# GlaxoSmithKline chooses three charities to support

- Link: https://fundraising.co.uk/2011/05/26/glaxosmithkline-chooses-three-charities-support/
- Published: 2011-05-26T11:00:04+01:00
- Author: Howard Lake

GlaxoSmithKline (GSK) has formed a partnership with three NGOs as part of its commitment
to reinvest 20% of profits made in the Least Developed Countries (LDCs) back into
projects that strengthen the healthcare infrastructure in those countries. It has
selected AMREF in East and Southern Africa, CARE International UK in Asia Pacific,
and Save the Children in West Africa.

 

The objective of the partnerships is to improve health outcomes by supporting frontline
health workers operating in these countries. It chose the charities for their expertise
in accessing and supporting healthcare workers operating in these challenging rural
and marginalised communities.

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GSK currently supplies medicines to 37 of the 48 LDCs and 2010 profits available
for reinvestment in 2011 amount to approximately £3.5 million. The amount available
for investment in each country will be proportional to the amount of profit generated
there. As the profits vary from country to country, GSK has set a minimum investment
of £10,000.

 

Andrew Witty, CEO of GSK said: “Although the profits we make in LDCs are relatively
small at this time, our commitment to reinvest 20% of them provides a sustainable
model to help improve healthcare infrastructure – one of the key health challenges
in these countries”.

 

www.gsk.com

 

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