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