Pfizer pledges to donate all Russian profits to humanitarian causes amid war in Ukraine

Just days ago, Pfizer's CEO Albert Bourla, Ph.D., said the company would halt its investments in Russia but still supply needed medicines there. Now, Pfizer is taking its humanitarian commitment a step further by pledging to donate all profits from its Russian subsidiary.

Specifically, the Big Pharma will give those profits to "causes that provide direct humanitarian support to the people of Ukraine," the company said in a Monday statement. The move comes after Bourla recently told CBS News' "Face the Nation" Pfizer would be shutting down new investments in Russia amid its invasion of Ukraine.