Tobacco giant Philip Morris sells its prescription inhaler business after doctor backlash
Philip Morris International has sold Vectura for a massive loss.
US-based tobacco giant Philip Morris International will sell Vectura Group for less than $300 million almost three years after it bought the respiratory medicine company for roughly $2 billion.
Known for Marlboro cigarettes, Philip Morris International (PMI) bought the pharma company in 2021 as it touted its commitment to a “smoke-free” future.
