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UK regulators license BAT e-cigarette as quit-smoking medicine

Mon, 04th Jan 2016 14:54

LONDON, Jan 4 (Reuters) - Britain's drug regulators havegiven the go-ahead for a British American Tobacco electronic-cigarette vaping device to be sold as a quit smokingmedicine, the first such product to be given a drug licence inthe UK.

The decision to licence BAT's e-Voke product means it cannow be prescribed on the state-funded National Health Servicefor patients trying to give up smoking.

"We want to ensure licensed nicotine containing products --including e-cigarettes -- which make medicinal claims areavailable and meet appropriate standards of safety, quality andefficacy to help reduce the harms from smoking," the Medicinesand Healthcare Products Regulatory Agency (MHRA) said in astatement on Monday.

The statement said the e-Voke licence was granted"recently", and a spokesman told Reuters it was issued "towardsthe end of last year".

Many experts think e-cigarettes, which heat nicotine-lacedliquid into an inhalable vapour, are a lower-risk alternative tosmoking, but since they are relatively new products, there islittle long-term evidence on their safety.

Public Health England, the government's public healthagency, has said it considers e-cigarettes to be at least 95percent safer than tobacco cigarettes, which cause lung cancerand many other diseases and kill half of all those who use them.

BAT said in a statement on its website it is "currentlyevaluating plans to commercialise" e-Voke, which uses cartridgescontaining pharmaceutical grade nicotine.

More than 2 million adults use e-cigarettes in Britain,about a third of whom are ex-smokers and two-thirds currentsmokers, according to the charity Action on Smoking and Health.

Big tobacco firms, including BAT, Philip MorrisInternational, Japan Tobacco and ImperialTobacco Group, are jostling for position in the emergingvaping market, which is estimated at around $7 billion for 2015.

The MHRA said it would "continue to encourage companies tovoluntarily submit medicines licence applications fore-cigarettes and other nicotine containing products asmedicines" and hoped to see more e-cigarettes and nextgeneration nicotine delivery products submit applications infuture. (Reporting by Kate Kelland, editing by Louise Heavens)

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31 Mar 2015 13:22

FTSE 100 movers: Kingfisher surges on store closures, tobacco stocks lower

DIY retailer Kingfisher soared as it impressed investors with plans to close 60 stores, as new chief executive Véronique Laury announced full-year results and set out her plans for a "very different" company. The company announced a £200m cash return for the coming financial year as it revealed adju

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31 Mar 2015 12:11

London midday: FTSE drops sharply to two-week low at quarter-end

After a brief stint in positive territory, UK stocks dropped sharply into the red by Tuesday lunchtime as concerns about the Eurozone outweighed upbeat data closer to home. London's FTSE 100, which rose initially to a high of 6,910.07, had sunk over 1% to 6,819.82 by midday. The index has not closed

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31 Mar 2015 09:14

London open: Stocks inch higher, but gains limited early on

UK stocks edged higher on Tuesday morning ahead of a busy day for economic data, with B&Q owner Kingfisher leading the rise early on. The FTSE 100 was up 0.1% at 6,896.06, extending gains after snapping a four-day losing streak on Monday. Asian stocks rose on Tuesday after Beijing unveiled new meas

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31 Mar 2015 09:03

BUZZ-Imperial Tobacco: Reynolds/Lorillard deal in focus

** Imperial Tobacco (IMT) retreats further from a record hit earlier this mth in robust volume amid jitters around proposed Reynolds/Lorillard merger ** IMT, which stands to acquire brands sold by two groups, up some 13 pct since deal announced July (vs flat showing from rival British Ameri

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31 Mar 2015 08:55

FTC recommends lawsuit to block $27bn merger Reynolds American and Lorillard

The Federal Trade Commission has recommended a lawsuit to prevent a proposed $27bn merger between tobacco giants Reynolds American and Lorillard. US regulators are due to meet on Tuesday on a merger vote, which is understood to be involving the world's second and third-biggest cigarette makers. How

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31 Mar 2015 00:01

One in five teens have tried e-cigarettes, a British study finds

LONDON, March 31 (Reuters) - One in five teenagers have experimented with e-cigarettes, a large study of British school students showed on Tuesday, fuelling debate about the widespread availability of the electronic devices. Many experts view the metal tubes that heat nicotine-laced liquid

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29 Mar 2015 18:59

MEDIA-Tobacco companies to meet with FTC ahead of merger decision - WSJ

-- Source link: (http://on.wsj.com/1Mkj6vg) -- Note: Reuters has not verified this story and does not vouch for its accuracy

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23 Mar 2015 13:29

US bond market buckles after surge

(This is an article from the March 20 edition of the International Financing Review, a Thomson Reuters publication) By Danielle Robinson NEW YORK, March 23 (IFR) - The glut of high-grade bond supply in the US dollar market finally took its toll in the past week, as the market staggere

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23 Mar 2015 07:09

SPECIAL REPORT-When it comes to e-cigs, Big Tobacco is concerned for your health

By Martinne Geller LONDON, March 23 (Reuters) - The health warning on a MarkTen electronic cigarette package is 116 words long. That's much longer than the warnings on traditional cigarette packs in the United States. Nicotine, the e-cigarette warning says, is "addictive and habit-for

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23 Mar 2015 06:59

SPECIAL REPORT-When it comes to e-cigs, Big Tobacco is concerned for your health

By Martinne Geller LONDON, March 23 (Reuters) - The health warning on a MarkTen electronic cigarette package is 116 words long. That's much longer than the warnings on traditional cigarette packs in the United States. Nicotine, the e-cigarette warning says, is "addictive and habit-for

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19 Mar 2015 14:35

Sector Movers: Real estate and housebuilders in the green, but tobacco takes a hit

The UK 2015 Budget continues to impact market sentiment as real estate and housebuilding stocks followed oil and gas services companies in posting an uptick in performance. In his final budget before the General Election on May 7, Chancellor George Osborne announced a series of measures considered t

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19 Mar 2015 13:44

FTSE 100 movers: Next slumps on weak outlook, tobacco stocks lower

Shares in Next slumped as the fashion retailer took a cautious view of the outlook for the 2015-2016 financial year, saying some of its collections are "not as strong as they were at this point last year". Tobacco stocks such as British American Tobacco and Imperial Tobacco Group were among the wors

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16 Mar 2015 19:04

UK cigarette packet branding ban passes final legislative hurdle

LONDON, March 16 (Reuters) - Plans to ban branding on cigarette packaging in England passed their final legislative hurdle on Monday after lawmakers in Britain's upper house of parliament approved them, meaning firms will be forced to adopt plain, standardised packets. The move, which had b

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13 Mar 2015 20:44

MEDIA-FTC turns up scrutiny on Reynolds-Lorillard deal with questions on Imperial - WSJ

-- Source link: (http://on.wsj.com/1wFcsZr) -- Note: Reuters has not verified this story and does not vouch for its accuracy

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13 Mar 2015 11:19

CORRECTED-BUZZ-The UK stocks exposed to a weaker euro

** Big swing in euro exchange rate puts spotlight on UK companies with significant customer bases in the eurozone ** EURGBP approaching 0.70, fall of 9.2 pct YTD has already outstripped 6.6 pct fall in 2014 ** Several FTSE 100 stocks derive more than 50 pct revenues in euros **

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