Access to low-price generics threatened by technologies due to be used in EU

30 April 2012

Producers of generic medicines are raising concerns on the huge cost implications of possible new anti-falsification technologies that will be required as a result of Directive 2011/62/EU on falsified medicines.

The European Generic medicines Association (EGA), whilst fully supportive of the European Union and other international initiatives in their fight against counterfeit and falsified medicines, stresses that the threat to patients comes from falsification of well-known branded products and not low priced generic medicines.

The scope of counterfeiting in medicines is like any other sector (such as clothing or electronics) where criminal activities are driven by price and demand, especially targeting well-known brands, the EGA argues. There are no reports of generic medicines found falsified in the EU legal supply chain. Generic medicines should even be considered as preventing the falsification of medicines as they trigger competition, resulting in lower prices, and fragment the market into multisource volumes, which are unattractive for counterfeiters.

This article is accessible to registered users, to continue reading please register for free.  A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.

Login to your account

Become a subscriber

 

£820

Or £77 per month

Subscribe Now
  • Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
  • Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
  • Daily roundup of key events in pharma and biotech.
  • Monthly in-depth briefings on Boardroom appointments and M&A news.
  • Choose from a cost-effective annual package or a flexible monthly subscription
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed

Chairman, Sanofi Aventis UK





Today's issue

Company Spotlight





More Features in Generics