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Ways To Battle The $431 Billion Fake Pharmaceutical Industry

Author

Listed:
  • Brian Gurney
  • Gary Amundson
  • Salem L Boumediene

Abstract

Nowadays, counterfeit drugs are available in the marketplace more than ever. One has no idea whether they are acquiring the genuine drug or not. Many deaths have occurred because of mistakes made by consuming counterfeit medication. Not only does it alter one’s health but it also crushes their hopes. The data concerning counterfeit drugs are increasingly being published in reports and reviews. It seems like government does not care about the issue since it is ongoing and growing. Governments seem to underestimate the importance of the issue, hence its growing prospect. Harsher sanctions are needed to prove that counterfeiting is not an unpunished crime. Whoever commits that felony has to face the consequences that come along with breaking the law and possibly participating in harming and endangering one’s life

Suggested Citation

  • Brian Gurney & Gary Amundson & Salem L Boumediene, 2017. "Ways To Battle The $431 Billion Fake Pharmaceutical Industry," Review of Business and Finance Studies, The Institute for Business and Finance Research, vol. 8(1), pages 33-40.
    • Handle: RePEc:ibf:rbfstu:v:8:y:2017:i:1:p:33-40
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    More about this item

    Keywords

    Medicine; Counterfeit Drugs; Generic; Regulation;
    All these keywords.

    JEL classification:

    • I10 - Health, Education, and Welfare - - Health - - - General
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
    • I19 - Health, Education, and Welfare - - Health - - - Other
    • K20 - Law and Economics - - Regulation and Business Law - - - General
    • K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law
    • F19 - International Economics - - Trade - - - Other
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business

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