Philip Morris to sell stake in pharma unit Vectura for $198 million

(Reuters) - Marlboro maker Philip Morris International (NYSE:PM )'s unit Vectura Fertin Pharma said on Tuesday it would sell its subsidiary Vectura Group to Molex Asia Holdings for 150 million pounds ($198.09 million).



The deal also has potential deferred payments of up to 148 million pounds.

($1 = 0.7572 pounds)

Source: Investing.com