In the pharmaceutical industry, ensuring patient safety is of paramount importance. With the rise in counterfeit drugs and the need for traceability, compliance and serialization have become critical aspects of pharmaceutical operations. Compliance refers to adhering to Regulatory requirements, while serialization involves assigning a unique identifier to each product unit. This blog explores the significance of compliance and serialization in pharma operations and highlights their role in safeguarding patient health.
Manufacturing counterfeit and fraudulent items are highly profitable, particularly in the pharmaceutical industry. The illicit market for prescription medication has become a global menace, with patients' lives at risk as it continues to flood hospitals and pharmacies worldwide.
Counterfeit medicine is a major issue all around the world. It is estimated that a significant portion of a pharmaceutical products is counterfeit, and this figure is increasing yearly. Counterfeit drugs endanger the reputation and revenue of legitimate pharmaceutical firms as well as the public's health and safety.