Philip Morris will buy the manufacturer of medical products for inhalation Vectura for $ 1.5 billion.
The tobacco company offered more than 11% above the London close. In May 2021, the investment group Carlyle offered to buy Vectura for £ 958 million, Bloomberg reports.
The tobacco company offered more than 11% above the London close. In May 2021, the investment group Carlyle offered to buy Vectura for £ 958 million, Bloomberg reports.
Following the deal, Vectura will remain a stand-alone company, while Philip Morris will use its technology to produce inhalation drugs and devices.
Philip Morris plans to generate more than 50% of its revenues from smoke-free products and at least $ 1 billion in sales of...
Philip Morris plans to generate more than 50% of its revenues from smoke-free products and at least $ 1 billion in sales of...
nicotine-free products by 2025. Philip Morris owns the brands Marlboro, Parliament, IQOS and others. Vectura employs over 200 scientists. The company helps partners develop and market inhalation devices and drugs.
Vectura launched 13 products to market, generated $ 11 billion in sales and helped 10 million patients worldwide, according to the company.
Titan.
Titan.
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