January 5, 2017 / 10:33 AM / 8 months ago

BAT gives up rights to medical nicotine inhaler

LONDON, Jan 5 (Reuters) - British American Tobacco has agreed to sell the rights to a medical nicotine inhaler it was developing to its partner Kind Consumer, saying it would focus instead on vaping and tobacco heating products.

The world's second-biggest tobacco company said on Thursday that Kind would get BAT's manufacturing, intellectual property and know-how assets in return for deferred, contingent payments.

Financial details were not disclosed.

Reporting by Martinne Geller in London; editing by Jason Neely

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