Market Chatter: British American Tobacco Unit Postpones Vape Product Launch

MT Newswires Live10-28

British American Tobacco's (BTI) Reynolds American unit postponed the launch of its Vuse One vape product in certain states, Reuters reported Tuesday, citing a Reynolds American spokesperson.

Reuters said the move comes amid the US Food and Drug Administration's crackdown on unregulated products, noting that the unit had planned the launch even without FDA approval.

The spokesperson told Reuters that Reynolds American will instead focus on its existing products. The news outlet added that these products include a nicotine pouch that is already available for sale, without FDA approval.

Vuse One has a pending FDA application, according to Reuters. The spokesperson said the launch will be moved to an "appropriate time."

British American Tobacco and Reynolds American did not immediately respond to MT Newswires' requests for comments.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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