Philip Morris wraps up $820m acquisition of Danish CDMO Fertin Pharma

Philip Morris wraps up $820m acquisition of Danish CDMO Fertin Pharma

Philip Morris International (PMI) has wrapped up its previously announced DKK 5.1 billion ($820 million) acquisition of Fertin Pharma, a Danish a specialist contract development and manufacturing organization (CDMO), from EQT Mid Market. The deal was announced in July 2021. Founded by the Bagger-Sørensen family, Fertin Pharma develops and manufactures pharmaceutical and well-being products based […]

Cigarette company Philip Morris to acquire British pharma company Vectura

Cigarette company Philip Morris to acquire British pharma company Vectura

US-based cigarette company Philip Morris International (PMI) has offered to acquire British pharma company Vectura Group plc for about £852 million ($1.2 billion) in cash, in a move to accelerate its Beyond Nicotine strategy. As per the terms of the deal agreed with Vectura Group’s board, the company’s shareholders will be paid 150 pence per share. The […]