Philip Morris acquiring Cannabis inhaler developer Syqe Medical for up to $650 million

 

Philip Morris, the international tobacco giant, is acquiring the Israeli company Syqe Medical in a deal that could reach $650 million, Calcalist has learned. Syqe’s main product is a metered-dose inhaler for pain reduction treatment using medical cannabis. The deal consists of several milestones. Philip Morris will initially invest $120 million to support the process 

​ Philip Morris, the international tobacco giant, is acquiring the Israeli company Syqe Medical in a deal that could reach $650 million, Calcalist has learned. Syqe’s main product is a metered-dose inhaler for pain reduction treatment using medical cannabis. The deal consists of several milestones. Philip Morris will initially invest $120 million to support the process […] 

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