Philip Morris International Inc. (PMI) plans to acquire Vectura Group plc for approximately USD 1.2 billion. The deal will accelerates PMIs product pipeline development capabilities in Inhaled Therapeutics.
- Vectura is a provider of innovative inhaled drug delivery solutions that enable partners to bring their medicines to patients.
- The company has thirteen key inhaled and eleven non inhaled products marketed by major global pharmaceutical partners, as well as a diverse portfolio of partnerships for drugs in clinical development.
- PMI further believes that its Beyond Nicotine aerosolization technologies and development pipeline will provide additional predictability, stability, and security for Vecturas future.
The major expansions and investments by Philip Morris International are mentioned below:
July 2021: Philip Morris International Inc. (PMI) announced an agreement to acquire Fertin Pharma for approximately $820 million. Fertin Pharma is a leading developer and manufacturer of innovative pharmaceutical and well-being products based on oral and intra-oral delivery systems.
June 2021: Philip Morris International (PMI) announced the relocation of its corporate headquarters to Connecticut from New York. The move, which was facilitated with the support of Gov. Ned Lamonts office, will bring approximately 200 jobs to the stateproviding a boost to the states economy. The new headquarters is expected to be operational by summer 2022.
Oct 2020: Philip Morris Investments B.V. (PMIBV), a subsidiary of Philip Morris International (PMI), has been a shareholder of Medicago and has supported Medicagos innovative plant-derived research and development focused on vaccines.
Aug 2020: Philip Morris International Inc. announced to begin commercialization of KT&Gs smoke-free alternatives outside of South Korea. The announcement follows an agreement signed in January 2020 by PMI and KT&G, the leading South Korean tobacco and nicotine company.
June 2019: Philip Morris International (PMI) launched unsmokeyourworld.com, a new online hub for those that want to unsmoke themselves or their loved ones, their communities, or the world. The website aims to provide an inspiring and engaging place to help people kick-start their smoke-free journeys. The best way to unsmoke is to quit cigarettes and nicotine completely.
About Philip Morris International
Philip Morris International (PMI), headquartered in New York City, the USA, is one of the worlds leading international tobacco companies. The tobacco company engaged in the manufacture and sale of cigarettes, as well as smoke-free products, associated electronic devices and accessories, and other nicotine-containing products. The company has 39 production facilities worldwide and has a workforce of more than 71,000 globally.