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The Philip Morris External Research Program, sometimes abbreviated as PMERP, was an external research grant program founded in the fall of 2000 by Philip Morris International, as an initiative of the company's Worldwide Scientific Affairs unit. [1]
The Tobacco Master Settlement Agreement (MSA) was entered on November 23, 1998, originally between the four largest United States tobacco companies (Philip Morris Inc., R. J. Reynolds, Brown & Williamson and Lorillard – the "original participating manufacturers", referred to as the "Majors") and the attorneys general of 46 states.
On January 27, 2003, Philip Morris Companies Inc. changed its name to Altria Group, Inc. [10] Even under this new name, Altria continues to own 100% of Philip Morris USA (abbreviated PM USA). In the fall of 2003, Philip Morris USA moved its headquarters from New York City to Richmond, Virginia. On March 30, 2007, the remaining 88.9% stake in ...
RICHMOND, Va.--(BUSINESS WIRE)-- Philip Morris USA (PM USA) today made its annual Master Settlement Agreement (MSA) payment of approximately $3.1 billion. The payment reflects a $483 million ...
The state is seeking $58 million from tobacco companies Philip Morris and R.J. Reynolds Tobacco, alleging that they underpaid what they owe Minnesota in a landmark 1998 lawsuit settlement over the ...
The CIAR was founded in March 1988 by Philip Morris, R.J. Reynolds, and Lorillard. [1] It was based in Linthicum, Maryland. [3] The Swedish tobacco company Svenska Tobaks joined the organization in 1994. [4] Soon after it was founded, it became the largest non-governmental source of funding for research on indoor air pollution. [5]
Even though Philip Morris International is known as a storied tobacco brand, it has pivoted its business away from just cigarettes over the last 15 years after splitting off from Philip Morris USA ...
For the fiscal year 2023 Philip Morris reported earnings of US$7.813 billion with an annual revenue of US$84.578 billion. [ 1 ] [ 34 ] Its shares traded at $94.08 per share as of December 31, 2023, and its market capitalization was valued at under US$150 billion at the end of that same year.
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