Thursday 12 August 2021 / 7:25 PM Business / Health / Jonathan Ashworth

Jonathan Ashworth comments on Vectura recommending that shareholders accept takeover bid from Philip Morris International

Jonathan Ashworth MP, Labour’s Shadow Health Secretary, commenting on the news that the health company Vectura will recommend that shareholders accept a takeover bid from tobacco company Philip Morris International, said:

“Philip Morris’s attempted takeover of a key player in lung health products beggars belief. It is bitterly disappointing that Vectura have so far failed to exercise duty of care to patients and scientists and reject this takeover by big tobacco.

“This is now a test for Sajid Javid. When we know smoking causes so much serious illness and premature death, it’s time this government takes the right course, stands up to this tobacco giant and blocks this takeover.”