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Why India Failed to Penalize those Responsible for the Circulation of Substandard Medicines and Vaccines while China Succeeded?

Author

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  • Singh BR

    (Division of Epidemiology, ICAR-IVRI, India)

Abstract

The fake drug market is estimated at $200 billion by the World Customs Organization (WCO). The World Health Organization estimates that as many as 30% of all medicines sold in some areas of Asia are fake. Of those surveyed, as many as 67% considered counterfeit medicines were labeled dangerous [1]. Indian pharmaceutical companies suggested that in India’s major cities, one in every five strips of medicines sold is a fake leading to an annual revenue loss of 4-5%. It is also estimated that spurious drugs market growth are faster than the real drug market; it has grown from 10% to 20% of the total market.

Suggested Citation

  • Singh BR, 2017. "Why India Failed to Penalize those Responsible for the Circulation of Substandard Medicines and Vaccines while China Succeeded?," Global Journal of Pharmacy & Pharmaceutical Sciences, Juniper Publishers Inc., vol. 2(5), pages 107-109, June.
    • Handle: RePEc:adp:jgjpps:v:2:y:2017:i:5:p:107-109
    DOI: 10.19080/GJPPS.2017.02.555599
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