This contractual, self-regulatory response to gray markets would ensure that ethical drugs in short supply are not price "churned" through the gray market distribution chain, but instead result in higher revenues for the manufacturers while ensuring the integrity and safety of the ethical drug supply chain and avoiding fallout from "price gouging" accusations against the gray markets.
The FDA needs to pursue market-based, self-regulatory solutions with stakeholders, such as industry associations, to take the next step in mitigating the issue of drug gray markets.
4 billion in profits each year owing to gray markets [AGMA and Deloitte 20111 The market fragmentation of the pharmaceutical market in Europe owing to very distinct national drug pricing schemes continues to create a lucrative market for gray marketers to "buy low--sell high" owing to distinct nationally regulated prices.
There are gray markets in all sectors ranging from tangible products (electronic components, heavy construction machinery) to intangibles (broadcast signals): and from ordinary consumer products (shampoo, light bulbs) to critical health care goods (pharmaceuticals, pacemakers).
April 13, 2011 /PRNewswire/ -- The number of gray market handsets sold across AME will remain steady through 2015, however the sharp increase in legitimate handset sales during that period will reduce the percentage of gray market handset units sold in AME to 13 percent, according to a new report from Pyramid Research (www.
In response to the gray market handsets, handset manufacturers are aiming for clever combinations to appeal to end users by providing affordable and simple phones, while staying more in touch with the usage realities of the African markets when coming up with relevant features," he adds.
In 2006, Motorola handsets sold to an Australian telco at a steep discount for a promotion were acquired by a gray market operator, who sold them in Asia.
Part of the reason gray market piracy exists is the complexity of the operating environment.
The new rules in Europe protect the rights of gray market dealers to buy cars for export.
If manufacturers get too aggressive in fighting the gray market in Canada and the U.
AGMA is driving a strategic initiative comprised of leading high technology companies committed to addressing the global impact of the gray market and counterfeiting of goods on the technology industry.
Our goal is to educate the industry about the gray market and its impact and develop industry best practices to mitigate the counterfeiting of branded technology products in order to reduce the potential harm counterfeits cause to customers, authorized distribution partners and the high tech industry as a whole," said Tidd.