Philip Morris: Marlboro owner sells UK inhaler firm over backlash

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Philip Morris: Marlboro owner sells UK inhaler firm over backlash

https://www.bbc.com/news/articles/c4gdpzqp15eo

Philip Morris International bought Vectura Group just three years ago in a deal worth more than £1bn.

Philip Morris: Marlboro owner sells UK inhaler firm over backlash

The tobacco giant that makes Marlboro cigarettes has sold a UK inhaler company for a knock-down price due to what it calls an "unwarranted" backlash.

Philip Morris International (PMI) has offloaded Vectura Group for £150m ($198m) just three years after buying it in a deal worth more than £1bn.

PMI's decision to buy Vectura, which makes inhalers to treat lung conditions such as asthma, was criticised as being hypocritical.