business

Tobacco shares fall as a result of concerns about the FDA's plans

Tobacco shares fall as a result of concerns about the FDA's plans

(Bloomberg) – British American Tobacco Plc and Imperial Brands Plc led a decrease in cigarette stocks amid concerns that the US Food and Drug Administration (FDA) is planning to propose strict limits on the amount of nicotine in traditional cigarettes.

BAT fell by 5.4 percent and Imperial by 7 percent to slow down part of the decline. Research shows that reducing the amount of nicotine in a cigarette to 96 percent would improve public health, said Lynn Hull, a pharmacologist at the FDA's Tobacco Products Center, on Thursday in an online presentation of a summary of recent studies. about the subject

Although the conference was preceded by a disclaimer clause that did not formally represent the FDA's position, speculation generated that some measures could be planned. The agency said in March that it is planning a nicotine reduction proposal, although analysts say it will take years to implement it.

"By making all cigarettes minimally addictive, the morbidity and mortality caused by smoking can be significantly reduced," Hull said. With an estimated 480,000 deaths per year of causes related to smoking in the US, FDA Commissioner Scott Gottlieb is working on developing a plan to change the regulation of traditional cigarettes and new smoking alternatives.

Post Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.