The counterfeit drugs industry is estimated to be worth $200 Billion a year.
The sales of counterfeit drugs kills up to 10,000 Africans each year and creates 2 to 5 percent tax losses for governments around the world.
Source: John Irish, “Customs group to fight $200 bln bogus drug industry,” Reuters, June 10, 2010.
{ 3 comments… read them below or add one }
The counterfeit drugs industry is estimated to be worth $200 Billion a year.
The sales of counterfeit drugs kills up to 10,000 “Africans” each year and creates 2 to 5 percent tax losses for governments around the world.
only Africans?
The source that we used for the market value only reported deaths to Africans. We have yet to find any data on deaths worldwide from counterfeit drugs.
The problem of counterfeit drugs is serious, and presents important risks for health. But the $200 billion figure is absurd, and has not basis in fact.
{ 1 trackback }