GSK Fined Over Irregular Clinical Trial Processes

BMI Core View: Corporate social responsibility (CSR) is an underappreciated business activity in the pharmaceutical industry. Like all commercial entities, drugmakers are fully entitled to focus on the generation of profits and shareholder value. However, bad publicity, such as product recalls, inappropriate pricing in developing countries and dangerous production processes, means pharmaceutical companies are increasingly accountable to employees, governments, the environment and, most importantly, patients. Firms that do not embrace CSR will lose investors and underperform compared with their

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