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...price tag for drug trials in China can be one-tenth that in the U.S. or Europe, says Chen Li, medical director at the Shanghai-based firm KendleWits, which facilitates drug trials for major drug companies. Plus, she says, "patients are less likely to have been previously exposed to other medicines" that could alter results...
...guaranteeing product safety, patients' health (What happens to them when the trial ends?) and intellectual-property protection. Authorities arrested 774 people in August and September as part of a crackdown on the sale of tainted food, drugs and agricultural products. Two-thirds of multinational drug companies told the consulting firm PricewaterhouseCoopers in a recent survey that they remained concerned about both IP protection and corruption in China...
...years ago, Dr. Daniel Vasella, the Swiss CEO of pharmaceutical giant Novartis, told an American interviewer that his firm was going to have to spend a lot more time talking to NGOs. The journalist's response: "What's an NGO?" Let's hope he knows now. NGOs--nongovernmental organizations--have won significant influence over global companies. The demonstrations against global capitalism at the G-8 summit in Genoa were the latest manifestation of a trend that--mostly quietly and behind the scenes--is defining our age. From Home Depot (criticized for its use of tropical hardwoods) to Starbucks (attacked...
THINK GLOBALLY. THE ACTIVISTS DO. Bloomgarden says the Internet makes it possible to "organize a global community around a certain issue in a split second." In particular, if you're an American firm, listen to what your European divisions and partners say. Many of tomorrow's issues, particularly in the fields of environmentalism and international human rights, get an airing in Europe before they do in the U.S. Amadi observes that most European companies have a broader view of who their stakeholders are; American ones often concentrate solely on their stockholders. Secrett fingers Monsanto, once a world leader in biotechnology...
...Sarkozy's policies. French college students are already staging protests over approved university reform they want rescinded, while thousands of members of France's judicial system will march Nov. 29 to denounce proposed reorganization. Given that rising and potentially unifying resistance to reform, government officials believe they must stand firm against these unions leading Wednesday's strikes...