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Philip Morris

Philip Morris hires two former FDA officials as it pushes ‘smoke-free’ development

September 14, 2022 By Sean Whooley

Philip Morris Logo

Cigarette maker Philip Morris (NYSE:PM) announced today that it appointed two former FDA officials to leadership positions. Dr. Badrul Chowdhury is the company’s new chief life sciences officer for smoke-free products. Dr. Matthew Holman joins as VP of U.S. scientific engagement and regulatory strategy. Both appointments fall in line with the company’s efforts to push […]

Filed Under: Business/Financial News, Drug-Device Combinations, Featured, Food & Drug Administration (FDA), Respiratory Tagged With: FDA, Personnel, Personnel Moves, Philip Morris

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

September 16, 2021 By Sean Whooley

Philip Morris Vectura

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, […]

Filed Under: Business/Financial News, Drug-Device Combinations, Featured, Mergers & Acquisitions, 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 OtiTopic

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. According to a news release, early clinical trials have shown that the product catalyzed peak plasma concentration […]

Filed Under: Business/Financial News, Drug-Device Combinations, Featured, Food & Drug Administration (FDA), 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

Philip Morris Vectura

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 […]

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

Cigarette maker spending $1.2 billion on company with inhaled medical therapies

July 9, 2021 By Sean Whooley

Philip Morris Vectura

Philip Morris (NYSE:PM) announced today that it agreed to acquire inhaled drug delivery technology developer Vectura for $1.2 billion. New York–based Philip Morris agreed with the board of Vectura Group on the all-cash, recommended offer under which Vectura shareholders would be entitled to receive $2.07 per share (150 pence), representing a 46% premium to the […]

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

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