Counterfeit medicine is killing thousands, possibly tens of thousands, of people every year. Every drug – from antibiotics to anti-malaria medicine, from painkillers to vaccines – is falsified by unscrupulous criminals. Even Viagra is regularly counterfeited.
The development of drugs is a highly regulated sector with national and international laws governing due diligence across all areas of the pharmaceutical industry. From research to drug development through to mergers and acquisitions, the regulatory environment continues to broaden and deepen.
The pharmaceutical industry has been impacted by globalisation more than most. Where there was traditionally a significant difference between the levels of healthcare and wellbeing between the developed and developing worlds, there has been rapid and complex change.