Schering-Plough to Provide Financial, Product Donations in Support of Hurricane Katrina Relief Effort

Schering-Plough Corporation (NYSE: SGP) today announced that it will make a $500,000 cash contribution and provide $2 million (wholesale value) in medicines and other products in support of the massive relief effort under way to help victims of Hurricane Katrina. In response to a request from the American Red Cross, the company has already contributed 100,000 units of COPPERTONE(R) sunscreen.


In addition, Schering-Plough is putting in place a special employee matching gifts program for employees to contribute to the relief effort. The company will match employee contributions on a dollar-for-dollar basis. Colleagues will be able to select from a number of charitable organizations to receive their donations.


"We are all deeply saddened by the loss of life and massive destruction caused by Hurricane Katrina," said Fred Hassan, Schering-Plough chairman and CEO. "Schering-Plough is proud to be able to contribute to the relief efforts to assist victims of this disaster, which now appears to be among the worst natural catastrophes in the nation's history."


Schering-Plough is a global science-based health care company with leading prescription, consumer and animal health products. Through internal research and collaborations with partners, Schering-Plough discovers, develops, manufactures and markets advanced drug therapies to meet important medical needs. Schering-Plough's vision is to earn the trust of the physicians, patients and customers served by its more than 30,000 people around the world. The company is based in Kenilworth, N.J., and its Web site is schering-plough