GenScript Biotech Partners with PSCI for Sustainable Growth

GenScript Biotech's Partnership with PSCI

GenScript Biotech Corporation has made significant progress by becoming a Supplier Partner of the Pharmaceutical Supply Chain Initiative (PSCI). This partnership is a significant step in the company's journey toward fulfilling its social responsibility and promoting sustainable growth within the healthcare industry.

Understanding PSCI's Mission

PSCI is a prominent organization dedicated to improving the pharmaceutical supply chain's overall integrity and performance. Its primary focus is to address challenges and bolster ethical practices concerning human rights, labor, health, safety, and environmental management in the industry. By encouraging collaboration across various sectors, PSCI effectively promotes Environmental, Social, and Governance (ESG) principles among its members.

GenScript’s Commitment to Ethical Practices

Sherry Shao, the rotating CEO of GenScript Biotech Corporation, expressed excitement about this new partnership. She emphasized that GenScript is dedicated to innovation and progress across its four key business areas: life sciences services, biologics contract development and manufacturing, industrial synthetic products, and cell therapy. This alliance showcases the company’s commitment to ethical labor practices, health and safety protocols, and environmental sustainability.

Integration of PSCI Principles

GenScript is fully committed to the principles promoted by PSCI, embedding them into its supply chain management system. This integration allows the company to conduct thorough assessments of its suppliers, ensuring they practice responsibly and sustainably. This commitment not only enhances compliance but also contributes positively to the overall sustainability of the supply chain.

Benefits of Joining PSCI

Through its membership in PSCI, GenScript aims to uphold elevated standards of ESG practices within its operations. The company recognizes the importance of fostering collaboration with global customers, ensuring that its partnerships are built on shared goals and values. By standing at the forefront of responsible supply chain management, GenScript is poised to make a significant impact in the pharmaceutical sector.

About GenScript Biotech Corporation

Founded in 2002, GenScript Biotech Corporation plays a crucial role in driving healthcare innovation. It serves researchers and businesses, providing essential tools for developing cutting-edge treatments and products. With a mission focused on enhancing health through biotechnology, GenScript has grown to employ over 5,000 individuals and has successfully served more than 200,000 customers worldwide.

Frequently Asked Questions

What is the Pharmaceutical Supply Chain Initiative (PSCI)?

PSCI is an organization focused on fostering responsible supply chains in the pharmaceutical and healthcare industries, addressing ethical, labor, environmental, and health standards.

Why did GenScript Biotech join PSCI?

GenScript joined PSCI to strengthen its commitment to sustainability and ethical practices within the pharmaceutical industry.

What are some areas of focus for PSCI?

PSCI focuses on ethics, human rights and labor conditions, health and safety, environmental management, and overall supply chain performance.

How does GenScript enhance supplier assessments?

GenScript integrates PSCI principles into its supply chain management to perform comprehensive assessments of suppliers, ensuring responsible practices are followed.

What is GenScript's mission?

GenScript's mission is to make people and nature healthier through biotechnology by providing groundbreaking research tools and services across the globe.

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