaining the integrity of the pharmaceutical supply chain. By adopting these solutions, manufacturers can significantly reduce liabilities, prevent revenue loss, protect their brands, and most importantly, save lives. Stay ahead of the curve and safeguard the future of healthcare—register today!
Learning Objectives:
- Understand the scope and impact of counterfeit pharmaceuticals
- Evaluate current anti-counterfeiting measures and their limitations
- Explore innovative solution, SECURtracers, for on-dose authentication
- Learn about how SECURtracers technology is used to code solid oral dosage form drugs