Fraud in a bottle: How Big Pharma takes on criminals who make millions off counterfeit drugs
Publishing timestamp: 2023-12-11 09:00:01
Summary
Counterfeiting lifesaving medications, including HIV drugs, is a lucrative criminal enterprise worth billions of dollars worldwide. Gilead Sciences and Johnson & Johnson have filed lawsuits against pharmacies and distributors over counterfeiting operations. Law enforcement officials are investigating other cases of drug counterfeiting. The criminals involved prey on vulnerable individuals and alter pill bottles to sell counterfeit medications. The problem of drug counterfeiting is a significant concern for pharmaceutical companies and poses risks to patient safety.
Sentiment: MIXED
Keywords: pharmaceuticals, crime, johnson & johnson, health care industry, pharmacy operators, fraud and false statements, business news, drug-related crime, business, gilead sciences inc, laws, lazaro hernandez,
Source: https://www.cnbc.com/2023/12/11/fraud-in-a-bottle-big-pharma-takes-on-counterfeit-drugs.html