US prosecutors are charging a Canadian pharmacy website with smuggling, money laundering, and conspiracy after it allegedly sent millions of dollars worth of counterfeit medications, including fake cancer drugs, to American doctors.

A Montana grand jury returned an indictment against the Winnipeg-based canadadrugs.com last year, the Associated Press reported, but the case against 14 defendants was sealed until now.

The indictment alleges that the company, along with its affiliates in Barbados and the UK, sold cheap foreign versions of lifesaving drugs, which were not approved by the Food and Drug Administration (FDA). Some of those drugs were mislabeled or improperly stored, or imported under falsified customs declarations, according to the Associated Press.

The total value of the questionable medications could be as high as $78 million.

To read the full article click here:

https://news.vice.com/article/a-canadian-pharmacy-is-accused-of-selling-counterfeit-cancer-drugs-to-us-doctors

 

iTRACE Technologies, a global leader in secure anti-counterfeiting and supply chain security solutions, is pleased to announce the appointment of Gary Nelson as the Director of Business Development PALO ALTO, Calif., Dec. 27, 2023 /PRNewswire-PRWeb/ — iTRACE Technologies, a global leader in secure anti-counterfeiting and supply chain security solutions, is pleased to announce the appointment of Gary Nelson as the Director […]

FOR IMMEDIATE RELEASE iTRACE Technologies Announces Kieran Guller as Chief Technology Officer Palo Alto CA, June 10th 2023 – iTRACE Technologies, a leading provider of secure anti-counterfeiting and supply chain security solutions, is delighted to announce the appointment of Kieran Guller, as its new Chief Technology Officer (CTO). Guller brings a wealth of expertise and […]

iTRACE featured on the Identiv podcast Season 1 Episode 29 on August 18th. We’re talking with Mark Manning, Founder and CEO of iTRACE Technologies, a Silicon Valley company specializing in supply chain security. Mark takes our listeners on a journey that breaks down blockchain, cryptocurrency, and NFTs, making the technologies accessible to all. https://www.identiv.com/resources/podcasts/building-blockchain-crypto-and-nfts-s1e29

AIM Congratulates 2022 Case Study Winners Recognizing innovators of digital technologies that deliver exceptional traceability results Taking the win for the Blockchain category is iTRACE Technologies, Inc.. Their case study featured a large US based aircraft equipment manufacturer in the used and refurbished parts business. The customer realized including parts provenance data with the parts […]