Philip Morris wants to sell you inhalers for your asthma ...Middle East

Quartz - Economy
Philip Morris wants to sell you inhalers for your asthma
source : Quartz ( Middle East ) () 7
The tobacco giant Philip Morris is trying to position itself into a pharma company—and healthcare advocates don’t like it.On Sep. 16, Philip Morris announced a $1.52 billion acquisition of Vectura, a British company that makes asthma inhalers. It was merely the latest purchase in Philip Morris’ recent shopping spree in the healthcare sector.Just the previous day, Philip Morris said that it would buy Fertin Pharma, which manufactures oral drug-delivery systems, for $820 million. In August, Philip Morris bought another inhaled drug firm, OtiTopic. In January, the company hired a chief life sciences officer—a former executive at Sanofi, the French pharmaceutical firm. One of Philip Morris’ olde

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