CSR News Stories
A new league table looking at socially responsible practices amongst workplace pension schemes has named the BBC and BT for having the most active approach to looking at the social and environmental impact of their investments. On the flip side, Rolls Royce and GlaxoSmithKline were shamed as laggards in this area.
Andrew Witty, CEO of global pharmaceutical giant GlaxoSmithKline, has expressed his regret over the unacceptable practices of the past which led to the company receiving a record $3bn fine in the US for selling drugs for unapproved uses amongst other breaches.
Several major pharmaceutical companies have announced major cuts in the price for their vaccines in the developing world ahead of a conference in London.
The Justice Department has charged a former vice president of pharmaceutical giant GlaxoSmithkline with obstructing an investigation into illegal marketing of the company's drug Wellbutrin. The move is attracting attention because it signals a shift in government focus from suing the companies to one that targets individual executives.
Following biting criticism of its conduct by the Senate finance committee, GlaxoSmithKline is facing a possible flood of lawsuits - as many as 13,000 - with a potential combined liability of $6bn.
GlaxoSmithKline has said that it will aim to keep prices for its planned malaria vaccine low - taking only a five percent profit on manufacturing costs - in order to make it available to poor communities where it is needed. The company has also put into the public domain thousands of potential drugs that might help spark future non-profit research into the disease.
Pharmaceutical giant GlaxoSmithKline has said that it is to give South African firm Aspen the rights to manufacture HIV drug abacavir royalty-free as part of its drive to get medicines more accessible to the poor.
Swiss pharmaceutical group Novartis drew unfavourable comparisons with its competitors GlaxeSmithKline and Sanofi by saying it would not donate swine flu vaccine to the World Health Organisation for poorer nations in the event of it making the breakthrough.
The new CEO of pharmaceutical giant GlaxoSmithKline, Andrew Witty, has said that the company will slash prices on all medicines in the poorest countries, give back profits to be spent on health care, and shake up the patent protection covering potential drugs that could be developed.
From January 1st, the US pharmaceutical industry is observing a voluntary end to the distribution of branded office items to doctors. The items, ranging from mugs and pens through to items such as computer flash drives and laser pointers, were criticised as representing the industry's attempt to influence which drugs get prescribed.
UN Secretary General Ban Ki-moon has said that some of the top pharmaceutical firms have promised to make greater investments in research for treatments for AIDS with particular focus for poorer regions.
GlaxoSmithKline has been granted EU approval for a new vaccine designed to combat the feared outbreak of a human-spread variant of the H5N1 bird influenza.
The Health Sciences Authority in Singapore has urged drug companies there to practice responsible marketing in how drugs are promoted to the public.
GlaxoSmithKline and AstraZeneca have been approached by the UK's Serious Fraud Office following allegations of bribes paid to secure contracts in breach of Iraq's oil for food programme.
Pharmaceutical companies are failing the communities they serve by their lack of collabroation over combination drugs, according to a new assessment by the Interfaith Centre on Corporate Responsibility (ICCR).
Hundreds of Thais laid seige to GlaxoSmithKline's office in Bangkok to protest an application the company has put in for a patent on an AIDS drug that it is feared will raise costs.
GlaxoSmithKline has said that it believes it has developed a vaccine for the deadly strain of bird flu that may be able to be mass produced by next year.
A new report by Consumers International has accused top European pharmaceutical companies of using irresponsible marketing to promote their products.
GlaxoSmithKline has settled the lawsuit against it around accusations that it concealed studies showing that its drug Paxil had problems. The company has agreed to disclose information on all clinical studies of its drugs.
The Pharmaceutical Research and Manufacturers of America (PhRMA) has launched new guidelines that call for the release of data from clinical trials, regardless of whether the results are favourable to the company commissioning the trials.
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In a recent article, the BBC's economics editor Robert Peston highlighted the fact that in 2012 the chances are that the economy - punch drunk as it is from the various flavours of debt crisis it has been pummelled with over the course of the year - will be hit by the collapse of a major bank and / or government.