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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
British American Tobacco Plc | LSE:BATS | London | Ordinary Share | GB0002875804 | ORD 25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-9.50 | -0.35% | 2,725.50 | 2,720.50 | 2,721.00 | 2,742.00 | 2,713.00 | 2,733.00 | 2,483,833 | 16:35:29 |
Industry Sector | Turnover (m) | Profit (m) | EPS - Basic | PE Ratio | Market Cap (m) |
---|---|---|---|---|---|
Cigarettes | - | - | 271.3 | 40.6 | 272,539.87 |
By Dean Seal
The U.S. Food and Drug Administration has denied a British American Tobacco PLC unit's marketing applications for two menthol e-cigarette replacement cartridges.
The agency said Friday that it has ordered the R.J. Reynolds Vapor Co. to stop marketing the e-cigarette products, which are sold under the Vuse Solo brand.
R.J. Reynolds Vapor, a subsidiary of British American Tobacco's Reynolds American Inc., submitted premarket applications that "lacked sufficient evidence" showing that marketing the e-cigarette products would be appropriate for the protection of public health, the FDA said.
"Specifically, evidence submitted by the applicant did not demonstrate that its menthol-flavored e-cigarettes provide an added benefit for adult smokers relative to tobacco-flavored e-cigarettes," according to the FDA.
The FDA said menthol-flavored e-cigarettes have a higher risk "with regard to youth appeal, uptake and use" than their tobacco-flavored counterparts. Because of that, applicants have to provide robust evidence that their menthol-flavored vape products do a better job than tobacco-flavored e-cigarettes at promoting a switch from, or reduction in use of, traditional cigarettes in adult smokers, according to the regulator.
Retailers of the unauthorized e-cigarette products should contact R.J. Reynolds Vapor with any questions about products in their inventory, the FDA said.
A spokesman for R.J. Reynolds Vapor didn't immediately respond to a request for comment.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
March 17, 2023 11:54 ET (15:54 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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