Philip Morris International (PMI) has announced its fourth-quarter and full-year results for 2024, reporting a strong performance driven by its smoke-free products. The company delivered a reported diluted EPS of $4.52 (£3.63), or $6.01 before a...
The US Food and Drug Administration (FDA) has on Thursday authorised ZYN nicotine pouches making the brand the first and only authorised nicotine pouch in the US. Brand owner Swedish Match, a subsidiary of Philip Morris International, said the...
Philip Morris International (PMI) is celebrating the 10th anniversary of the introduction of its leading smoke-free product, IQOS. The launch of this smoke-free innovation was a breakthrough moment toward achieving the company’s commitment to a future without...
Vectura Fertin Pharma, an affiliate of Philip Morris International (PMI), has on Tuesday announced the sale of its subsidiary Vectura Group to global electronics major Molex Asia Holdings for £298 million. Vectura, based in Chippenham, UK,...
Philip Morris International (PMI) has on Tuesday announced an upward revision of its full-year guidance, following robust financial results for the second quarter and first half of 2024, driven by the continued success of its smoke-free...
Philip Morris International (PMI) on Tuesday announced an investment of $600 million (£461m) over the next two years to open a manufacturing facility in Colorado, US to produce Zyn nicotine pouches to help meet the growing...
Health campaigners have written to US regulators accusing Philip Morris International of misrepresenting past regulatory decisions, seeking to disrupt the launch of its flagship heated tobacco device IQOS in the US. The world's biggest tobacco company...
Tobacco companies still actively target young people via social media, sports and music festivals and new, flavoured products, the World Health Organization (WHO) said on Thursday, accusing companies of trying to hook a new generation on...
Philip Morris International's (PMI) goals for heated tobacco in the US are reachable, analysts and investors say, even though rivals see limited potential in a market where vaping dominates. The world's biggest tobacco company by market...
Philip Morris International (PMI) is preparing to launch its flagship heated tobacco device IQOS in Austin, Texas, indicating it will be the first testing ground for its US entry, job adverts on LinkedIn show. IQOS, the...
Philip Morris International (PMI) has on Wednesday announced the launch of IQOS ILUMA i, the latest addition to its growing portfolio of smoke-free products. The launch also marks the tenth anniversary of IQOS, originally launched in...
Philip Morris International (PMI) has announced total global net revenues of IQOS, its leading tobacco heating device, surpassed Marlboro at the end of 2023 to become PMI’s number one international nicotine brand on this measure. The...
Philip Morris International on Thursday announced its fourth-quarter and full-year results for 2023, revealing a mix of growth and challenges. The company reported a full-year reported diluted EPS of $5.02, a 13.6 per cent decrease from...
Philip Morris International (PMI) and British American Tobacco (BAT) said they have reached a global settlement that resolves all ongoing patent infringement litigation between them over heated tobacco and vapor products. The settlement includes non-monetary provisions...
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