Boiron
| Industry:pharma | ISIN:FR0000061129 | Country:FR | CRR:C+ |
Company Profile:
French Boiron is the world's largest producer of homeopathic drugs and other homeopathic products, holding a market share of 20%. More than 90% of the company's products are produced at two facilities near Lyon.
Strengths/weaknesses profile:
Strengths:
- revenue derived from the production and sale of homeopathic drugs
- use of certified non-GMO ingredients
Weaknesses:
- lack of transparency regarding standards of business ethics
Reasons for inclusion in the Index:
Boiron has implemented strict standards with regard to the extraction of raw materials, in particular ruling out the use of genetic modification; all agricultural production areas as certified as being GM-free. Furthermore, the medicinal plants it uses are checked for possible radioactive contamination.