Reduce anticounterfeit medicines with a tracking system

 Reduce anticounterfeit medicines with a tracking system 

Counterfeit medicines are a threat to the healthcare sector. These medicines look very similar to the original medicine and are therefore consumed unknowingly by many innocent people. Track and Trace solutions Counterfeit medicines contain harmful constituents which cause side effects like nausea, vomiting, and diarrhea. Still, the business is rapidly growing at the rate of 20% every year. 

The cause of growth in the sales of counterfeit is due to high drug demand, low supply rate, low prices of the drugs, hoarding culture, and easy availability of fake drugs. With a drug track and trace system, the drug manufacturer will get real-time details about the location of the package. It is expected that with a track and trace system, hoarding of medicines. With business intelligence, your company will be able to have better quality control which will in turn enhance the brand’s reputation. This will result in customer retention and help in cost reduction. medGrids have developed an NFT-enabled drug track and trace system called medSure which provides a single QR code for track and trace of drugs.