October 4, 2022

AndronETalksNews

AndronETalksNews

Tobacco giant Philip Morris raises bid for respiratory drugmaker

BBC News

August 8, 2021

Tobacco giant Philip Morris has raised its bid to buy respiratory drugmaker Vectura to more than £1bn.

Vectura makes inhaled medicines and devices to treat respiratory illnesses such as asthma, and counts Novartis and GSK among its customers.

The Marlboro cigarette maker increased its offer to £1.65 ($2.29) per share after US private equity firm Carlyle offered £958m ($1.3bn) on Friday.

Vectura has not yet responded to requests for comment on the new bid.

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