LONDON, Sept 16 — US cigarette firm Philip Morris International today clinched a controversial takeover of British breathing inhaler manufacturer Vectura, despite fierce opposition from health campaigners and medical groups.Philip Morris International today said it had since won the necessary support from investors and secured regulatory approvals.
“We have reached an important milestone in our acquisition of Vectura,” PMI chief executive Jacek Olczak said in a statement. “We are very excited about the critical role Vectura will play in our Beyond Nicotine strategy and look forward to working with Vectura’s scientists and providing them with the resources and expertise to grow their business to help us achieve our goal,” added Olczak.
Sarah Woolnough, chief executive of both Asthma UK and the British Lung Foundation, accused Vectura of seeking a quick profit.
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