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          Business / Companies

          GSK case sounds alarm for foreign firms

          (Xinhua) Updated: 2014-05-16 13:15

          Patients and the government had to foot the bill for these expensive drugs. The health of patients might also be at stake as some doctors had the incentive to prescribe excessive amounts to get more kickbacks.

          GSK's practices eroded its corporate integrity and could cause irreparable damage to the company in China and elsewhere. The case is a warning to other multinationals in China that ethics matter. Increasingly attractive to foreign investors, more and more companies see China as their most important market.

          These investors should learn to respect the Chinese market, at the very least by providing quality products at reasonable prices, abandoning discrimination and honoring their due social responsibilities.

          For those profiteers, the market will eventually make its own choice.

          GSK revamps sales reps' compensation

          GSK denies it is considering leaving China

          GSK revamps sales reps' compensation

          Police reveals more about GSK China's violations

          GSK case sounds alarm for foreign firms

          GSK case sounds alarm for foreign firms

          GSK's China sales may be down 30% on bribery scandal

          Police reveals more about GSK China's violations 

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