IntelliAM aiming for significant growth with £5 million Aquis IPO. Watch the video here.

Less Ads, More Data, More Tools Register for FREE
Bradda Head  Lithium exceeds targets, secures US$3 million royalty and moves closer to production
Bradda Head Lithium exceeds targets, secures US$3 million royalty and moves closer to productionView Video
IntelliAM aiming for significant growth with £5 million Aquis IPO
IntelliAM aiming for significant growth with £5 million Aquis IPOView Video

Latest Share Chat

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)

Related Shares

More News
28 Jun 2024 20:26

US urges dismissal of lawsuit demanding menthol cigarette ban

June 28 (Reuters) - The Biden administration asked a federal judge to dismiss a lawsuit by anti-smoking groups demanding that it end nearly a year o...

28 Jun 2024 19:01

US urges dismissal of lawsuit seeking menthol cigarette ban

June 28 (Reuters) - The Biden administration asked a federal judge to dismiss a lawsuit by anti-smoking groups demanding that it end nearly a year o...

24 Jun 2024 12:38

IN BRIEF: British American Tobacco agrees to buy back shares from UBS

British American Tobacco PLC - London-based cigarette and vaping products maker - Enters into an "irrevocable, non-discretionary" agreement to buys ba...

20 Jun 2024 15:33

UK dividends calendar - next 7 days

13 Jun 2024 13:47

UK's Labour promises to ban smoking for younger generations

LONDON, June 13 (Reuters) - Britain's opposition Labour Party said it would stop the next generation from legally buying cigarettes if it wins a nat...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.