Tips to safe yourself from fraudulent suppliers
Safeguard Your Business and Patients: Protecting Against Spurious Drugs in the Pharma Industry
We've witnessed situations where our customers, unknowingly trapped by the lure of low prices, fall victim to fraudulent suppliers pushing counterfeit medication. This not only puts patient well-being at risk but also damages your reputation and business stability.
To empower you against
such dangers, we present a crucial checklist to safeguard yourself from buying
spurious drugs:
1. Partner with Reputable Suppliers:
Choose established companies with a proven track record and ethical commitment.
Verify their longevity, local or reputed manufacturing units, and association
with credible regulatory bodies.
2. Steer Clear of
Middlemen: Direct purchases from the marketing company eliminate the
risk of tampered or unauthorized products. Opting for middlemen increases
vulnerability to fraudulent practices.
4. Scrutinize
Certificate of Analysis (COA): Insist on COA reports
accompanying every product purchase. These reports verify the ingredients,
purity, and quality of the medication, ensuring adherence to prescribed
standards.
5. Beware of
Underpricing: Don't let greed cloud your judgment. Be wary of products
offered significantly below market value, as this could be a red flag for
counterfeiting.
6. Address
Discrepancies: Verify the supplier's business address against the one
mentioned in their drug license. Any discrepancies warrant thorough
investigation and possible termination of the partnership.
7. Independent Product
Testing: Consider random product testing by independent
laboratories for added peace of mind. This provides an extra layer of assurance
regarding the product's authenticity and quality.
8. Due Diligence is Key: Don't
hesitate to conduct thorough due diligence on potential partners. Research
their history, reputation, and past associations to make informed decisions.
By adhering to these
safeguards, you can protect your business, your patients, and the integrity of
the pharmaceutical industry. Remember, compromising on quality puts everyone's
health and well-being at stake.
Choose wisely, choose
Fibovil. At Fibovil, we stand for genuine
partnerships built on trust, transparency, and a commitment to quality
healthcare.
Become a Fibovil
franchise partner and join us in ensuring access to safe and effective
medication for all.
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