Drug counterfeiting is not a new phenomenon, it has regarded as one of the oldest crimes in recent years. Counterfeit pharmaceutical products may contain inappropriate quantities of active ingredients, or drugs with correct ingredients but fake packaging, incorrect ingredients, or insufficient active ingredients and toxins. Counterfeit products are often made-up of cheap, substandard, and dangerous components that put the health and safety into a danger zone. These counterfeit drugs don’t harm to investors and authorized brands but it is very harmful to the end consumer, as these products have less or none of the stated active ingredients or not stored or kept properly in the required environment or temperature. Counterfeit products are low-quality products. This problem arises when people usually look for a discount/ bargain when they hit the shops. However, we also know that buying counterfeit products can mean saving a little money now but paying a much greater price further down the line.
According to the World Health Organization, counterfeit pharmaceutical as a product which is deliberately and fraudulently mislabeled with respect to identity or source of the products. Counterfeiting can apply to both branded and generic products. The Cheap & counterfeit medicines are often targeted those who required Critical care medicines for an emergency. This problem has been growing for a while, claiming the lives of many patients & consumers. The counterfeit products can be categorized into two different forms i.e. Substandard and falsified products. Substandard products are licensed and approved products but these products are poor in quality their stated ingredient has expired, degraded during transportation, or contained the wrong amount of active ingredient, whereas Falsified drugs are purposely misleading people about their contents or origin. As a result, these categories of counterfeit products can injure and kill people. Counterfeiting drugs is not only illegal, but it is also a major public health concern.
One day, I was reading an article, I found a company “VHS Logitech” which has built an IoT (Internet on Things) Cloud-based & BlockChain Oriented Digital Healthcare Platform is known as “Coolgix” www(dot)coolgix(dot)com. This Digital Initiative on Pharma 4.0 is from Vardhaman Health Specialities, India’s 1st and only WHO certified GSDP Pharmaceutical Distribution organization. When I read little bit more about it, I found a youTube link ‘www(dot)youtube(dot)com/watch?v=jDAEKoA2r8s&t=18s’. I saw their videos on youtube it was good and informative. This video explained to me all about, how Coolgix works on Detecting Products from Counterfeit throughout Supply Chain. This Cloud-based & BlockChain Oriented Platform protects the drugs from counterfeit without any hindrance and provides Authenticity & Traceability of the life-saving drugs. Coolgix’s Mobile platform (Android and iOS), has Smart Alerting and Notification and GIS integrated system which allows to track Cold Store /Warehouse temperature and Humidity conditions on a real-time basis 24X7. This Cloud-based pharma SCM would be helpful for the Entire Pharmaceutical companies. After going through their website “vhslogitech(dot)com” and videos, I find that Coolgix has immense key benefits such as, Coolgix Detects Products Counterfeit throughout Supply Chain. This Assure Patient Protection by keeping an eye on Drug Quality and Efficacy. Coolgix is also helpful for companies to protect their brand reputation and Avoid Export Barriers .