Counterfeiting is an enormous and increasingly growing industry estimated at $600 billion each year. Counterfeit medicine alone accounts for $200 billion.
Sproxil's mission is to work with organizations and industries to provide technology solutions that improve the quality of life of individuals and societies.
Sproxil's vision is to empower consumers and improve societal well-being through technology solutions.
Counterfeit medicine is a dangerous, multi-billion dollar problem that plagues patients, regulatory bodies, and the global health care industry. Fake anti-malarial and Tuberculosis drugs alone account for over 700,000 reported annual deaths.
The issue is worse in emerging markets, where limited oversight and access to resources create opportunities for counterfeiters to profit from the lives of others.
Meanwhile, mobile phone technology continues to enjoy increasing popularity, especially in emerging markets. How could we take such a positive trend and use it to address a global problem?
We founded Sproxil in 2008 to empower consumers to help combat drug counterfeiting with a simple text message.
Our award-winning Mobile Product Authentication™ (MPA™) technology ensures that consumers buy only genuine medicine.
While our solution continues to garner success in the pharmaceutical industry, the wide-ranging applicability of our technology supports greater brand protection and marketing initiatives in multiple industries. We now protect products in over ten industries, including beauty & personal care, FMCG, electrical goods, automotive, oil & gas, and agribusiness.
We have operations in five countries across three continents and through our client partnerships, we continue to expand our reach to more consumers around the world. For more information on our reach, visit our Markets page.