Word: counterfeiter
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...issue has long been a preoccupation of major pharmaceutical companies, which lose as much as $75 billion in business every year to counterfeit-drug makers, according to WHO estimates. In 2002, the industry set up a Washington-based agency called the Pharmaceutical Security Industry, run by Thomas Kubic, a former FBI deputy assistant director, to try to tackle the problem. And four years later, the WHO launched an international task force dedicated to the issue. But so far, such efforts have merely highlighted the growing trade. The Pharmaceutical Security Industry tracked more than 1,800 incidents of drug-counterfeiting around...
...that may be starting to change. On Monday, the Presidents of two African countries, Thomas Boni Yayi of Benin and Blaise Compaoré of Burkina Faso, will be among a cluster of international dignitaries and industry experts who will make an international call for action against counterfeit drugs in Cotonou, Benin. The initiative is the brainchild of Jacques Chirac, the former French President, who wants to make the Cotonou declaration the first step of a worldwide campaign aimed at raising awareness of the problem and persuading governments to impose tougher penalties and improve routine testing of medications. The larger goal...
...poisonous acetaminophen syrup that had killed 24 children. In Argentina, several women died in 2004 after receiving injections of a falsified iron-based medicine to treat anemia. And in 2006 more than 100 people in Panama died after taking medicines made with fake glycerin. Many times, the counterfeit drugs just don't work. This leads to a large number of preventable deaths, particularly in the developing world. (Read "The Desperate Need for New Antibiotics...
...problem is not limited to poor countries, however. When Pfizer recalled 120,000 packs of its cholesterol drug Lipitor in Britain in 2005 after it discovered a counterfeit version, it found that 60% of all the returned packs were fakes. Jacques Franquet, who heads security operations for the French drugmaker Sanofi Aventis, says his teams routinely find fake versions of about 15 of the company's drugs worldwide...
Uttering refers to the use or circulation of bills or documents known to be counterfeit with the intent to defraud...