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Pharmaceutical Crime Jumps 50% As Criminals Search To Capitalize Rising Tide of Counterfeit Weight-Loss Medication – Novo Nordisk (NYSE:NVO)

Because the weight-loss frenzy fueled by social media endorsements and Hollywood glamour continues to surge, the battle towards counterfeit medicines has intensified

The attract of fast fixes for weight reduction has spawned a profitable marketplace for counterfeit medicine, mimicking the likes of Novo Nordisk A/S’s NVO Ozempic and Wegovy, each containing semaglutide. 

With provide shortages exacerbating the demand, criminals have capitalized on the chance, flooding the market with probably lethal concoctions. 

The U.Ok.’s Medicines and Healthcare Merchandise Regulatory Company legal enforcement group has seized hundreds of faux medicines, together with insulin-filled pens disguised as Ozempic indicated for diabetes.

The surge in counterfeit medicine isn’t confined to the U.Ok. alone. 

Globally, pharmaceutical crime has risen by 50% lately, affecting the vast majority of international locations. 

Whereas the U.Ok. has made important strides in curbing the inflow of faux weight-loss medicine, challenges persist. The distinctive convergence of provide shortages and media hype created the right storm for counterfeiters. 

The proliferation of on-line pharmacies additional complicates the difficulty, making it difficult for customers to differentiate between real medicines and imitations.

For Novo Nordisk, combating counterfeit medicines is a high precedence. The corporate collaborates with authorities and employs third-party displays to sort out unlawful on-line gross sales. 

In an interview, Novo Nordisk’s CEO, Lars Fruergaard Jorgensen, reportedly affirmed that the corporate is collaborating with authorities throughout a number of international locations to sort out counterfeited medicine

Jorgensen emphasised the gravity of the state of affairs, stating, “That is one thing we take very critically.”

As per some reviews, Three people sought medical consideration for dangerously low blood sugar within the U.S. within the earlier 12 months, having taken suspected faux variations of Ozempic (semaglutide).

Eli Lilly And Co LLY has additionally taken authorized motion towards quite a few medical spas, weight-loss clinics, and compounding pharmacies to halt the sale of fraudulent merchandise.

The corporate recognized micro organism and elevated impurity ranges in merchandise falsely claiming to be compounded variations of tirzepatide, the lively ingredient in its widely-used diabetes treatment Mounjaro and the burden loss remedy Zepbound. 

Value Motion: NVO shares are down 1.04% at $133.70 on the final examine Wednesday.

Picture By Natalia Varlei On Shutterstock

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