Five Characteristics of a Good Epedigree Solution

Written by Economic Development Jobs on March 26, 2016. Posted in Bottle packaging companies, Packaging medical, Pharma packaging

E pedigree serialization

Pharmaceutical fraud is a glaring problem in the United States. In the last 15 years, it is estimated that there is been close to $200 billion in pharmaceutical counterfeiting, theft, and drug tampering. According to the U.S. Chamber of Commerce, the black market pharmaceutical industry costs legitimate pharmaceutical businesses about $32 billion in damages and lost revenue every single year. Beyond the monetary burden that this puts on pharmaceutical companies, the tampering and contamination of medication is dangerous to patients taking them.

Because risk imposed by pharmaceutical fraud is so great, the Federal Drug Administration (FDA) has proposed regulations on the documentation of pharmaceuticals, called “epedigree solutions.” Continue Reading | No Comments