GlaxoSmithKline celebrates major impact on Bangladesh health care scene
GlaxoSmithKline (GSK) and CARE celebrated the impact they have had on health care in Bangladesh last week. This marks the culmination of an ambitious plan by GSK Bangladesh to revitalise health in the Indian state. The company has committed 20% of its profits to reinvestment in strengthening the country’s healthcare infrastructure since 2012. Last week, it revealed it had “reached out” to almost three million beneficiaries through a wide range of partner initiatives.
GlaxoSmithKline’s share price has appreciated by 9% so far this year
Source: Yahoo Finance
GSK Bangladesh said it has focussed, in tandem with its partners, on addressing unmet health needs in underprivileged communities, as well as a shortage of frontline health workers.
Prashant Pandey, GSK Bangladesh’s managing director, said: “At GSK we are very proud to be able to be partnering through our programmes in increasing access to quality health care and collaborate with the Government of Bangladesh. to design and implement a sustainable solution, by developing 300 Skilled Health Entrepreneurs and 3,000 community health workers at the hard to reach haor areas of Sunamaganj.”
He added that other efforts were also underway to “empower RMG workers with health awareness through (Health Access and Linkage Opportunities for Workers Plus (Halow Plus) initiative and run health camps for the Myanmar refugees in Ukhiya.”
Bangladesh has been on an economic journey over the past five decades. Between 1972 and 2018, the poverty rate in the country (as measured by the World Bank) fell from 82% to less-than 9%. On that trajectory, Bangladesh is projected to be the first nation in South Asia to eliminate extreme poverty by 2021. If GSK has anything to do with it, the nation will also have eliminated an extreme poverty in health care services.
Dominion holds GlaxoSmithKline in its Global Trends Managed Fund.
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