Philip Morris to sell stake in pharma unit Vectura for $198 mln-March 2024-www.financetom.com

Philip Morris to sell stake in pharma unit Vectura for $198 mln

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Philip Morris to sell stake in pharma unit Vectura for $198 mln

Sep 17, 2024 6:48 AM

Sept 17 (Reuters) - Marlboro maker Philip Morris

International's ( PM ) unit Vectura Fertin Pharma said on

Tuesday it would sell its subsidiary Vectura Group to Molex Asia

Holdings for 150 million pounds ($198.09 million).

The deal also has potential deferred payments of up to 148

million pounds.

($1 = 0.7572 pounds)

(Reporting by Savyata Mishra in Bengaluru; Editing by Devika

Syamnath)

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