Bioprogress BPRG - Serious Investors Only (Moderated)

From today's Times.




The global trade in counterfeit medicines is growing rapidly. A report from America’s Centre for Medicines in the Public Interest claimed sales of counterfeit drugs could reach $75 billion (£38.3 billion) by 2010, a 92 per cent increase from 2005.

The World Health Organisation has estimated that about 8 to 10 per cent of medicines available globally are counterfeits.

Drug forgery is a particularly big problem in the developing world. In Nigeria more than 60 per cent of drugs are thought to be counterfeit. In the European Union, customs officers seized more than half a million packets of fake medicines in 148 separate raids in 2005.