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Technology Revolution: The Future of Now

Counterfeit Medical Products: Stop the Madness

Technology Revolution: The Future of Now

Bonnie D Graham

Business News, Technology, News

4.9 β€’ 108 Ratings

πŸ—“οΈ 12 November 2014

⏱️ 57 minutes

🧾️ Download transcript

Summary

The buzz: Counterfeits, "Quality has its price" is especially true for drugs and medical devices, where counterfeiting is a $Billion market. How to protect consumer safety and stem revenue losses facing honest manufacturers? The food, fashion, high tech products and automotive industries face similar challenges. Will Life Sciences solve it first? The experts speak. Eric Newmark, IDC: "The life science industry has dragged its feet for the last two decades with item-level serialization, keeping it in the dark ages, and positioning itself as an easy target for counterfeiters." Manish Tandon, InfoSys: "True glory takes root and spreads; all false pretenses, like flowers, fall to the ground – nor can any counterfeit last long" (Marcus Tullius Cicero). Joe Miles, SAP: "When the World Health Organization says 10 percent of the drugs in the world market are fake, I'd say it's a reasonable and educated guess..." (Roger Bate). Join us for Counterfeit Medical Products: Stop the Madness.

Transcript

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0:00.0

Brian Dean Wright here, former CIA operations officer and hosts of a daily news podcast called The Right Report, like the Wright brothers.

0:08.6

Each morning at 5 a.m. Eastern, I take you with me around America and around the world for news that you need to know.

0:14.5

But here's what's different about the Wright Report. I use news sources from the left like MSNBC and from the right, like Fox News.

0:21.7

I present that to you before I then make clear that I'm pivoting to my analysis and opinion of what to make of it all.

0:27.4

And that's important, separating facts and data from analysis and opinion.

0:31.5

In fact, that is exactly how a good intel officer does it.

0:34.5

We're trying to provide global secrets and assessments to the White House in what is called the President's Daily Brief, and that is why my podcast is so very different.

0:42.7

So join me and thousands of my listeners each and every day on The Wright Report.

0:46.8

You'll find it Monday through Friday at 5 a.m. Eastern on all major podcast platforms.

0:51.6

Once again, I'm Brian Dean Wright. I sure hope to see you tomorrow morning

0:54.9

with your daily presidential brief on The Wright Report.

1:09.7

Welcome to the most nutritious hour of business talk all week.

1:13.9

This is Coffee Break with Game Changers, presented by SAP.

1:17.9

The best run business is run SAP.

1:20.5

Your host and moderator is Bonnie D. Graham.

1:22.9

You'll hear from the innovators who have learned to use game-changing technologies to shake up the status quo

1:27.8

and help move today's businesses in new directions. Now, here's Bonnie D. Graham.

1:32.9

Welcome, welcome, welcome, and if you want to run with the game changers, you're in the right place.

1:38.1

Today's topic is so important. I don't think there's anybody anywhere in our listening audience

1:43.3

or who knows somebody in a listening

1:45.0

audience who is not impacted by this topic. So let me get started. The buzz today is counterfeits.

1:51.4

Okay. The saying quality has its price is especially true today for pharmaceutical drugs and medical

...

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