IHS Chemical Week

Markets :: Fine Chemicals/Biotech :: Pharmaceutical ingredients

Industry Calls for Tougher Sanctions to Deal with Counterfeit Medicines

8:14 AM MDT | June 9, 2008 |

Alex Scott

The European Commission says it has received about 100 submissions from pharmaceuticals manufacturers and patient groups as part of its consultation exercise to stop the counterfeit production of medicines. Cefic, in its response, has told the commission that rather than draw up new regulations the effective enforcement of existing legislation could significantly improve the current situation.   “If properly enforced with severe penalties for offenders, [it] would significantly reduce the escalating risk driven by globalisation and hyper-competition in...

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