Pfizer plans no further investment in Russia, says CEO Albert Bourla

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Bourla said the company's exposure in Russia is limited, and that any financial fallout from the war will be 'very minimal' to Pfizer's bottom line.

says his company does not have plans to invest further in Russia, as that nation's invasion of Ukraine is about to enter its third week. moderator Margaret Brennan that Pfizer is not cutting ties with Russia entirely, and noted that while the company makes"some medicines in Russia for Russia," the company does not export from Russia. screen shot

Bourla pointed out that trade restrictions often exempt lifesaving pharmaceuticals for humanitarian reasons. "How can you say I'm not going to send the cancer medicines to Russians because of what they did," Bourla said.

 

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