Modern Australian
Men's Weekly

.

After buying health company Vectura, tobacco giant Philip Morris will profit from treating the illnesses its products create

  • Written by Kristin Carson-Chahhoud, Associate Research Professor, University of South Australia
After buying health company Vectura, tobacco giant Philip Morris will profit from treating the illnesses its products create

Cigarettes are the only legal consumer product that kill up to half of their users when consumed exactly as the manufacturer intended. The diseases they cause cost Australia’s health system A$136.9 billion a year.

Philip Morris International (PMI) is one of the global leaders in the cigarette supply chain. But with steady declines in cigarette sales over the past 20 years, tobacco companies such as Philip Morris are now attempting to market themselves as health-care companies with visions for a “smoke-free future”.

One of the industry’s first moves was to manufacture non-cigarette nicotine products, such as nicotine replacement therapy to help people quit smoking.

In the latest move to diversify its portfolio, Philip Morris has acquired British health-care company Vectura Group Plc, at a cost of more than £1 billion (A$1.9 billion).

Vectura specialises in manufacturing inhalation products such as commonly used inhalers (or puffers) and nebulisers that help people with asthma and lung disease to breathe.

Read more: Big Tobacco's decisive defeat on plain packaging laws won't stop its war against public health

On August 12, the Vectura board announced it “unanimously recommended the PMI offer” to shareholders, with the decision based on price and access to resources.

The Vectura board noted:

[…] wider stakeholders could benefit from PMI’s significant financial resources and its intentions to increase research and development investment and to operate Vectura as an autonomous business unit that will form the backbone of its inhaled therapeutics business.

On September 15, the deal became official. And so the problems begin.

Why Vectura?

In acquiring Vectura, Philip Morris will profit from treating the very illnesses its products cause, as nebulisers are commonly prescribed for patients with tobacco-related lung disease.

Blue-spotted 'V' Vectura logo on a smartphone and in the background.
The Vectura takeover cost Philip Morris more than £1 billion. Shutterstock

Philip Morris’s interest in the company is to help it generate “[…] at least $1 billion in annual net revenues from Beyond Nicotine sources in 2025”. In other words, Philip Morris plans to expand development of electronic cigarettes and start profiting from other inhaled devices.

This is despite there being limited evidence to support electronic cigarettes to help people quit smoking, but mounting evidence showing damaging health effects.

If Philip Morris really wants to move “beyond nicotine”, it should stop its aggressive promotion and sale of all tobacco products.

Why does it matter?

The consequences of Philip Morris’s acquisition of Vectura are far reaching, especially for the medical and research workforce fighting against respiratory disease. The Philip Morris takeover will have significant implications for the sector.

Many public health organisations, medical professional bodies, universities, individual health professionals and researchers cannot and will not work with tobacco companies or their affiliates. This is in line with the World Health Organization’s Framework Convention on Tobacco Control.

This means researchers who would have received support from Vectura, or used their products to pioneer the next generation of inhaler therapies, will no longer be able to do this.

There will be conflicts of interest prohibiting them from publishing their findings, collaborating on grants for new research, and presenting their work at conferences.

Read more: Medical journals refuse to publish tobacco-funded research

This has already begun to happen, with pharmaceutical industry conferences such as the Drug Delivery to the Lungs Conference terminating Vectura’s sponsorship, forcing the company’s representative to stand down from its committee, and barring them from participation.

Going forward, companies, health professionals and researchers now inadvertently linked to big tobacco through Vectura may be restricted from fully participating in the medical and scientific community. The European Respiratory Society, for example, excludes participation from anyone with links to the tobacco industry in the past ten years.

The Pharmaceutical Benefits Scheme (PBS) will need to consider if it’s appropriate for Australian taxpayers to subsidise inhaler devices licensed to Vectura or, more truthfully, to big tobacco.

Many doctors will be looking for alternative devices to prescribe for their patients that do not contribute to Philip Morris’s or Vectura’s profits.

Meanwhile, people with lung disease are also likely to be reluctant to use devices linked to big tobacco.

Older man sits on the edge of his bed, breathing through a nebuliser mask.
Vectura makes nebulisers which help people with asthma and lung disease to breathe. Shutterstock

But switching from one inhaler to another comes with consequences, such as lower adherence and new side effects, causing poorer clinical outcomes.

There are also concerns Philip Morris’s takeover of Vectura could be used to buy “a seat at the table” with health care policymakers and professionals, meaning they could have a say in the development of government policies.

The tobacco industry hasn’t changed

The tobacco industry remains one of the world’s most lethal. And Philip Morris continues to undermine public health messages, while trying to disguise itself as a health brand.

Yet Philip Morris’s company statutory regulations, which are the standards by which they undertake business, list evidence-based actions to reduce smoking rates – such as strong health warnings on packets and smoking bans in public places – as “risk factors” for its business.

Philip Morris’s move into the health sector, reinforced with the latest acquisition of Vectura, should be met with equal measures of disgust and contempt.

Authors: Kristin Carson-Chahhoud, Associate Research Professor, University of South Australia

Read more https://theconversation.com/after-buying-health-company-vectura-tobacco-giant-philip-morris-will-profit-from-treating-the-illnesses-its-products-create-168564

Why Australian Businesses Are Having a Second Think About Digital Growth

Running a business these days is a whole lot different to how it was even a few short years ago. Customers are better informed, there's more competi...

Restaurants Risk Compliance Issues Amid Commercial Plumber Shortage

As demand for housing, roads and facilities increases, so does the demand for trade workers. According to Infrastructure Australia, the construction i...

The Importance Of A Professional Medical Fitout Melbourne For Modern Healthcare Facilities

Healthcare environments must operate with precision, efficiency, and a strong focus on patient comfort. A well-planned medical fitout Melbourne hel...

Top Safety and Comfort Features to Consider in Family Off Road Caravans

Exploring Australia’s coastline, bush tracks or outback locations is far more enjoyable when travelling in a caravan designed for both comfort and...

“Logistical Nightmare” – Rural and Remote Communities Supply Chain Nightmares

Australia’s road logistics need major reform to counteract the supply chain issues that are hitting rural and regional communities hard. With 80% of...

The Importance Of Quality Bait Boards For Boats To Enhance Fishing Efficiency And Comfort

Fishing enthusiasts understand that having the right equipment on board makes every trip smoother and more enjoyable. One essential accessory for an...

The Essential Safety Gear Every Tradesman Needs

Across industries like construction, electrical work, plumbing, carpentry, and welding, workers face hazards every single day. For tradesmen, having...

Best POS System Features That Boost Customer Experience

Source: Unsplash Starting and scaling a retail business is unlikely possible without an effective Point of Sale (POS) system. It is the tech heartbe...

Understanding SMSF Setup Online and Why More Australians Are Choosing Digital Fund Establishment

liManaging your own superannuation gives you greater control over investments, retirement planning, and long-term financial decision-making. As inte...

Double Carport: Complete Guide to Design, Cost, and Installation

A double carport provides practical, cost-effective protection for two vehicles whilst adding value and functionality to your property. Whether you're...

How External Blinds and Awnings Improve Comfort, Privacy, and Energy Efficiency

Outdoor comfort and protection are essential for homes and commercial properties, especially in regions with strong sunlight, high UV exposure, and ...

Worksite Comfort Upgrades That Boost Team Productivity

Jobsite productivity doesn’t depend solely on tools, training, or scheduling. It also hinges on something often overlooked: worker comfort. When e...

NDIS Occupational Therapy: Your Complete Guide to Accessing Support and Services

Occupational therapy plays a crucial role in helping NDIS participants achieve their goals and improve their daily living skills. For people with disa...

How to Start Trading Futures in Australia: Markets, Margin and Regulation

Futures trading has become increasingly popular among Australian traders seeking opportunities across global commodities, indices, currencies and ener...

The Importance Of Residential Scaffolding For Safe And Efficient Home Projects

Home construction and renovation projects require reliable access systems that prioritise both worker safety and structural stability. Whether the p...

Understanding All on 4 Dental Implants and Their Benefits for Full Mouth Restoration

Tooth loss can affect daily life in many ways, including chewing difficulties, speech problems, facial changes, and reduced confidence. Modern denti...

Why Removalists Are Essential for a Smooth, Safe, and Hassle-Free Moving Experience

Moving homes or offices can be overwhelming, especially when you’re trying to balance packing, organising, heavy lifting, and time-sensitive deadl...

Understanding Domestic Violence Orders in Queensland

Domestic violence is an issue that affects many households. This article will break down the key aspects of Domestic Violence Orders (DVOs) in Queen...