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Altria, PMI Expand Strategic Framework for E-Vapor Products

August 18, 2015

Philip Morris International, Swedish Match dissolve joint venture

RICHMOND, Va. — Altria Group Inc. said that it is expanding its strategic framework with Philip Morris International (PMI), first announced in December 2013, to include a joint research, development and technology-sharing agreement.

Altria and PMI will collaborate to develop e-vapor products for commercialization in the United States by Altria and in markets outside the United States by PMI.

The agreement also provides for exclusive technology cross licenses, technical information sharing and cooperation on scientific assessment, regulatory engagement and approval related to e-vapor products.

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