Applied DNA Sciences Inc (APDN)

[TheyCallMeBruce]

I cant (yet) find where I read it about Dr. H's personal motivation to attack the counterfeit drug problem but I remember it being an issue that has affected him personally. The pharma counterfeit target goes way back with him:

(this is years old article)

SecurityStockWatch.com: Are there any other subjects you’d like to discuss?

James Hayward: The pharmaceutical industry also faces major problems relative to counterfeit, diluted or falsely labeled drugs that make their way through healthcare systems worldwide. Pharmaceutical counterfeiting and piracy impact the health and well being of consumers globally. Incidents involving counterfeit drugs have spiked in recent years with estimates of 10 percent of all prescription drugs believed to be counterfeit. These figures are higher in other parts of the world and for drugs ordered over the internet. The pharmaceutical industry loses an estimated $32 billion per year to counterfeiting globally. The Center for Medicine in the Public Interest estimates that counterfeit drug commerce will grow 13% annually through 2010 nearly twice the rate of legitimate pharmaceuticals. They further predict that counterfeit drug sales will reach $75 billion globally in 2010. The World Health Organization estimates that the prevalence of counterfeit pharmaceuticals ranges from less than 1% in developed countries to over 30% in developing countries and over 50% from illicit websites. Columbia University’s National Center on Addiction and Substance Abuse reports that only 11% of internet pharmacies are legitimate. Again, the headlines are full of horror stories as a result of individuals taking counterfeit drugs. As with counterfeit documents, the counterfeiters rely on sophisticated criminal networks to infiltrate legitimate supply chains. These criminals have no regard for health, safety or human life and will stop at nothing to make a quick buck at someone else’s expense. APDN regards the protection of consumer health and safety via authentication with SigNature DNA Markers as a top priority of the company.

http://www.securitysolutionswatch.com/Interviews/in_Boardroom_ADPN.html