The new trend toward cost containment and personalized medical is putting pressure on companies that have grown accustomed to operating in a high-growth environment.
The government of India is pushing new barcode labeling requirements for pharmaceutical products as part of an effort to create a nationwide track-and-trace system to weed out counterfeiting operations and bolster the country's reputation as a supplier of high-quality goods.
Pallimed Solutions has initiated a recall of more than a dozen products, which were distributed in 15 states. However, the recall process has raised new questions about the company's practices.
With new drug pedigree requirements coming into effect in California during 2015, pharmaceutical companies are on the verge of a new phase, in which product serialization and real-time visibility are increasingly standard throughout the industry.
In court, prosecutors described Francis Ortiz as a "key member" of a global counterfeiting ring and accused him of shipping more than 140,000 knockoff medications.
Accurate labels are key for maintaining the safety of pharmaceuticals and dietary supplements.