Friday, July 27, 2012

Senate committee reports pharmaceutical gray market fueled by unscrupulous pharmacies

Senate committee reports pharmaceutical gray market fueled by unscrupulous pharmacies | Drug Store News:

"According to the report, gray market drugs "leak" out of authorized distribution chains. "In more than two-thirds (69%) of the 300 drug distribution chains reviewed in the investigation, prescription drugs leaked into the gray market through pharmacies," the report read. "Instead of dispensing the drugs in accordance with their professional duties, state laws, and the expectations of their trading partners, these pharmacies resold the drugs to gray market wholesalers. Some pharmacies sold their entire inventories into the gray market. The wholesalers in turn sold their drugs — usually at significant markups — to other gray market companies.""

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