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Baxter spends $53m on charity

Pharma company Baxter announced on March 10 that it spent nearly $53m on charitable causes and international aid in 2007

Pharma company Baxter announced on March 10 that it spent nearly $53m on charitable causes and international aid in 2007.

The Baxter International Foundation, the philanthropic arm of the pharma company, donated products to humanitarian relief agencies and grants to support the development of healthcare.

Developing nations and countries in crises benefited the most, receiving $31m in Baxter healthcare products.

Robert Parkinson, chairman and CEO of Baxter, said: "Increasing access to healthcare is one of our sustainability prorates."

"As a global healthcare company we address some of the world's key sustainability challenges every day," he added.

The Baxter International Foundation awarded grants totalling £3.1m to help fund 68 healthcare organisations and $18.4m of its business and facilities to addressing critical local needs in 36 countries.

Baxter donated the majority of its products to international aid agencies such as AmeriCares and Direct Relief.

Working with AmeriCares, Baxter was able to bring vital relief and medical products to victims of the earthquake that devastated the central Peru.

10th March 2008

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