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This Tobacco Giant Wants You to Think It's a Healthcare Company Now

This Tobacco Giant Wants You to Think It's a Healthcare Company Now

Philip Morris International (NYSE: PM) really wants consumers to believe it is serious about reducing the harm its cigarettes have caused. It announced that it's buying U.K.-based Vectura Group, a manufacturer of respiratory therapy and inhaled-drug delivery devices. Now Philip Morris has made its second acquisition this month, both focusing on oral delivery of nicotine-alternative products.