The global pharmaceutical industry is an ever-evolving and fast-paced environment that must always adapt to the needs of the patients while following the requirements of various national health organisations and governments.

But the question is: Why does our industry need to regulate such a well-oiled machine? The answer is simple. Counterfeit and fraudulent products are a lucrative business that is consistently on the rise, especially in the case of medicines, powered by the booming economy of online shopping, the flattening of the world and the opening of international borders.

For more than a decade, counterfeiters have built strong networks and continue to take advantage of an industry in dire need of regulations and protection. The black market for prescription medication has become a global threat that floods hospitals and pharmacies around the world, putting many patients’ lives at risks.

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