Counterfeit Medicine

The trade in counterfeit drugs circulating in Nicaragua has become a serious public health issue.

Tuesday, July 27, 2010

Nicaragua has developed into a major marketplace for counterfeit medicine manufactured without any quality controls. Its epicenter is in the capital's so-called "Eastern Market" where many popular drugs can be purchased.

Alejandra Ehlers writing for Laprensa.com.ni comments that, "the sale of fake drugs is a problem that has spread across the world. According to the World Health Organization (WHO) one in ten of all medicines sold is fake, ineffective or has the potential to cause death".

The counterfeit medicines market is controlled by powerful and violent groups associated with drug trafficking.

More on this topic

Tender: $48 million for Medicines

May 2017

The Social Security Fund in Panama is putting out to tender the supply, storage and delivery of medicines as needed at the national level, for a period of at least twelve months.

Panama Government Purchase 2017-1-10-0-08-LP-252737:

"Requirements are for the provision of 85 national lines of special drugs, controlled substances and narcotics (high sanitary risk) at the national level, for a minimum of 12 months, which covers the exercise of fiscal validity and extensions of the term.

Panama: Extension of Registrations for Medicines

August 2016

In order to solve the problem of shortages, health registrations will be automatically extended for pharmaceuticals expiring this month.

The president of the Chamber of Commerce, Industries and Agriculture in Panama said that "... '[Ministers] told us they welcomed the proposal by the Chamber of Commerce to extend the health records of drugs that are expiring between August 14 2016 and August 15 2017.

Peruvian Pharmaceutical Company to Operate in Panama

October 2014

The ESKE Group has announced te opening of a distribution hub in Panama City to redistribute its generic lines imported from India and Europe and those manufactured in Peru.

Group ESKE, an importer of generic drugs from India and Europe and others that it manufactures at its plant in Peru, intends to establish in Panama a distribution hub for the entire region.

"Dr. Simi" goes for the Guatemalan market.

August 2008

Four years after forming an alliance to take the Similares Pharmacies to Guatemala, Rigoberta Menchú Tum and Mexican, Victor Gonzalez Torres have separated.

This business story started on a spring night in Mexico. Customers were enjoying a seafood platter covered with red wine in the French restaurant at the luxurious Intercontinental Presidential Hotel.

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