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.

3. Demand Regulatory Documents: Always request essential documents like Drug License for the supplier, Manufacturing License for the manufacturer, and Product Approval certificates. Verify their authenticity with the issuing authorities.

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.

At Fibovil Pharmaceuticals Pvt. Ltd., we're committed to providing genuine, high-quality medications to our valued partners. Unfortunately, the presence of spurious drugs poses a significant threat to public health and your business integrity.

 

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.