Counterfeits Posing Serious Threat To Turkish Public Health
This article was originally published in PharmAsia News
Raiding an address in Istanbul, police recently found more than $1 million worth of fake drugs. The products were mainly sold to cancer patients, but other therapeutic areas have also been subject to fraud. According to the Turkish Drugs and Medical Devices Institution, a total of 7,400 packages of fake or counterfeit drugs were seized by police in 2013, indicating a growing problem.
You may also be interested in...
Turkey’s efforts to control rising rates of COVID-19 are compromising the ability of hospitals to pay their debts to medtech and pharmaceutical companies. The government has devised a payments plan, but there is catch.
The Turkish medtech industry’s ongoing hospital payments problems appeared likely to come back onto the government’s agenda, with the national economy recovering somewhat in late 2019. But COVID-19 dashed those hopes.
Growth prospects for Turkey’s medical technology market are significant, but local companies have complained about public policies that are harmful to business and about the ongoing crisis in the hospital system. Now, international medtechs are starting to react, with some downscaling local operations and portfolios. Association of Research Based Medical Technologies Manufacturers president Umut Gokalp laid out the problems being faced by industry, and what action he thinks the government should take.