financetom
Business
financetom
/
Business
/
In a first, FDA authorizes flavored vape products from Altria's NJOY for sale
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
In a first, FDA authorizes flavored vape products from Altria's NJOY for sale
Jun 21, 2024 12:05 PM

June 21 (Reuters) - The U.S. Food and Drug

Administration authorized four of Altria's ( MO ) menthol

e-cigarette products for sale in the country on Friday, making

them the first ever flavored vapes the agency has permitted on

the market.

The decision shows vape makers can provide evidence

satisfying the FDA that the benefits their products offer in

terms of helping smokers quit outweigh the risks posed to youth.

"In this instance, the strength of evidence of benefits to

adult smokers from completely switching to a less harmful

product was sufficient to outweigh the risks to youth," said

Matthew Farrelly, director of the Office of Science at the FDA's

Center for Tobacco Products.

The FDA first began regulating e-cigarettes in August 2016

and it has authorized 27 e-cigarette products for sale in the

U.S. to date, including Altria ( MO )-owned NJOY's menthol vape

products.

The regulator has rejected the vast majority of the 26

million applications it has reviewed so far, including from

British American Tobacco ( BTI ), and all of those relating to

flavored products.

This has sparked pushback from the industry, with

manufacturers launching court cases to challenge its decisions,

some of which were successful.

The agency's nod to Altria's ( MO ) NJOY menthol vape products was

a positive for the broader industry sentiment, and bodes well

for flavors ultimately getting back on the market with Bluetooth

age-verified technology, Jefferies analyst Owen Bennett said in

a note.

The U.S. is the world's largest market for e-cigarettes, and

the FDA has had to crack down on the sale and distribution of

illicit vapes.

"This decision is especially troubling given the FDA's

failure to do its job and clear the market of unauthorized,

illegal e-cigarette products," said Yolonda Richardson, CEO of

Campaign for Tobacco-Free Kids, adding that the decision was

"hard to understand".

The FDA's authorization comes at a time when the U.S.

government is reviewing a potential ban on menthol cigarettes.

Earlier this month, the FDA rescinded market denial orders

issued in 2022 for four varieties of Juul Lab's tobacco and

menthol-flavored pods and its e-cigarette device.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved