Philip Morris Rebuts 'Cynical' Claims About £1bn Vectura Buy

Tobacco Giant Moving Into Pharma

Buying the UK inhalation specialist Vectura will be key to the transformation of Philip Morris International as it looks to reduce its reliance on smoking products, CEO Jacek Olczak has declared.

Cigs
PMI looks to drugs to reduce its reliance on cigarettes • Source: Alamy

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