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Grey Market

Meaning

The Grey Market, in the context of pharmaceuticals and hormonal health, refers to the unauthorized but not strictly illegal distribution channel for prescription medications, often involving products diverted from legitimate supply chains in other countries or sold without a valid prescription. This market exists outside the manufacturer’s authorized distribution network but is distinct from the entirely illegal Black Market, which deals in counterfeit or stolen goods. Clinically, products from this source pose a significant risk due to uncertain quality, potency, and storage conditions.