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2 The global counterfeit pharmaceuticals trade is estimated to be worth billions annually, 3 bolstered significantly by the increased illicit onlinepharmacies that emerged during the COVID-19 pandemic. The US Food and Drug Administration (FDA) further estimates that 97 percent of onlinepharmacies are operating illegally.
The threat of illegal onlinepharmacies. Many countries have introduced serialisation legislation which requires product identifiers to be affixed to each package to provide traceability throughout the distribution supply chain. This technology can also play an important role in supporting virtual clinical trials.
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