Pharmaceutical World Sales Increase
to Over $880 Billion Per Year Including Large Sales
Increases in the "Pharmering
Countries" by International Pharmaceutical Supply Chain Fraud
Whistleblower Lawyer and International Adulterated Drug
Whistleblower Lawyer Jason S. Coomer
Every year over $4.1 trillion (US
dollars) is spent worldwide on health services
including approximately $850 billion (US dollars)
that is spent in the pharmaceutical market on drugs
and medications. In 2011, it is estimated that
global pharmaceutical sales are expected to grow by
5% to 7% to around $880 billion. This
growth in sales is led by the 17 so-called "pharmerging
countries," which include China, Brazil, Russia,
India, Venezuela, Poland and the Ukraine.
These "pharmerging countries", are forecast to see
their pharmaceutical spending grow at a 15% to 17%
rate in 2011, to between $170 billion and $180
billion overall.
Eight pharmerging countries are
amongst the top 20 world pharmaceutical markets, and
China is one of the “top three” or will be in the
near future. A few high-profile pharmaceutical
companies have been successful in gaining a foothold
in these pharmering countries. These footholds
include Abbott’s acquisition of Piramal Healthcare
in India — a deal that could potentially make the US
giant the top player in this country. Bayer's
and Novartis' investments in China including
Novartis' commitment to invest $1 billion USD
in R&D in China and its $125 million USD investment
to buy 85 percent stake in a privately held vaccine
company. Pfizer has made inroads into the
Russian health care system with a discount-card
system in Russia Sanofi Aventis has purchased
Medley, Brazil’s third-largest pharmaceutical
company. GSK and Lilly have also announced
anticipated doubling their revenue in emerging
markets by 2015.
It is estimated that
approximately 10 to 25% of public health care
procurement spending including drug contracts,
medicines, pharmaceuticals, medical equipment, and
medical devices is lost to corrupt and fraudulent
acts including adulterated drugs. As such,
there is an international movement to reward
pharmaceutical professionals and health care
professionals that expose fraudulent and corrupt
practices that cost hundreds of billions of dollars
and cost lives. This international movement
includes SEC Foreign Corrupt Practices Act
Whistleblower Reward Lawsuits and traditional Qui
Tam False Claims Act Whistleblower Reward Lawsuits.
Increased Competition and
Expansion in the Pharmaceutical Industry Creates
Opportunity for Increased Corruption in
Pharmaceutical Procement and Expands the
Opportunity for Fraud in Pharmaceutical Drug Supply
Chains that can create Dangerous Adulterated Drugs
Included in this
globalization of the pharmaceutical industry is a
shift in many international pharmaceutical
manufacturing supply chains where raw material
supplies for pharmaceuticals, medical supplies, and
medical equipment that were traditionally from the
United States and Europe are now produced in from
China and India as well as other emerging
countries. This manufacturing shift create has
created an environment where adulterated ingredients
to pharmaceuticals, medical supplies, and medical
devices may be used in the manufacturing of these
products and can create dangerous and defective
drugs, medical supplies, and medical devices being
purchased by governments and given to patients.
International Pharmaceutical
Supply Chains Include Active Pharmaceutical
Ingredient (API) Manufacturers, Pharmaceutical
Intermediate Manufacturers, and Pharmaceutical
Excipient Manufacturers All of Which Can Cause
Adulterated and Dangerous Pharmaceuticals if
Pharmaceutical Supply Chain Fraud Occurs
Pharmaceutical
suppliers of raw materials to the pharmaceutical
industry include suppliers of active
pharmaceutical ingredients (APIs),
intermediates, and excipients. It
is the United States Food and Drug Administration's
expectation that current good manufacturing
practices (CGMP) be used for the manufacturing,
processing, packing, or holding (i.e., storage) of
active pharmaceutical ingredients (APIs),
intermediates, and excipients. Further, the
FDA recommends that laboratory controls should
include the establishment of scientifically sound
and appropriate specifications, standards, sampling
plans, and test procedures to ensure that raw
materials, intermediates, APIs, and containers
conform to established standards of quality and
purity.
International Adulterated
Drug Supply
Chain Whistleblower Reward Lawyer, International
Pharmaceutical Supply Chain Fraud Whistleblower
Lawyer, Medicine Supply Chain Whistleblower Reward Lawyer, Medicine
Supply Chain Fraud Lawyer, and Pharmaceutical Supply Chain
Foreign Corrupt Practices Act Lawyer
International Whistleblowers along the
pharmaceutical supply chain and other health care
professionals
are being offered large potential rewards to blow the whistle on adulterated
pharmaceutical ingredients, adulterated medicine,
adulterated drugs, contaminated medical supplies,
and defective medical
devices. These whistleblower rewards can come
from SEC Whistleblower Reward Lawsuits and
traditional Qui Tam False Claims Act Whistleblower
Reward Lawsuits. For more information on these
potential whistleblower rewards, feel free to go to the following web pages: International Adulterated Drug Supply Chain Whistleblower Reward Lawsuits,
Drug
Safety Fraud Qui Tam Adulterated Drug
Whistleblower Reward Lawsuits, Off-Label Pharmaceutical Medicare Fraud Whistleblower Lawsuits and
Drug Procurement Illegal Kickback Lawsuit