Asia appears to be global center for counterfeit, substandard drugs

06/16/2013 | Economic Times (India), The

Asia, particularly China and India, appears to be the chief source of what the World Health Organization now labels "substandard, spurious, falsely labelled, falsified and counterfeit (SSFFC) medicines." The global market for such fake drugs could be in the range of $50 billion to $200 billion, according to several reports, although authorities point out that large pharmaceutical firms, with export markets and reputations to protect, are rarely the problem.

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Economic Times (India), The

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