Philip Morris International Funds Anti-Smoking Foundation

Nov.21.2022
Philip Morris International Funds Anti-Smoking Foundation
Philip Morris creates anti-smoking fund with $1 billion allocation over 12 years, met with skepticism from experts.

In September 2017, one of the major tobacco companies, Philip Morris International (PMI), announced its bold move to allocate $1 billion to establish a foundation that aims to curb smoking. PMI pledged to provide an additional $80 million annually towards this initiative for the next 12 years.


At the time, many anti-smoking experts suspected that this move was simply to ensure the popularity and success of Philip Morris' reduced harm product, iQOS. On the other hand, Derek Yach, a well-known anti-tobacco activist who played a major role in the development of the 2005 World Health Organization Framework Convention on Tobacco Control (FCTC), accepted the position of president of the foundation.


Inclusive approach


At the time, Yach assured his colleagues that he had not "gone to the dark side," adding that his relationship with PMI was based on opportunity rather than trust. "I'm not naive enough to believe that Philip Morris did this to achieve a warm fuzzy feeling about reducing the death rate. No, they wanted to have a lower-risk product and make a profit. That's the beginning and end of it.


Meanwhile, last year, Yach announced that he would be leaving the foundation, but he still believes that tobacco innovation is the way forward. Recently, Tobacco Reporter focused their entire issue on innovation and as part of this, they interviewed the former president of the Foundation for a Smoke-Free World.


This document has been generated through artificial intelligence translation and is provided solely for the purposes of industry discourse and learning. Please note that the intellectual property rights of the content belong to the original media source or author. Owing to certain limitations in the translation process, there may be discrepancies between the translated text and the original content. We recommend referring to the original source for complete accuracy. In case of any inaccuracies, we invite you to reach out to us with corrections. If you believe any content has infringed upon your rights, please contact us immediately for its removal.

SKE’s Parent Company Yinghe Technology Reports 80% Drop in Q3 Net Profit, Revenue Up 22.85% Year-on-Year
SKE’s Parent Company Yinghe Technology Reports 80% Drop in Q3 Net Profit, Revenue Up 22.85% Year-on-Year
Yinghe Technology (SZ: 300457), parent company of SKE, saw Q3 net profit plunge 80.3% to 31.06 million yuan, while revenue rose 22.85% to 2.52 billion yuan. The decline was mainly driven by higher costs and expenses.
Oct.28 by 2FIRSTS.ai
Altria Director George Muñoz to Retire After 2026 Shareholder Meeting;
Altria Director George Muñoz to Retire After 2026 Shareholder Meeting;
Altria director George Muñoz plans to retire post-2026 annual meeting, not seeking re-election. Annual meeting expected on May 14.
Oct.15 by 2FIRSTS.ai
Russian lawmakers propose total ban on e-cigarette sales, in response to Putin's call for protection of youth health
Russian lawmakers propose total ban on e-cigarette sales, in response to Putin's call for protection of youth health
Russian Duma members propose nationwide ban on e-cigarette sales in response to Putin's call for youth health protection.
Nov.28 by 2FIRSTS.ai
U.S. FDA Includes Cytisinicline for Vaping Addiction in National Priority Voucher Program, Shortens Review to 1–2 Months
U.S. FDA Includes Cytisinicline for Vaping Addiction in National Priority Voucher Program, Shortens Review to 1–2 Months
The U.S. Food and Drug Administration (FDA) has added Cytisinicline, a plant-based therapy developed by Achieve Life Sciences for nicotine vaping addiction, to its new National Priority Voucher (CNPV) program. The initiative shortens drug review timelines from 10–12 months to just 1–2 months, expediting approval for treatments that address major public health needs.
Oct.20 by 2FIRSTS.ai
Bloomberg-Backed Campaign Wins as Denver Votes to Ban Flavored Nicotine
Bloomberg-Backed Campaign Wins as Denver Votes to Ban Flavored Nicotine
Denver voters have upheld the city’s ban on flavored nicotine products—including fruity vapes and menthol cigarettes—with 72% in favor during the Nov. 4 election. The “Yes on 310” campaign, backed by $5 million from Michael Bloomberg, celebrated the result as a major victory for youth health. Opponents, mostly local vape shop owners, warned of economic harm and called the spending imbalance unfair.
Nov.05 by 2FIRSTS.ai
UK to Implement e-cigarette Product Tax and Stamp Plan from October 1, 2026
UK to Implement e-cigarette Product Tax and Stamp Plan from October 1, 2026
HMRC announces e-cigarette tax stamp plan to combat illicit trade starting October 1, 2026 alongside VPD policy enforcement.
Nov.27 by 2FIRSTS.ai