Published: Sat, July 29, 2017
Markets | By Erika Turner

FDA announces plans to slash nicotine levels in cigarettes

FDA announces plans to slash nicotine levels in cigarettes

While additional steps will be required by the FDA and other federal agencies to support further enhancements to product development and to fully integrate a tobacco harm reduction component into current tobacco control programming, today's news is likely to accelerate the remarkable recent declines in cigarette use in the United States. Health care and lost productivity costs come in at almost $300 billion annually, according to the FDA.

"Tobacco.is the only legal consumer product that, when used as intended, will kill half of all long-term users", FDA Commissioner Scott Gottlieb, MD, said in a press release.

While the FDA's exertion is probably going to be vigorously restricted by cigarette creators, for example, Altria Group Inc. also, British American Tobacco Plc, the move by the office is gone for one of the U.S's.

Under new guidelines, applications for newly regulated products, such as cigars, pipe tobacco and hookah tobacco will need to be submitted by August 8, 2021.

FDA claimed nicotine is most harmful when delivered through smoke particles in combustible cigarettes and that less harmful products like e-cigarettes should be explored.

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But it also includes a pledge to look at the role of menthol cigarettes and other flavored tobacco products created to appeal to youth, and the health impacts of smoking premium cigars.

The agency says the new plan isn't meant to simply snuff out a multi-billion dollar industry, but rather to encourage companies to develop innovative products that prove to be less risky than cigarettes.

It plans to start a public dialogue about lowering nicotine levels through achievable product standards in addition to seeking input on approaches to regulate kid-appealing flavors in e-cigarettes and cigars, considering that 90% of adults smokers started the habit before the age of 18.

Other e-cigarette regulations, such as a ban on the sale of the devices to minors, will remain in place.

By Friday evening in London, the slide in stocks was poised to wipe billions off the market value of the world's biggest tobacco producers, according to Thomson Reuters.

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