With the world facing the most significant pandemic of all times, the COVID-19 outbreak, Reports started coming in many scams linked to the COVID drug industry.
Pharmaceutical scams occurring in the important industry companies like Pfizer, Chugai pharmaceutical, and GlaxoSmithKline have already been victims of the trade scams. Some of the significant traits of pharmaceutical scams.
What is Pharmaceutical Scams?
All drug producers have to produce medicines based on the FDA’s guidelines following the Current Good Manufacturing Practice (CGMP) laws. Following the rules will secure the drugs’ quality.
Quality checks protect an ordinary consumer from using the wrong medicines, and its violation of the quality standards might lead to a breach of the False Claims Act.
Failure to follow the act means the company is not accepting the quality standards seriously, where they are using the wrong types of equipment and mixture ratios to produce drugs and then sell them.
We all know that the drug industry favors doctors, where we believe in getting the exact medicine that the doctor prescribes us. Little do we know that substantial pharmaceutical scams are happening behind the scenes, which only a few know!
The doctors prescribe drugs due to the extravagant commissions they regularly receive from the pharmaceutical corporations.
Not following the acts is prohibited in the medical field. The doctors charge substantial consulting fees, go on exotic vacations, and afford all the lavish lifestyles, all at the expense of an average patient’s health.
Some companies create drugs using banned substances. To keep it a secret, they often end up bribing the people who decide to bring up such illegal practices in public.
Summary
Pharmaceutical Scams are becoming very common as covid-19 does not stop spreading. It is better to precautions before you order medicines and look out for such malpractices as they can affect many people’s lives.
