Some Breather For E-Cigarette Maker Juul As FDA Reconsiders Marketing Denials Issued Two Years Ago
Portfolio Pulse from Vandana Singh
The FDA has rescinded the marketing denial orders (MDOs) issued to JUUL Labs Inc., returning the applications to pending status. This decision follows new case law and additional information provided by JUUL. The FDA continues its review of JUUL's applications, which must be authorized to be legally marketed. The rescission comes after the FDA's updated understanding of e-cigarette products and recent litigation outcomes. JUUL, which owns 41% of the $21.63 billion e-cigarette market, had faced a potential ban and financial difficulties.
June 06, 2024 | 6:08 pm
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Altria Group Inc. (MO), which owns a significant stake in JUUL, may see a positive short-term impact as the FDA rescinds marketing denial orders for JUUL. This decision returns JUUL's applications to pending status, allowing for continued market presence.
Altria Group Inc. owns a significant stake in JUUL. The FDA's decision to rescind the marketing denial orders allows JUUL to continue its market presence, which could positively impact Altria's stock in the short term.
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