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Philip Morris Closes In On Vectura As £1.1bn Offer Passes Threshold

Takeover Steeped In Controversy, With Objections Raised By Healthcare Charities

Executive Summary

Philip Morris once again pledged to up R&D in Vectura after its £1.1bn takeover offer for the UK-based inhalation specialist became unconditional, following the tobacco giant’s acrimonious face-off with private equity Carlyle earlier this year.

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Vectura Agrees £958m Takeover Following Hikma Advair Launch

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