About 1% of all the medicines sold in the world are likely to be counterfeit. In percentage terms 1% may seem to be small, but given that the global medicine trade is in the several billions, this small percentage is a very large number in absolute terms.The problem of counterfeiting is especially rampant in Asia & Africa but it also exists, surprisingly in a region like North America. Here, the problem may not be of only counterfeiting, but also of diversion.
Drug Pedigree
RFID Solution Of Drug Pedigree
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Implementing RFID systems is of course not the only answer to the pedigree problem, but is by far the most attractive. A manual paper & pen based system is certainly possible but unworkable as the amount of paper trails will be huge adding to the supply chain inefficiencies.
Advantages Of Using RFID
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- The system will make it impossible to pass on counterfeit drugs as genuine ones and thereby solve a major problem for all healthcare consumers.
- For supply chain participants, it ensures that only legitimate drugs passes through their channels so they can thus breathe easily.
- Governments can choke off the supply of illegal drugs and ensure that all legit taxes are collected.
Future Scenarios Of Drug Pedigree
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