According to the Chairman of the Society of Hospital Pharmacists of Hong Kong, up to 90 percent of all cancer drugs in Hong Kong are bought by residents of mainland China.
The mainlanders illegally buy the cancer drugs such as Herceptin in Hong Kong due to concerns about the medical counterfeit drugs and other safety issues. In addition, the cost to purchase drugs is cheaper than on the mainland. One man who was buying breast cancer treatment drugs for his wife stated that he would saave over $1,313 (8,000 Yuan) buying Herceptin in Hong Kong than in China.
Source: AFP, “Hong Kong’s illegal cancer drug trade driven by mainland buyers,” Google News, December 2, 2013.
The director of the Tax and Customs enforcement agency in Colombia stated that the profit margin for criminals selling counterfeit drugs is between 500 to 1,000 percent. For example, a fake Viagra pill that costs $1 to manufacture can be sold for $5 to $10.
Intelligence analysts state that cost of the counterfeit drugs being sold in Colombia was manufactured in Ecuador, Panama, Peru and Venezuela.
From 2012 to the middle of 2013, authorities in Colombia seized over 5 million fake and contraband drugs. These medicines included drugs past its expiration date, drugs that were falsely labeled, and other drugs filled with flour or cement.
The United Nations Office on Drugs and Crime estimates that 30 percent of the drugs sold across Latin America are counterfeits.
Source: Natalie Southwick, “Colombia Pharmaceutical Trafficking ‘Has 1,000% Profits Margins’,” Insight Crime, October 28, 2013.
A survey conducted by accounting company PwC fourd that 18 percent of consumers in Britain admitted to purchasing counterfeit alcohol. 16 percent reported purchasing counterfeit drugs such as Viagra and weight-loss pills. And 13 percent admitted to buying counterfeit cigarettes.
British consumers between the ages of 18 to 34 bought the most counterfeits, with 60 percent saying that they bought pirated movies and music and 55 percent have bought counterfeit clothing.
Source: Rebecca Smithers, “Surge in purchases of counterfeit goods,” Guardian, October 1, 2013.
In the first half of 2013, security officers in Germany seized 1.4 million counterfeit drugs. The number of fake medicines seized was 15 percent higher than the amount seized in the first half of 2012.
According to security experts, the profit margin for a counterfeit drug such as fake Viagra can be as high as 25,000 percent.
Source: Heimo Fischer, “Fat profits behind steady rise in fake drugs worldwide,” Deutsche Welle, September 30, 2013.
Business leaders in Saudi Arabia state that statistics show that nearly 80 percent of retail stores in the country sell counterfeit goods to its customers. When surveying customers, the business industry found that 20 percent are using counterfeit products in their households.
25 percent of the medicines sold in local markets are counterfeit drugs.
Saudi Arabia losses an estimated $4 Billion a year to counterfeits.
Source: Nadim Al Hamid, “Consumers warned not to buy counterfeit goods,” Arab News, September 21, 2013.
The Automotive Component Manufacturers Association of India has reported that up to 20 percent of all road accidents that occur in India are due to counterfeit auto parts. The counterfeiting affected over 400 companies in India.
In addition to the fake auto parts, between 5 to 10 percent of products in the pharmaceutical industry consists of counterfeit drugs.
Source: Vithika Salomi, “Fake spares cause 20% of mishaps: Reports,” Times of India, August 31, 2013.
In 2012, up to 30 percent of the drugs sold in Kenya were believed to have been counterfeits, according to the Pharmacy and Poisons Board of Kenya.
In Ivory Coast, the rate of counterfeit drugs sold was between 20 to 25 percent.
Source: AFP, “Counterfeit medicine trade targets Africa’s poor,” Google News, August 22, 2013.
In the first 7 months of 2013, police in China conducted over 19,000 anti-counterfeiting cases throughout the country. The Ministry of Public Security reported that the counterfeit products seized and destroyed by security forces included:
Source: “China police crack down on counterfeit goods,” Channel News Asia, August 10, 2013.
In the first six months of 2013, authorities in Yemen seized and destroyed over 57 tons of counterfeit and expired foods, counterfeit cosmetics and counterfeit drugs. 581 cases of counterfeiting have been identified by law enforcement, with 522 cases being sent to the Prosecutors office.
Amongst the actions taken by officials were seizing 50,000 packs of chewing gum and shutting down 8 ice cream factories that were shut down due to lack safety standards and substandard ingredients.
In 2012, over 80 tons of counterfeit goods was seized and destroyed in Yemen.
Source: Ali Ibrahim Al-Moshki, “Over 57 tons of expired, counterfeit goods destroyed,” Yemen Times, July 8, 2013.
European Union police agency Europol reported that 28.6 percent of all counterfeit goods seized in 2011 consisted of counterfeit foods and counterfeit drugs. The portion of fake foods and medicines seized in 2011 was up from 14.5 percent in 2010.
Source: Financial Times, “Crime Gangs Look to Clean Up as Europe’s Black Market Balloons,” CNBC, June 24, 2013.