Fertin's Generic Nicotine Polacrilex Receives Approval in the U.S.
Philip Morris International (PMI) has concluded the acquisition of Denmark-based contract development and manufacturing organisation Fertin Pharma from EQT, for an enterprise value of nearly $820m (kr5.1bn).
Philip Morris has bought oral drug delivery specialist Fertin Pharma for 5.1 billion Danish krone ($813 million). The takeover will give the Marlboro manufacturer control of a range of drug delivery technologies including chewing gums used in the administration of nicotine.
(Corrects paragraph 5 to say IQOS is a heated-tobacco product, not an e-cigarette brand)
Philip Morris International Inc. (PMI) (NYSE: PM) announced today it has entered into an agreement to acquire Fertin Pharma A/S (Fertin Pharma), a leading developer and manufacturer of innovative pharmaceutical and well-being products based on oral and intra-oral delivery systems, for an enterprise value of DKK 5.1 billion (approximately USD 820 million1).
AXIM Biotechnologies, Inc. will start 40-person clinical trial in the Netherlands for a mint-flavoured medical marijuana chewing gum to treat Irritable bowel syndrome (IBS).