Infographics

Our collection of infographics highlighting key numbers of the illicit economy.

Economic Consequences of IPR Infringements - Pharmaceutical Industry in the EU

Economic Consequences of IPR Infringements - Pharmaceutical Industry in the EU

The use of counterfeit pharmaceuticals and fake medicine can have negative effects on one’s health, and may even lead to death. IPR infringement in the Pharmaceutical industry in the EU also has massive economic consequences, a study by the European Union Intellectual Property Office (EUIPO) has revealed. Counterfeit pharmaceuticals can affect the health of consumers, but governments, businesses, and employees are not spared of the negative effects. Governments lost billions of euros and businesses lost tens of billions of euros in revenue annually. More than 90 thousand jobs are lost every year.

Industries: Pharma & Drugs
Country / Region: European Union

06/21/2017

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