Tag - Vectura

Ethical concerns as Big Tobacco hustles into health care

Philip Morris International is buying a successful British company making inhaled treatments for lung disease. Companies who made fortunes selling damaging and addictive cigarettes are making fresh moves into health care. Philip Morris International (PMI), the Swiss-American maker of Marlboro cigarettes, has bought two drug firms in the last month and on Thursday won support to...

Tobacco giant Philip Morris raises bid for respiratory drugmaker

Tobacco giant Philip Morris has raised its bid to buy respiratory drugmaker Vectura to more than £1bn. Vectura makes inhaled medicines and devices to treat respiratory illnesses such as asthma, and counts Novartis and GSK among its customers. The Marlboro cigarette maker increased its offer to £1.65 ($2.29) per share after US private equity firm Carlyle...