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A report from the European Union Intellectual Property Office (EUIPO) has said ‘counterfeit’ drugs cost the EU pharmaceutical industry €16.5 billion.
The pharmaceutical was the hardest hit industry after the clothing, footwear and accessories industry which lost €45.9 billion in sales on average, each year between 2012 and 2016.
The €16.5 billion annual loss is estimated to a total of 80,459 jobs overall, 33,133 of which were directly related to the proliferation of counterfeit drugs.NEXT ARTICLE
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