Pfizer donates first $5M in Russian profits since the war started to help Ukrainians
Pfizer is taking a novel tactic in its approach to the Russian war against Ukraine as CEO Albert Bourla told staffers on Wednesday that the company is putting its first $5 million in Russian profits toward eight global and local NGOs to support humanitarian relief and response efforts in Ukraine.
“We will continue to divert these profits to the Ukrainian people until peace is achieved. Until that time, we also stand firm in our decision to cease all our clinical trials in Russia and to halt all investments in local manufacturing,” Bourla wrote to colleagues.
Unlock this article instantly by becoming a free subscriber.
You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.