
Egyptian startup Asly fights counterfeit vaccines to save lives and money
When Tamer Ahmed was a child, his three year-old sister died because she had been given a counterfeit vaccine. Years later, still reeling from the loss, he and his partners Mohamed Hal and Mohamed Al Mughni, launched Asly from Egypt in an attempt to ameliorate this region-wide problem. The startup Asly wants to “offer a radical solution to the problem of fake products, and make the MENA region the [safest] shopping place in the world.” This goal, without any doubt, is very ambitious, especially given the statistics. Ahmed tells me that around 50% of pharmaceuticals in the Arab world are fake; 40% in Saudi Arabia, more than 50% in Egypt, and between 20 and 25% in the UAE. These frauds not only lead to needless deaths, especially in the case of fake malaria pharmaceuticals, but they also cause financial losses for pharmaceutical companies
http://www.wamda.com/2014/03/could-a-mobile-service-offer-a-solution-to-counterfeit
Related Posts
Illegal medicines seized in police raids in Bury and Manchester
The drugs, which included painkillers and antidepressants, were found at storage...
Counterfeiting takes toll on economy
The business community has called for closer collaboration with regulatory...
PNG Customs clamp down on smuggling racket in Port Moresby involving millions of kina
The PNG Customs Service (PNGCS) has detained a large number of foreign...
GRP steps up drive against liquor smuggling
The special drive of the Government Railway Police (GRP) against inter-State...