• Ar
  • Es
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Feature
  • Videos
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Feature
Videos
Infographs
In Pictures
  1. Home
  2. News
  3. Economy
  4. Marlboro Maker Takes Over Inhaler Company
Economy

Marlboro Maker Takes Over Inhaler Company

  • By Al Mayadeen
  • Source: Agencies
  • 16 Sep 2021 13:53

Marlboro's manufacturers took over Vectura, a British breathing inhaler manufacturer.

  • Philip Morris International's research and development headquarters, March 17, 2017 | Reuters
    Philip Morris International's research and development headquarters, March 17, 2017 (Reuters)

US cigarette manufacturing company Philip Morris International took over Vectura, a pharmaceutical company that manufactures breathing inhalers. The takeover was deemed incredibly controversial and was faced with heavy opposition from medical groups.

PMI invested some $1.4 billion in July as part of its push into the healthcare market. It said Thursday that since that payment, it obtained the necessary support from investors and gained regulatory approvals.

This acquisition came as part of the Marlboro-maker's expansion plans, under which they plan to move into the healthcare business, rather than only adhering to nicotine and tobacco.

The group's CEO, Jacek Olczak, said they had reached an important milestone by acquiring Vectura.

PMI saw respiratory drug delivery as a key focus, with plans on making at least $1 billion in annual revenues away from nicotine products by 2025.

Olczak said the company is interested in Vectura's "critical role in their Beyond Nicotine strategy," saying they are looking forward to working with its scientists and providing them with the necessary expertise and resources for business growth.

More than 20 organizations urged Vectura's management to reconsider the PMI takeover of the firm, using ethics and practicality as their argument.

  • United States
  • Smoking
  • United Kingdom

Trending Now

All
The headquarters of Deutsche Bank is pictured in Frankfurt, Germany, Tuesday, Jan. 31, 2023. (AP)

Europe bank shares sink on concerns over US sector, Deutsche down 10%

Most Read

US dollar may lose status as global reserve currency: Yellen

US dollar may lose status as global reserve currency: Yellen

  • US & Canada
  • 22 Mar
Ukrainian President Volodymyr Zelensky speaks at a press conference on 25, February, 2022. (AFP)

Kiev unable to launch counteroffensive: Zelensky

  • Europe
  • 25 Mar
Europe's move has only increased Putin’s esteem outside the West -- but estimation of Europe’s political nous and understanding of Russia, however, is sharply diminished.

Lawfare Comes into Fashion: The New Geo-political ‘Rack’

  • Analysis
  • 25 Mar
Crewmen enter Bradley fighting vehicles at a US military base at an undisclosed location in Northeastern Syria, on November 11, 2019 (AP)

US occupation bases under fire in Syria for second day in a row

  • MENA
  • 24 Mar

Read this

All
Khader Adnan
Palestine

Khader Adnan's health condition deteriorating rapidly: Prisoners Club

  • 26 Mar
French police crackdown leaves protester's life hanging by a thread
Europe

Sainte-Soline police violence leaves protester life hanging by thread

  • 26 Mar
Demonstrators gather outside Downing Street during a Black Lives Matter march in London, on June 6, 2020.
Europe

Black children more likely to be strip-searched in England, Wales

  • Today
Elon Musk's photo is seen through a Twitter logo in this illustration taken October 28, 2022. (Reuters)
Technology

Twitter worth less than half of what I paid for it: Elon Musk memo

  • 26 Mar
Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS