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Israeli media: At least two soldiers killed by anti-tank missile fired at Israeli army forces in the Gaza Strip
Local Syrian sources: Mortar shells fell on more than nine villages in the Sweida countryside
Local Syrian sources: Dozens of dead and wounded have arrived at Sweida hospitals as a result of ongoing clashes at several locations in the western Sweida countryside
Local sources: Civilians, including children and women, were injured in the al-Maqous neighborhood of Sweida, in Syria, as a result of ongoing clashes
Israeli media outlet: Security incident reported in the Gaza Strip
Iranian Foreign Ministry spokesperson: No new date or venue has been set for the meeting between Araghchi and Witkoff, and no negotiations will take place until the outcome is guaranteed
Palestinian platforms: Settlers storm Al-Aqsa Mosque complex under the protection of the occupation police
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Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation

Marlboro Maker Takes Over Inhaler Company

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

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

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  • 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.

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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.

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  • Smoking
  • United Kingdom

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