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IMB Imperial Brands Plc

1,805.50
-13.50 (-0.74%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Imperial Brands Plc LSE:IMB London Ordinary Share GB0004544929 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -13.50 -0.74% 1,805.50 1,803.00 1,804.00 1,835.50 1,799.50 1,828.50 1,612,837 16:35:08
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Cigarettes 32.48B 2.33B 2.6392 6.84 15.91B

Imperial Brands PLC Statement re FDA announcement (5496H)

16/11/2018 7:00am

UK Regulatory


Imperial Brands (LSE:IMB)
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RNS Number : 5496H

Imperial Brands PLC

16 November 2018

16 November 2018

Imperial Brands responds to FDA announcement

We welcome the US Food and Drug Administration's (FDA) moves to prevent youth access to tobacco and vapour products. We share the same concerns and objectives as the FDA: the use by minors of these products is completely unacceptable. Vapour products are for adult smokers and their sale to anyone underage should be prevented. However, we also recognise the challenge faced by the FDA in balancing concerns regarding youth appeal and access, given the positive public health potential of vapour products.

We believe that through our blu product range we offer adult smokers a significantly better alternative than combustible cigarettes and consistently reinforce this message, while at the same time working actively against youth access to, and usage of, our products.

On the FDA's specific actions, we welcome its commitment to standards for effective age verification for all online sales of vapour products; a technology which we already use on blu.com.

We recognise the FDA's concern over age verification at brick-and-mortar retail outlets and will consider further appropriate actions. The availability of quality vaping products like blu in outlets where tobacco products are sold is vital to help adults transition away from combustible tobacco.

We are developing a connected version of myblu with device locking technology and are greatly encouraged by Commissioner Gottlieb's comment on a process to accelerate development and review of vapour products with child protection features.

We also note today the FDA's proposals regarding menthol cigarettes and flavoured cigars, which would need to be supported by the relevant science and other evidence. Such proposals are likely to require a multi-year process, in which we will be fully engaged.

ENDS

 
 Investor Contacts                 Media Contacts 
                 +44 (0)7970 328                  +44 (0)7967 467 
 Peter Durman     903              Alex Parsons    241 
                 +44 (0)7964 110                  +44 (0)7967 467 
 Matt Sharff      921              Simon Evans     684 
                 +44 (0)7811 974 
 Mat Slade        438 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

STRGGGQPGUPRGBA

(END) Dow Jones Newswires

November 16, 2018 02:00 ET (07:00 GMT)

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