News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

This article was first published 19 years ago
Rediff.com  » Business » 'Pharma cos must have a strict code'

'Pharma cos must have a strict code'

Source: PTI
February 08, 2005 15:32 IST
Get Rediff News in your Inbox:
Narcotics Control Bureau has asked pharma companies to evolve a voluntary code of conduct based on a "know-your-client principle" to prevent traffic of "illicit" medicines under the Narcotic Drugs and Psychotropic Substances Act to neighbouring countries.

"These are internationally accepted tools for minimising law enforcement interface with business entities," an NCB statement said in Mumbai on Tuesday. NCB has successfully implemented such a regime for controlling illegal trade in chemicals used in manufacture of narcotic drugs.

NCB also advised the chemists and druggists association that retail chemists are not so much a source of organised trafficking as the companies' appointed dealers, distributors and stockists.

4,000 drugs may vanish from market

"It has been felt that in a bid to maximise sales, companies land up engaging even persons of doubtful antecedents for distribution of highly addictive medicines," NCB said.

"Some of these elements are even said to be connected to Dubai-based drug trafficking groups," it said.

"There appears to be some misapprehensions about the nature of investigation and the law as it exists today. It is clarified that the NCB is targeting only those firms and personnel that have indulged in large-scale diversion of injections," NCB said adding that "the diversions are not taking place at the retail chemists level."

Get Rediff News in your Inbox:
Source: PTI© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
 

Moneywiz Live!