Download
HTML Embed
HTML EMBED
Click to Copy

Latest Episodes

Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace

The nest is full

Oct 11, 2019
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
This Is Uncomfortable

Fake pharmaceuticals are a $75 billion global industry

Stephen Beard Sep 26, 2013
Share Now on:
HTML EMBED:
COPY

A conference at the Chatham House think tank in London is addressing the growing problem of counterfeit medicines. The World Health Organization (WHO) estimates that fake drugs account for up to half of all the treatments sold in some developing countries, putting millions of lives at risk.

The WHO claims that knock-off medicine is now a $75 billion a year industry. The problem is not confined to poor countries; one-tenth of the drugs sold worldwide are believed to be fake, with some finding their way into the U.S. and Europe .

“This poses a real threat to human health,” says Professor Martin McKee of the London School of Hygiene and Tropical Medicine. “You might be taking drugs that don’t cure the condition you have, and if it’s a life-threatening condition you might die. Or you might be taking drugs that are toxic and the ingredients that are in them may kill you. There’s also the problem of sub-standard drugs encouraging the emergence of antibiotic resistance ”

Professor McKee, who is taking part in today’s conference, argues that the boom in internet sales of medicines has fuelled the fake drug industry.

The anti-impotence remedy Viagra, when sold online, is believed to be the most counterfeited treatment.

But McKee also blames slack regulation and the globalization of the pharmaceutical business. He points out that long and complicated supply chains make it easier to get fake drugs into the system.

If you’re a member of your local public radio station, we thank you — because your support helps those stations keep programs like Marketplace on the air.  But for Marketplace to continue to grow, we need additional investment from those who care most about what we do: superfans like you.

Your donation — as little as $5 — helps us create more content that matters to you and your community, and to reach more people where they are – whether that’s radio, podcasts or online.

When you contribute directly to Marketplace, you become a partner in that mission: someone who understands that when we all get smarter, everybody wins.

Check Your Balance ™️
Check Your Balance ™️
Personal finance from Marketplace. Where the economy, your personal life and money meet.

Thank you to all the donors who made our fall drive a success!

It’s Investors like you that keep Marketplace going strong!