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Category Archives: Corporate Responsibility
Big Pharmas Mystery Market Segment
Just who are those “bottom billion” potential consumers in developing countries? A new report sheds some light.
Big Pharma’s future depends on tapping new sources of business opportunity. One segment on virtually everyone’s must do list is the “bottom billion”—poor consumers in the world’s poorer countries. Market analysis suggests that when the bottom billion’s potential purchasing [...]
Johnson & Johnson Slammed Over Manufacturing Practices, Phantom Recall
In 1982, Johnson & Johnson garnered an enduring amount of goodwill when, seemingly without any thought of lost profit, it immediately yanked Tylenol from the shelves nationwide after learning someone was slipping cyanide into bottles in Chicago. The company’s sure and swift PR response became the model for crisis management for the corporate world.
But in [...]
Posted in Corporate Responsibility Tagged Congressional hearing, FDA, House Oversight Committee, J&J, Johnson & Johnson, Manufacturing, McNeil, Motrin, phantom recall, recall, Tylenol 3 Comments
Novartis Employees Get $250 million Payout
A Federal jury in New York ruled against Novartis in a gender discrimination lawsuit, ordering the company to pay $3.36 million in compensatory damages to 12 women and $250 million in punitive damages to 5,600 others in one of the largest gender discrimination class actions in American history. The women charged that Novartis created a [...]
Also posted in Legal, Sales Tagged Class-action Suits, Compensatory Damages, Discrimination, Harrassment, Novartis, Punitive Damages, Sales Reps Leave a comment
First Chinese Product Development Partnership Targets Tuberculosis, Malaria, AIDS