Connect with us

Hi, what are you looking for?

Captain Of Success
Top Stories

Stock Markets

GS1 Philippines fights fake medicine

REUTERS

ADOPTION of barcode technology could help the Philippines fight counterfeit medicines and medical supplies, an advocacy group said on Wednesday following the country’s inclusion in a US watchlist for pharmaceutical crimes.

“By leveraging barcode technology, we can establish a cohesive integration of global standards that prioritizes patient safety, particularly in regions facing serious challenges with counterfeit products,” said Roberto “Bobby” S. Claudio, president of GS1 Philippines.

The United States Trade Representative named the Philippines as one of the leading sources of counterfeit medicines distributed worldwide.

It also cited the country in its US piracy watchlist for growing concerns about the manufacture and distribution of counterfeit pharmaceutical products.

In response, GS1 Philippines has been implementing Global Trade Item Numbers (GTINs). This standardizes labeling and tracking systems, streamlines the management of medicines and supplies, and improves the supply chain.

GS1 Philippines said GTINs improve product identification and verification as it can capture the date of manufacture, expiration date, and the name of manufacturer.

The group said it is also committed to preparing local industries for the global shift to 2D barcodes by 2027, aligning with international standards and enhancing the country’s competitiveness.

The 2D barcodes, including QR codes, ensure accurate brand information and better supply chain management. — Aubrey Rose A. Inosante

    You May Also Like

    Finance

    The Confederation of British Industry (CBI) has urged Chancellor Rachel Reeves to introduce significant tax cuts for electric car, heat pump, and biofuel manufacturers...

    Stock Markets

    People line up to file their income tax returns at the Bureau of Internal Revenue office in Intramuros, Manila, April 18, 2022. — PHILIPPINE...

    Finance

    Angela Rayner, Deputy Prime Minister, is set to grant an additional 9 million UK workers the right to sue their employers for unfair dismissal...

    Stock Markets

    PHILIPPINE STAR/ MICHAEL VARCAS THE World Bank (WB) said it returned a “satisfactory” rating on progress made by the Department of Agriculture in enhancing...

    Disclaimer: CaptainOfSuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 Captain Of Success. All Rights Reserved.