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Philip Morris

Philip Morris’ $1.2B offer for inhaled drug delivery tech developer becomes unconditional

September 16, 2021 By Sean Whooley

Philip Morris (NYSE:PM) announced today that its offer to buy inhaled drug delivery technology developer Vectura has become unconditional. Having received valid acceptances for or acquired 74.77% of Vectura shares, in excess of the 50% required under the acceptance condition, along with confirming that all other conditions to the offer have been satisfied or waived, the deal […]

Filed Under: Business/Financial News, Drug-Device Combinations, Featured, Mergers & Acquisitions, Pharmaceutical, Respiratory, Wall Street Beat Tagged With: Philip Morris, Vectura

Cigarette maker Philip Morris acquires another inhaled therapeutic company

August 9, 2021 By Sean Whooley

Philip Morris (NYSE:PM) announced today that it acquired OtiTopic and its late-stage inhalable acetylsalicylic acid (ASA) treatment. Los Angeles-based OtiTopic develops the Asprihale patented dry powder inhalation ASA treatment to treat acute myocardial infarction as a self-administered aerosol. Get the full story at our sister site, Drug Delivery Business News.

Filed Under: Business/Financial News, Drug-Device Combinations, Featured, Mergers & Acquisitions, Respiratory Tagged With: OtiTopic, Philip Morris

American Lung Association slams cigarette maker for inhaled medical therapy acquisition

July 20, 2021 By Sean Whooley

The American Lung Association condemned the recently announced acquisition of Vectura by cigarette maker Philip Morris (NYSE:PM). Earlier this month, Philip Morris announced that it agreed to acquire inhaled drug delivery technology developer Vectura for $1.2 billion. In response to the acquisition, American Lung Association president & CEO Harold Wimmer and American Thoracic Society president Dr. Lynn Schnapp released a joint […]

Filed Under: Business/Financial News, Drug-Device Combinations, Featured, Mergers & Acquisitions, Respiratory Tagged With: American Lung Association, American Thoracic Society, Philip Morris, Vectura

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