• April 26, 2024

Strategic agreement

 Strategic agreement

Philip Morris International and Parallax have signed a strategic collaboration agreement to develop and commercialize an effective nicotine-delivery system that leverages advanced technologies in pulmonary medicine.
The co-founders of Parallax, Noe Zamel and Arthur Slutsky, are Canadian leaders in pulmonary research and medicine, with global reputations and more than 750 peer-reviewed publications between them.
For years, they have been firm believers in tobacco harm reduction: the policy of providing safer alternatives to people who smoke as a complement to measures meant to encourage quitting and discourage people from starting to smoke.
Since its founding, Parallax has assembled a world-class team of experts in formulation, device design, pharmaceutical quality manufacturing, product research and consumer insights.
“Science and technology will be essential to a future where all men and women who smoke switch to better alternatives,” said Manuel Peitsch, PMI’s chief scientific officer.
“Our collaboration with Parallax, founded by world-renowned experts in pulmonary research and technology, is another step forward and will give us access to innovative technologies and expertise.”
“Our team couldn’t be more excited about this next step in our journey—working with the global leader in smoke-free innovation and collaborating with its scientific team in fulfilling our joint mission of replacing what we all know is the most harmful delivery system for nicotine—the cigarette—with innovative alternatives that clearly move smokers to a better place in the harm reduction continuum,” said Parallax’s CEO Steven Ellis.