Altria and Philip Morris International enter product licensing and distribution agreement
Richmond-based Altria announced Friday it entered into a series of agreements with Philip Morris International (PMI). The agreements address intellectual property licensing, regulatory engagement and contract manufacturing.
Altria is providing PMI with an exclusive license to commercialize Altria’s e-vapor products internationally. PMI will allow Altria to commercialize two of PMI’s heated tobacco products in the United States. The parties are cooperating on scientific assessment, regulatory engagement and sharing improvements regarding those products, Altria said in a news release.
Philip Morris International was spun off from Altria in 2008.