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Stock impact report

Molex to acquire drug device company Vectura [Yahoo! Finance]

Philip Morris International Inc (PM) 
Last philip morris international inc earnings: 4/21 06:59 am Check Earnings Report
US:NYSE Investor Relations: pmi.com/investor-relations/overview
Company Research Source: Yahoo! Finance
This acquisition from Vectura Fertin Pharma, a subsidiary of Philip Morris International, is expected to enhance the capabilities of Phillips Medisize, a Molex company, by bringing in specialised inhalation expertise. Phillips Medisize president Paul Chaffin said: “Combining the strengths of Phillips Medisize and Vectura will enhance our ability to deliver a broader portfolio of inhalation combination drug devices and solutions to our pharmaceutical customers and support our mission to help people live healthier, more productive lives.” Vectura is involved in the formulation and device development of dry powder inhalers (DPI), pressurised metered-dose inhalers (pMDI), and nasal and nebuliser products for biologics, small molecules, complex combinations, and generic products. The acquisition also encompasses Vectura's services in pharmaceutical analysis, process development, technical transfer, clinical trial supplies, and regulatory services. Molex CEO Joe Nelligan said: “The Show less Read more
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