How Serialization Can Help Pharma Industry to Curb Counterfeiting and Save Billions, Expert Gaurav Sheds Light

Pharma Serialization involves assigning a distinctive code to the packaging of every drug and imprinting this code on the packaging using any suitable method, encompassing primary, secondary, and tertiary packaging.
How Serialization Can Help Pharma Industry to Curb Counterfeiting and Save Billions, Expert Gaurav Sheds Light

How Serialization Can Help Pharma Industry to Curb Counterfeiting and Save Billions, Expert Gaurav Sheds Light. Image Source: CanvaPro

Globally, product theft and counterfeiting cost the pharmaceutical business billions of dollars in damages every year. Consumers are directly influenced by drug counterfeiting and run the danger of having the incorrect medication. Countries have different regulatory requirements, which could lead to changes in regulations. Depending on prescription medicine batches, serialization laws in certain countries may apply to the full product dosage.

What is Serialization in Pharma Sector?

Over the last decade, governments around the world have developed a potent and efficient strategy to tackle the menace of counterfeit drugs, which significantly impacts public health. The primary aim of this approach is to enable tracking of drugs throughout the supply chain. The initial step in deploying this strategy is pharma serialization. Over the past decade, numerous lawmakers have formulated laws and regulations mandating pharma serialization.
Pharma Serialization involves assigning a distinctive code to the packaging of every drug and imprinting this code on the packaging using any suitable method, encompassing primary, secondary, and tertiary packaging.
Shedding light on the issue, leading stakeholder Gaurav Kumar, serving as a Serialization and ERP leader, said "in certain nations, serialization might cover the entire product dosage, whereas in others, regulations could include even the smallest commercially manufactured units, depending on prescription drug batches. Pharmaceutical serialization involves assigning a unique serial number to each product and track it in the supply chain cycle."
In 2018, Gaurav spearheaded and launched the Warehouse Serialization Rework Management application in the Enterprise system. This new development tool for the serialization reworks save extensively to the organization. This type of application development benefits small and medium-sized enterprises to perform the process with the lost cost.
"In the pharmaceutical sector, sub-standard medications endanger global public health. These medications are not just harmful and ineffectual; they can have fatal side effects as well," he added.
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