Health organizations trying to block tobacco giant Philip Morris from buying asthma inhaler company Vectura

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 92%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Several health organizations in Britain and the United States have asked to block Philip Morris’s bid for Vectura

Philip Morris has insisted that acquiring Vectura is part of its strategy to move away from tobacco products and become a 'health care and wellness' business.A British company that makes inhalers to treat asthma and chronic lung disease has been caught up in a controversial takeover battle featuring an unlikely suitor: tobacco giant Philip Morris International.

It’s now up to Vectura’s shareholders to decide which bid to accept. But a public backlash against Philip Morris has been building, and there are calls for the British government to prevent the company from acquiring Vectura, which has 510 employees, including roughly 200 research scientists. “The ERS and other medical institutions have strict rules against the involvement of individuals and companies that are linked to the tobacco industry,” the ERS said. A takeover by Philip Morris “is also likely to be financially detrimental to Vectura as health professionals will avoid prescribing drugs from any company that enriches the tobacco industry due to the ethical implications.”

Last month Philip Morris bought Danish-based Fertin Pharma, which specializes in nicotine gum, for US$820-million. It also has a stake in Canadian biotechnology firm Medicago Inc., which is developing a COVID-19 vaccine.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

$ 12 a pack to keep killing youself and $ 180 to keep breathing, sick fucks!!!

As they should…

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Top cannabis site Leafly in talks to go public via blank-check merger: sourcesTop cannabis\u002Dfocused website Leafly is in talks to merge with blank\u002Dcheck company Merida Merger Corp I in a deal that would value the combined company at more…
Source: nationalpost - 🏆 10. / 80 Read more »