Three listed Chinese drugmakers, whose investors include or use some of the world's biggest banks, used parts of endangered animals as ingredients in their products, an environmental group said in a report published Monday. The London-based Environmental Investigation Agency (EIA) urged investors in Beijing Tong Ren Tang group, Tianjin Pharmaceutical group and Jilin Aodong Pharmaceutical Group to divest their stakes. Beijing Tong Ren Tang and Tianjin Pharmaceutical group did not respond to Reuters' emails or calls seeking comment.
Three publicly traded Chinese drugmakers which count global banks such as UBS and HSBC as investors have used parts of endangered animals as ingredients in their products, an environmental group said. In a report published Monday, the London-based Environmental Investigation Agency urged global investors in the three firms - Beijing Tong Ren Tang group, Tianjin Pharmaceutical group and Jilin Aodong Pharmaceutical Group - to divest their stakes. The three companies are among a list of 72 firms the environmental non-profit organisation (NGO) said used body parts of threatened leopards and pangolins as ingredients in at least 88 traditional Chinese medicine (TCM) products.