Philip Morris to invest $20 mln in firm developing inhaler -report

JERUSALEM Jan 19 Cigarette giant Philip Morris
International will invest about $20 million in an Israeli
start-up that developed a metered-dose vaporiser of raw plants
for medical use, Israeli news website Calcalist reported on
Tuesday.

As part of the deal, Tel Aviv-based Syqe Medical will
develop technologies for Phillip Morris that will help reduce
health risks associated with smoking, Calcalist said, but
provided no further details.

Officials at Syqe would not comment on the report and
officials at Philip Morris could…

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