Pharmaceutical fraud
Pharmaceutical Fraud (pronunciation: /ˌfɑːrməˈsjuːtɪkəl frɔːd/) is a type of Healthcare Fraud that involves dishonest or illegal activities related to the manufacturing, promotion, and sale of Pharmaceutical Drugs.
Etymology
The term "Pharmaceutical Fraud" is derived from the words "Pharmaceutical", which comes from the Greek word "Pharmakeia" (meaning "drug"), and "Fraud", which originates from the Latin word "Fraus" (meaning "deceit").
Definition
Pharmaceutical Fraud refers to any deceptive practice in the pharmaceutical industry that is intended to manipulate the market for a drug or to deceive consumers or healthcare providers. This can include practices such as Off-label Marketing, Counterfeit Drugs, Price Gouging, and Kickbacks to healthcare providers.
Related Terms
- Off-label Marketing: The promotion of pharmaceutical drugs for uses that have not been approved by the Food and Drug Administration (FDA).
- Counterfeit Drugs: Fake or imitation drugs that are designed to deceive consumers into thinking they are purchasing legitimate, FDA-approved medications.
- Price Gouging: A practice where drug manufacturers increase the prices of their drugs to levels that are considered excessive or not justified by the cost of production or research.
- Kickbacks: Illegal payments made in return for referrals or other business.
See Also
External links
- Medical encyclopedia article on Pharmaceutical fraud
- Wikipedia's article - Pharmaceutical fraud
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