Vectura: Marlboro giant seals takeover of UK inhaler firm

Malboro giant seals takeover of UK inhaler firm Vectura

9/16/2021 12:19:00 PM

Malboro giant seals takeover of UK inhaler firm Vectura

Philip Morris International clinches its £1.1bn bid for the UK inhaler firm Vectura.

The firm says that since 2008, it has invested more than $8bn (£5.8bn) in developing smoke-free products.Nonetheless the deal has faced controversy, with charities and medical groups warning the British firm Vectura against "selling out".

Sir David Amess killing was terrorist incident, Met Police say Fatal stabbing of MP Sir David Amess confirmed as a terrorist incident Norway attack: Killer held in medical custody amid mental health investigation

'Considerable problems'More than 20 UK, US and European organisations have written to Vectura'smanagement urging it to reconsider the takeover on ethical and practical grounds."Vectura has sold out millions of people with lung disease, and instead prioritised short-term financial gain over the long-term viability of Vectura as a business," said Sarah Woolnough, chief executive of Asthma UK and the British Lung Foundation.

She added that the fact Vectura was now owned by a tobacco company could cause "considerable problems", such as the firm being excluded from research trials."It creates perverse incentives for PMI to sell more of its harmful products so they might then profit again through treating smoking-related diseases."

Ms Woolnough called on the government to stop the deal from happening, citing its commitment to the World Health Organization Framework Convention on Tobacco Control.The board of Vectura had backed the £1.1bn takeover by PMI unanimously. After that, Philip Morris started buying shares on the open market, securing a stake of 29.9% last month.

Remaining shareholders were asked to approve the deal and sell their shares in principle. For the deal to complete, 50% needed to agree.PMI is now calling on the remaining investors to accept its offer of £1.65 per share, which beat a rival bid from US private equity group Carlyle. They have until 30 September to do so.

Read more: BBC News (UK) »

Inside Jisoo’s Touching First Trip To The Dior Ateliers

It’s a fairytale dream come true for the 26-year-old fashion plate.

I know. Let’s make your asthma worse and then we’ll be on hand to alleviate your symptoms! This should be illegal!

Tobacco firm Philip Morris seals £1.1bn takeover of UK inhaler maker VecturaBid for British firm, which makes asthma inhalers, has caused outrage among health campaigners wow Makes as much sense as a pedophile running a day care centre.... Oh the irony ....

‘Cake’ mentioned 10 times more than ‘climate change’ on UK TV – reportExclusive: study also shows ‘banana bread’ heard more in 2020 than ‘wind power’ and ‘solar power’ combined Cake is tasty tho Now do sex to climate change in the US. Let them eat cake. While they can.

UK faces 'very difficult winter' with combined threat of Covid and other virusesTHE UK faces a potentially “very difficult winter”, the countries leading scientists have warned. Government advisers on Sage have further propelled fears the next few months could be s… Well they disappeared for a while...... flu's supposedly had a 2 yr sabbatical - what did you think would happen? I’ll still be working *should* there be another lockdown so I really don’t care 🙄

UK inflation in record August jump as food and drink prices riseLeap to 3.2% from July’s 2% is largest increase in annual rate from one month to next since records began good luck Obesity levels may plunge a wee bit? No? Nice 👍

Boris Johnson jokes about UK becoming 'Saudi Arabia of penal policy' – videoOpposition politicians say prime minister's remarks about Priti Patel’s policies are a ‘new low’ while this is the realworld inToryUKToday Comment on Priti Patel's polices, use your own logic !

The cast of Sex Education reveal filming secrets from series 3 | Cosmopolitan UKSex Education is back! Netflix's hit series returns to our screens on 17 September and we honestly can't wait. We spoke to Aimee Lou Wood (Amy), Ncuti Gatwa ...