UK Minister asks Philip Morris to follow up on Vectura takeover plan -The Times By Reuters

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© Reuters. FILE PHOTO: Undated image of a Vectura lab provided to Reuters on July 9, 2021. Vectura / Document via REUTERS

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(Reuters) – UK Business Secretary Kwasi Kwarteng has asked officials to monitor the proposed takeover of drugmaker Vectura Group PLC by US tobacco group Philip Morris International Inc (NYSE :), the newspaper reported Times https: //

Kwarteng is reportedly working with officials to better understand Philip Morris’ plans for Vectura, according to the report, which did not give details of those responsible.

Philip Morris on Friday agreed to buy Vectura for 1.05 billion pounds ($ 1.45 billion), giving the American company access to respiratory disease treatments and inhalation device technology from the British manufacturer. of drugs.

($ 1 = 0.7244 pounds)

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