Pfizer plans to donate all its proceeds from a Russian subsidiary to support humanitarian causes in Ukraine.
On Monday, the company announced that it'd continue to supply medicine to Russia. Still, it'll be donating all profits of its Russian subsidiary to causes that"provide direct humanitarian support to the people of Ukraine."
Pfizer added that they'd no longer conduct new clinical trials in Russia and will stop recruiting new patients in any ongoing clinical trials. "These decisions align with our patient-first values and ensure that every dollar of profit derived from Russia will strengthen Ukraine and its people as they continue to valiantly defend their nation and freedom from this unprovoked and unjustified attack," the company said in a press release.
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Pfizer Will Donate All Russian Profits To Ukrainian Relief EffortsI am a London-based reporter for Forbes covering breaking news. Previously, I have worked as a reporter for a specialist legal publication covering big data and as a freelance journalist and policy analyst covering science, tech and health. I have a master’s degree in Biological Natural Sciences and a master’s degree in the History and Philosophy of Science from the University of Cambridge. Follow me on Twitter theroberthart or email me at rhartforbes.com
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