January 10, 2006
RFID heats up Pharma industry
The pharmaceutical industry is experiencing the implementation of RFID with it being adopted by Pfizer and West Pharmaceutical Services. FDA has already released the guidelines and recommendations for implementing RFID in America in order to prevent counterfeit drugs. With around 10 billion units being shipped from drug manufacturers to doctors, hospitals and pharmacies in the United States and Europe, the potential for application of RFID in the pharmaceutical industry is tremendous. With Pfizer spending $ five million on RFID and other drug companies also investing in implementing it, there is bound to be a drastic drop in counterfeit drugs cases.
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