Exploring Philip Morris's Major Health Move with Vectura Sale to Molex Asia
Significant Sale: Philip Morris Joins Health Innovators
Philip Morris International (PM) has made a substantial move in the health sector by selling Vectura to Molex Asia for £150 million upfront. This deal not only highlights PM's commitment to transforming its portfolio but also reflects a broader trend in health investments.
Financial Overview of the Deal
The total transaction could reach up to £298 million with the inclusion of potential deferred payments of up to £148 million. This strategic sale is a part of PM's ongoing transformation and courage to innovate in health.
- Upfront payment: £150 million
- Potential deferred payment: £148 million
- Significance for health investments
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