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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Altria Group Inc | NYSE:MO | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 43.98 | 0 | 01:00:00 |
From May 2019 to May 2024
By Jennifer Maloney
The Food and Drug Administration said it would allow two of the world's biggest cigarette makers to start selling in the U.S. a hand-held device that heats but doesn't burn tobacco, though the agency hasn't yet ruled on whether they will be allowed to market it as safer than cigarettes.
Philip Morris International Inc. has spent billions of dollars and years developing the product, called IQOS, which is already sold in several other countries. It has been waiting for FDA approval for its U.S. partner Altria Group Inc. to market IQOS to adult smokers.
IQOS is a hand-held device that heats tobacco but doesn't burn it, so it doesn't produce smoke when users inhale. It differs from other smoking alternatives like e-cigarettes that produce vapor from nicotine-laced liquid.
(END) Dow Jones Newswires
April 30, 2019 14:45 ET (18:45 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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