PISCATAWAY, N.J., Jan. 7, 2025
/PRNewswire/ -- GenScript Biotech Corporation, a global leader in
life sciences research and manufacturing services, has officially
joined the Pharmaceutical Supply Chain Initiative (PSCI) as a
Supplier Partner. This milestone marks significant progress in
GenScript's journey of fulfilling its social responsibility and
advancing sustainable development, while underscoring the company's
commitment to building a healthier, greener, and more ethical
industry ecosystem.
PSCI is a leading global association dedicated to fostering
responsible value chains in the pharmaceutical and healthcare
industries. Its core mission is to address challenges within the
pharmaceutical supply chain and enhance performance in areas such
as ethics, human rights and labor, health and safety, environment
and related management systems. Through cross-industry
collaboration, PSCI drives its partners toward achieving excellence
in ESG (Environmental, Social, and Governance) performance. PSCI's
Principles for Responsible Supply Chain Management, along with its
implementation guidelines and assessment tools, are widely
recognized and respected across the global pharmaceutical
sector.
"As a responsible global enterprise in life sciences and
biotechnology, GenScript is honored to become a PSCI Supplier
Partner," said Sherry Shao, rotating
CEO of GenScript Biotech Corporation. "Across our four key business
areas—life sciences services and products, biologics contract
development and manufacturing (CDMO), industrial synthetic
products, and cell therapy—we are committed to driving innovation
and progress, empowering the healthcare value chain. This partnership reflects our
unwavering dedication to ethical practices, labor rights, health
and safety, and environmental sustainability. By embedding PSCI
principles into our operations, we aspire to work alongside our
partners to enhance supply chain outcomes in social, health,
safety, and environmental aspects, collectively shaping a more
sustainable and responsible future for the global healthcare
industry."
GenScript adheres fully to the PSCI principles in advancing
responsible supply chain management, encompassing core principles
of environment, ethics, labor, health and safety, and management
systems. These principles are deeply integrated into GenScript's
supply chain management system, allowing for comprehensive
multi-dimensional assessments of suppliers to ensure they practice
responsible operations, thereby enhancing the compliance and
sustainability of the supply chain.
Through its membership in PSCI, GenScript will uphold higher ESG
standards in its operations and supply chain management. The
company will continue to deepen collaboration with global customers
across diverse regulatory environments, solidifying long-term
partnerships with its global network of collaborators.
About GenScript Biotech Corporation
Founded in 2002 in New Jersey,
GenScript Biotech Corporation accelerates innovation in healthcare
and consumer goods by providing researchers and companies with the
building blocks needed to develop groundbreaking treatments and
products. Guided by its mission to Make People and Nature Healthier
Through Biotechnology, and its role as a trusted global leader,
GenScript has a team of over 5,000 employees and has served more
than 200,000 customers across 100 countries.
Learn more here: https://www.genscript.com
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SOURCE GenScript Biotech Corporation
