Philip Morris Faces Backlash in Money Markets After Selling UK Asthma Inhaler Maker Vectura

Tuesday, 17 September 2024, 21:11

DailyMail reports that Philip Morris has agreed to sell Vectura due to backlash in money markets. The tobacco giant originally acquired Vectura for £1.1bn as part of a healthcare transformation strategy but faced significant criticism. This sale marks a pivotal shift in their approach to health-focused investments.
Dailymail
Philip Morris Faces Backlash in Money Markets After Selling UK Asthma Inhaler Maker Vectura

DailyMail Reports on Philip Morris’s Vectura Sale

Philip Morris has taken a decisive step by selling Vectura, the UK asthma inhaler maker, amid significant backlash in money markets. Originally purchased for £1.1bn three years ago, this acquisition was part of the tobacco giant's initiative to establish itself as a leader in the healthcare and wellness sector.

Impact of the Sale

  • The sale reflects the growing concerns over the ethical implications of tobacco companies investing in healthcare.
  • Philip Morris aims to reshape its public image by distancing itself from controversial investments.

Future Directions

  1. Investors are closely watching Philip Morris's next moves in the healthcare domain.
  2. The feedback from money markets could influence how tobacco companies approach future acquisitions.

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This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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