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Philip Morris International

pmi.com

Founded Year

1847

Stage

IPO | IPO

Date of IPO

3/28/2008

Market Cap

157.84B

Stock Price

103.75

About Philip Morris International

Philip Morris International (NYSE: PM) is an international tobacco company. It engaged in the manufacture and sale of cigarettes, smoke-free products and associated electronic devices and accessories, and other nicotine-containing products in markets outside the U.S. The company was founded in 1847 and is based in Lausanne, Switzerland.

Headquarters Location

Quai Jeanrenaud 3

Neuchatel, 2000,

Switzerland

58-242-00-00

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Latest Philip Morris International News

New Heated Tobacco Products Authorized

Jan 27, 2023

CStore Decisions The Food and Drug Administration authorized Philip Morris' Marlboro Sienna HeatSticks, Bronze HeatSticks and Amber HeatSticks. January 27, 2023 Three new tobacco-flavored heated tobacco products included in Philip Morris Products S.A.’s supplemental premarket tobacco product applications (PMTAs) were just authorized by the Food and Drug Administration (FDA) . The products receiving marketing granted orders (MGOs) are Marlboro Sienna HeatSticks, Marlboro Bronze HeatSticks and Marlboro Amber HeatSticks. The three HeatSticks products are “heated tobacco products” (HTPs) used with the IQOS device, an electronic device that heats tobacco-filled sticks wrapped in paper to generate a nicotine-containing aerosol. Based on FDA’s review of the supplemental PMTAs, the agency determined that the marketing of these products should be authorized because, among other things, the net population-level benefits to adult smokers outweigh the risks to youth. In 2019, FDA authorized the marketing of IQOS and several other Marlboro HeatSticks products through the PMTA pathway. Philip Morris pursued marketing authorization for these new Marlboro HeatSticks by submitting supplemental PMTAs for modified versions and line extensions of the tobacco-flavored product for which the company had previously received an MGO. A supplemental PMTA can be submitted in situations where an applicant is seeking authorization for a new tobacco product that is a modified version of a tobacco product for which they have already received an MGO. FDA has placed stringent marketing restrictions on the new products in an effort to prevent youth access and exposure.

Philip Morris International Frequently Asked Questions (FAQ)

  • When was Philip Morris International founded?

    Philip Morris International was founded in 1847.

  • Where is Philip Morris International's headquarters?

    Philip Morris International's headquarters is located at Quai Jeanrenaud 3, Neuchatel.

  • What is Philip Morris International's latest funding round?

    Philip Morris International's latest funding round is IPO.

  • Who are the investors of Philip Morris International?

    Investors of Philip Morris International include Altria Group.

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