The global pharmaceutical industry is an ever-evolving and
fast-paced environment that must always adapt to the needs
of the patients while following the requirements of various
national health organisations and governments.
But the question is: Why does our industry need to regulate
such a well-oiled machine? The answer is simple. Counterfeit
and fraudulent products are a lucrative business that is
consistently on the rise, especially in the case of medicines,
powered by the booming economy of online shopping, the
flattening of the world and the opening of international
For more than a decade, counterfeiters have built strong
networks and continue to take advantage of an industry in
dire need of regulations and protection. The black market for
prescription medication has become a global threat that floods
hospitals and pharmacies around the world, putting many
patients’ lives at risks.