Philip Morris Signs An MoU With South Korean Tobacco Products Maker, KT&G On U.S. Regulatory Submissions For The Latter's Products
Portfolio Pulse from Benzinga Newsdesk
Philip Morris International (PM) has signed a Memorandum of Understanding (MoU) with South Korean tobacco products maker KT&G to assist in U.S. regulatory submissions for KT&G's products.
July 30, 2024 | 10:13 am
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Philip Morris International (PM) has signed an MoU with KT&G to assist in U.S. regulatory submissions for KT&G's products. This partnership could enhance PM's market position and diversify its product offerings.
The MoU with KT&G could lead to new product offerings and market expansion for Philip Morris in the U.S. This partnership may positively impact PM's stock price in the short term as it opens up new revenue streams and strengthens its market position.
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