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Drug Delivery

Philip Morris adds to pharma unit with acquisition of inhaled-drug firm OtiTopic

by Megha Satyanarayana
August 19, 2021 | A version of this story appeared in Volume 99, Issue 30
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Most Popular in Pharmaceuticals

 

Philip Morris International continues its push into drug delivery with the acquisition of OtiTopic, a Los Angeles–based specialist in inhaled drugs. OtiTopic has an inhalable acetylsalicylic acid treatment called Asprihale in late-stage trials for myocardial infarction. Philip Morris recently announced deals to buy the drug delivery firms Fertin Pharma and Vectura Group for a combined $2 billion. The cigarette company says the acquisitions are part of its Beyond Nicotine diversification strategy.

Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society

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