Philip Morris, British American Tobacco announce global patent settlement

Philip Morris (PM) announced that it has reached a global settlement with British American Tobacco (BTI) that resolves all ongoing patent infringement litigation between the parties related to our heated tobacco and vapor products. Patent protection is a critical component of the innovation driving PMI’s strategies and the company welcomes this settlement as the best path forward for its business plans. The settlement includes non-monetary provisions between PMI and BAT that resolve all ongoing global patent infringement litigation, encompassing all related injunctions and exclusion orders, and prevents future claims against current heated tobacco and vapor products. The settlement also allows each party to innovate and introduce product iterations. PMI is committed to continued innovation in reduced-risk products to further advance Tobacco Harm Reduction.