Counterfeit Drugs Flooding the Market

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Counterfeit drugs are one of the major issues in the world today. Since the development of the pharmaceutical industry, incidences of counterfeit drugs have been recorded every year. However, the incidences have been increasing with time especially with globalization and the consequential increase in the global pharmaceutical trade. According to Pharmaceutical Security Institute (PSI), the incidences of counterfeit drugs have been increased over the years especially in the last ten years.  A report by PSI in 2011 showed a remarkable increase in case of counterfeit drugs as can be shown in the graph below: