This blog provides information on how U.N. Global Compact participants' walk the talk. The GC is a voluntary initiative at the strategic level to engage businesses towards sustainability principles. There is however a risk of 'blue-washing' by covering up corporate misbehaviour and law infringement from large MNEs through poorly enforced 'Integrity Measures' and weak U.N supervision. Let's 'WE', civil society stay tuned!
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Thursday, April 25, 2013
US sues pharmaceutical firm Novartis in NY, accusing it of prescription drugs kickback scheme
The U.S. government sued Novartis Pharmaceuticals Corp. Tuesday, claiming it gave kickbacks to pharmacies to switch kidney transplant patients from competitors’ drugs to its own.
More on the Washington Post.
Novartis International AG (NOVN:SIX Swiss Ex)(NVS:New York) is a Global Compact participant and "Founding Father" since 2000/07/26. Novartis was a LEAD contributor (USD $65,000 +) to the Foundation of the Global Compact in 2012, and USD 10,000 contributor in 2010.
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