ABU DHABI // All medicines in the capital could soon be marked with high-tech barcodes to try to stamp out the huge market in counterfeit drugs.
The Health Authority-Abu Dhabi (HAAD) plans to use the system to track and trace the supply and distribution of legitimate medicines.
An estimated Dh1.4 billion is spent on pharmaceuticals each year in the UAE. Although precise figures are difficult to come by, globally it is estimated that fake drugs worth about 10 per cent of the legitimate market are seized each year.
Dr Mohammed Abuelkhair, the head of drug regulation at HAAD, said the new system could be in place early next year. If it is a success, he said, HAAD would present its findings to the federal Ministry of Health.
"The barcode is placed on every package of medicine," he said. "All the medicines that comes into the country goes to the agent, and before it leaves the agent it will be barcoded with a special, unique, code, then it goes to the pharmacies."
Distributing agents would have to liaise with the authority to work out what barcodes they would need.
Every box of medicine will come with a randomly selected number and barcode containing information about the manufacturer, batch number and expiry dates. It will also include information such as dose and strength.
Dr Abuelkhair said: "The pharmacies can use the barcode for point-of-contact sale, but also to verify that the medicine is genuine.
"And the patient can go home with the packet, dial a number, and, using the code on the box it will tell him about the medicine so he knows whether it is real or fake."
It would be almost impossible for counterfeiters to forge the numbers because they would be randomly selected and unique to each packet.
If they did try, he said, it would trigger an alarm when the genuine number is scanned by a pharmacy at the point of sale.
Dr Abuelkhair said the risks of taking fake medicines ranged from antibiotic resistance to death, depending on the ingredients.
A series of raids in Egypt in 2008 found counterfeit medicines valued at hundreds of millions of dollars and "exposed a criminal network feeding consumers across the Middle East", according to the World Health Organisation.
The Center for Medicine in the Public Interest, which is based in the US, estimates that global counterfeit drug sales could reach US$75 billion (Dh275bn) this year.
In May, Dubai Customs seized seven million sexual stimulant and fertility drug tablets from a warehouse in the dry port, estimated to be worth as much as $70m.
Yasar Yaman, the regional director of global security at Pfizer, which makes the male impotence drug Viagra, said the company had found fake medicines made in "rodent and pest-infected" laboratories.
Around 40 Pfizer medicines are known to have been counterfeited.
Mr Yaman, who is based in Dubai, said: "We've also seen supposedly 'sterile' injectables filled with ordinary tap water in bathrooms." Ingredients have included brick dust, antifreeze, paint, arsenic, plaster and wallboard.
Since 2004, more than 58 million counterfeit Pfizer tablets, capsules and vials have been seized.
In the UAE the company has identified fake versions of Lipitor, used to treat high cholesterol, and Viagra. Mr Yaman said he recognised that these may only be the tip of the iceberg.
Dr Abuelkhair said it was often difficult to tell how fake medicines entered the market. Some may come in the mail as private packages, others are sold by wholesalers.
As counterfeiting grows more sophisticated, it is becoming increasingly difficult to spot a fake without testing it in a laboratory.
Ashley How, a UK-based member of the Pharmaceutical Security Initiative, a non-profit anti-counterfeiting initiative, said the packaging was particularly hard to tell apart from that of legal medicines.
"It is so similar to the genuine packaging, a system of authenticating the genuine from the counterfeit is essential," he said.
"At the pharmacy level it's the pharmacist that has the last bit of real control over that individual package before it's handed to the patients."
Mr How said a system was required that would allow pharmacists to check authenticity by quickly scanning the package.
munderwood@thenational.ae
UAE currency: the story behind the money in your pockets
Five famous companies founded by teens
There are numerous success stories of teen businesses that were created in college dorm rooms and other modest circumstances. Below are some of the most recognisable names in the industry:
- Facebook: Mark Zuckerberg and his friends started Facebook when he was a 19-year-old Harvard undergraduate.
- Dell: When Michael Dell was an undergraduate student at Texas University in 1984, he started upgrading computers for profit. He starting working full-time on his business when he was 19. Eventually, his company became the Dell Computer Corporation and then Dell Inc.
- Subway: Fred DeLuca opened the first Subway restaurant when he was 17. In 1965, Mr DeLuca needed extra money for college, so he decided to open his own business. Peter Buck, a family friend, lent him $1,000 and together, they opened Pete’s Super Submarines. A few years later, the company was rebranded and called Subway.
- Mashable: In 2005, Pete Cashmore created Mashable in Scotland when he was a teenager. The site was then a technology blog. Over the next few decades, Mr Cashmore has turned Mashable into a global media company.
- Oculus VR: Palmer Luckey founded Oculus VR in June 2012, when he was 19. In August that year, Oculus launched its Kickstarter campaign and raised more than $1 million in three days. Facebook bought Oculus for $2 billion two years later.
Company%20Profile
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Moon Music
Artist: Coldplay
Label: Parlophone/Atlantic
Number of tracks: 10
Rating: 3/5
COMPANY%20PROFILE%20
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MATCH INFO
Burnley 0
Man City 3
Raheem Sterling 35', 49'
Ferran Torres 65'
COMPANY%20PROFILE
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COMPANY%20PROFILE
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The National Archives, Abu Dhabi
Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.
Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en
Know your Camel lingo
The bairaq is a competition for the best herd of 50 camels, named for the banner its winner takes home
Namoos - a word of congratulations reserved for falconry competitions, camel races and camel pageants. It best translates as 'the pride of victory' - and for competitors, it is priceless
Asayel camels - sleek, short-haired hound-like racers
Majahim - chocolate-brown camels that can grow to weigh two tonnes. They were only valued for milk until camel pageantry took off in the 1990s
Millions Street - the thoroughfare where camels are led and where white 4x4s throng throughout the festival
Results
Stage 7:
1. Caleb Ewan (AUS) Lotto Soudal - 3:18:29
2. Sam Bennett (IRL) Deceuninck-QuickStep - same time
3. Phil Bauhaus (GER) Bahrain Victorious
4. Michael Morkov (DEN) Deceuninck-QuickStep
5. Cees Bol (NED) Team DSM
General Classification:
1. Tadej Pogacar (SLO) UAE Team Emirates - 24:00:28
2. Adam Yates (GBR) Ineos Grenadiers - 0:00:35
3. Joao Almeida (POR) Deceuninck-QuickStep - 0:01:02
4. Chris Harper (AUS) Jumbo-Visma - 0:01:42
5. Neilson Powless (USA) EF Education-Nippo - 0:01:45
COMPANY%20PROFILE
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Graduated from the American University of Sharjah
She is the eldest of three brothers and two sisters
Has helped solve 15 cases of electric shocks
Enjoys travelling, reading and horse riding
How will Gen Alpha invest?
Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.
“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.
Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.
He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.
Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”
ADCC AFC Women’s Champions League Group A fixtures
October 3: v Wuhan Jiangda Women’s FC
October 6: v Hyundai Steel Red Angels Women’s FC
October 9: v Sabah FA
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
The biog
Mission to Seafarers is one of the largest port-based welfare operators in the world.
It provided services to around 200 ports across 50 countries.
They also provide port chaplains to help them deliver professional welfare services.
The biog
Name: Younis Al Balooshi
Nationality: Emirati
Education: Doctorate degree in forensic medicine at the University of Bonn
Hobbies: Drawing and reading books about graphic design
World ranking (at month’s end)
Jan - 257
Feb - 198
Mar - 159
Apr - 161
May - 159
Jun – 162
Currently: 88
Year-end rank since turning pro
2016 - 279
2015 - 185
2014 - 143
2013 - 63
2012 - 384
2011 - 883
Joker: Folie a Deux
Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson
Director: Todd Phillips
Rating: 2/5
Everton%20Fixtures
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