6/1/23 - ArmaVir Completes Sale of its Ownership Position in NJOY to Altria

ArmaVir Partners is pleased to announce the sale of its ownership position in NJOY Holdings, Inc. to Altria Group, Inc. Altria purchased 100% of NJOY for $2.75 billion ($3.25 billion including prospective earnout payments).

NJOY is a pioneer in vaping and a leader in a revolution against combustible cigarettes. NJOY’s mission is to “make smoking history”. Lee Chaikin served as a board member (and chairman of audit committee) of NJOY.