Reuters logo
BAT gives up rights to medical nicotine inhaler
January 5, 2017 / 10:33 AM / a year 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

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below