EU counterfeit drug seizures surge; most fakes from China

The European Union has seen an enormous increase in counterfeit products in the last decade, mostly coming from China, and nearly a fourth of what it seizes are fake drugs, a new report says. Most of those drugs are counterfeit diet pills and erectile dysfunction drugs like fakes of Pfizer's ($PFE) Viagra, but there were also counterfeit antidepressants and pain drugs, The Financial Times reports. The majority of these are being bought by consumers from Internet pharmacies, the report says. The report comes after the European Parliament for the first time rejected a trade agreement posed by the European Commission. The agreement, which had provisions aimed at attacking drug counterfeiting, was primarily defeated because it was seen as a threat to Internet freedoms. Story | More

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