The European Union Intellectual Property Office (EUIPO) and the Organisation for Economic Cooperation and Development (OECD) have published a new Report on Trade in Counterfeit Pharmaceutical Products.
In accordance to the report, just in 2016 the total value of counterfeit pharmaceuticals traded worldwide was up to EUR 4.03 billion. The top five counterfeited products seized by customs during the period 2013-2016 were: antibiotics, sexual impuissance treatments, painkillers, anti-malarial and diabetes treatments.
To access the full report, please be referred to EUIPO's website.
To read more on IP and the Healthcare sector, please be referred to our materials:
- Managing your IP in the Medical Device Sector_Patent/Trade Secret/Copyright (Link)
- Healthcare sector in Latin America_Patents/Trade Secrets (Link)
- Healthcare and Pharmaceutical innovation in Mexico_Patents (Link)