In 2017 the WHO estimated that the counterfeit drug market represents around 10-15 per cent of the pharmaceutical market worldwide, with an estimated $200bn revenue per year.
Worldwide there were 3,509 pharmaceutical crime incidents in 2017, which represents an 11% increase from 2016. Most falsified medicines that reach the market do so because of inefficiencies in the supply chain. The complexity of the supply chain, in which drugs change ownership multiple times before reaching the patient, leads to these inefficiencies. With some channels ignoring distribution rules, a drug’s authenticity is put at stake in the end.
In an effort to reduce these problems and to improve supply chain transparency countries like Italy and Turkey took the first steps around serialisation in 2010. The US then followed with the federal government passing the Drug Supply Chain Security Act (DSCSA) in 2013 and setting a 10-year timeline to implement serialisation and traceability down to the item level.
In Europe the Falsified Medicines Directive (FMD) was published in January 2011 to combat the increasing risk that falsified medicines reach patients. Now, as countries prepare for the deadline of 9 February 2019 to implement the Commission Delegated Regulation (EU) 2016/161 many companies are at risk of missing this deadline.
Serialisation is set to revolutionise pharmaceutical operations as it requires complex technical projects involving engineering systems at line, distribution operation levels and enterprise IT systems at site and global levels.
From 9 February 2019 market authorisation holders are required to place specific safety features on all new packs of prescription medicines placed on the market in the European Union. These include:
Pharmacies will be required as part of the dispensing process to:
Furthermore, serialisation and traceability measures are not just being implemented in the US and Europe but many other regions such as Asia and Middle East and Latin America (LATAM) are doing the same and many others are expected to follow.
Also, the details and complexities of this process and the fact that different countries have different requirements or specificities makes it difficult for manufacturers to stay updated with the legislation and its particularities.
In this webinar you will understand the global counterfeit drugs landscape and how different countries are implementing serialisation and traceability measures, such as EU, US and other markets. We demonstrate how Cortellis Regulatory Intelligence and Clarivate’s Professional Regulatory Services can help pharmaceutical companies, manufacturers and other supply chain professionals navigate this complex subject, understand the local regulatory environment in all countries where they do business, save time tracking regulatory changes and anticipate regulatory obstacles with accessible analytics.
Learning outcomes of this webinar:
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