Interpol announces deal to crack down on fake drugsMarch 12, 2013 - 19:39 AMT PanARMENIAN.Net - The International Police Agency, Interpol, has announced a deal with the pharmaceutical industry to crack down on fake drugs, BBC News reported. Twenty nine of the world's biggest drug companies will provide 4.5m euros ($5.9m; £3.9m) in the next three years to help the response to the problem. "A global effort is needed to combat this threat," Interpol said. The agency added that the lives of millions of people were put at risk every day because of it. Christopher Viehbacher, the chief executive of French drugmaker Sanofi, said: "In the case of drug counterfeiting, it can mean the difference between life and death for a patient. "It is estimated that 10% of medicines are fake and these figures can go up to 50%, particularly in some poorer countries." The money will go towards creating a new programme to improve Interpol's fight against the counterfeit industry. Part of it will be about raising public awareness of the dangers of fake drugs - particularly online. The World Health Organisation estimates that in more than 50% of cases, medicines bought over the internet, where the physical address is concealed, have been found to be fake. Sometimes, fake drugs can have fatal consequences. Last year, in Pakistan, more than a hundred heart patients died after taking counterfeit medicines. Top stories Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". Partner news | Get Started: An educational platform for young startuppers The Get Started program which operates in two phases is an important platform for young startuppers. Byblos Bank Armenia celebrates Students' Day with scholarship recipients YSU students who received scholarships from Byblos Bank Armenia gathered in a casual setting to meet with the Bank's CEO, Hayk Stepanyan. Azerbaijan extends Rune Vardanyan’s arrest by 5 months A court in Azerbaijan has extended the arrest of former Nagorno-Karabakh leader Ruben Vardanyan by five months. Armenia border residents dissatisfied with delimitation Residents Kirants are dissatisfied with the results of the delimitation of the border between Armenia and Azerbaijan. |