Healthy Skepticism Library item: 13334

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Publication type: news

Good year for GSK giving
PMLive.com 2008 Mar 25
http://www.pmlive.com/index.cfm?showArticle=1&ArticleID=6590

Full text:

GlaxoSmithKline (GSK) revealed on March 19 that its total charitable outgoings reached £282m in 2007, which amounts to almost 4 per cent of its pre-tax profits.

Donations of GSK medicines and equipment were given in support of health and education programmes in 100 countries.

Total GSK product donations were valued at £224m (a further £3m on equipment) with an additional £41m spent on cash giving.

JP Garnier, CEO of GSK, said: “I want GSK to be part of global healthcare solutions, not only through our medicines and vaccines, but also through our public health programs and work with communities.”

“Our partnerships offer more than a helping hand; they are transforming the lives and prospects of people all over the world,” he added.

The US Patient Assistance Program (PAP) in the US reaped the greatest benefit from GSK’s charitable output, garnering £194m worth of products donated to low-income patients.