Philip Morris International Inc.

Philip Morris International Inc. is a Virginia holding company incorporated in 1987, which became a U.S. public company listed on the New York Stock Exchange in March 2008. The company is a leading international consumer goods company focused on delivering a smoke-free future and expanding its portfolio beyond tobacco and nicotine. Its current product portfolio primarily includes cigarettes and smoke-free products such as heat-not-burn, nicotine pouch, and e-vapor products. Since 2008, the company has invested over $16 billion to develop, scientifically substantiate, and commercialize innovative smoke-free products for adult smokers, aiming to end cigarette sales. This investment includes building scientific assessment capabilities in pre-clinical systems toxicology, clinical and behavioral research, and post-market studies. In November 2022, Philip Morris International acquired Swedish Match AB, a leader in oral nicotine delivery, forming a global smoke-free combination featuring the IQOS and ZYN brands. As of April 30, 2024, the company holds full rights to commercialize IQOS in the U.S. The U.S. Food and Drug Administration (FDA) has authorized the marketing of Swedish Match's General snus and ZYN nicotine pouches, and versions of PMI's IQOS devices and consumables, which were the first such authorizations in their categories. Versions of IQOS devices and consumables and General snus also received the first-ever Modified Risk Tobacco Product (MRTP) authorizations from the FDA. Philip Morris International also has a long-term ambition to expand into wellness areas, leveraging its foundation and expertise in life sciences.