India-based engineering solutions provider Goose has launched an indigenously developed tool to help the pharmaceutical industry meet new packaging regulatory guidelines and detect counterfeit drugs.
Several global pharmaceutical companies have adopted Goose’s Procon Tracker, which features highly robust encrypted serialisation and package authentication capabilities in order to protect pharmaceutical products from tampering and counterfeiting.
The technology has been boosted by a recent directive from the Indian government to implement track and trace automatic identification processes, a directive that has been widely accepted by the pharmaceutical industry.
Counterfeit pharmaceuticals is a growing problem for the industry. They are expected to become 16% of the aggregate size of the legitimate industry, a 6% rise from 2004 figures, according to a Centre for Medicines in the Public Interest report.