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Philip Morris International (PMI) can thank the emerging market of heat-not-burn for not only meeting but beating recent revenue estimates. Earlier this year, the U.S. Food and Drug Administration (FDA) gave Altria approval to sell IQOS in the U.S. [read more here]. There are plans for IQOS to be released in Atlanta sometime this summer. […]
The post Philip Morris International’s Revenue and Stock Jumps Due to IQOS appeared first on Tobacco Business Magazine.
Altria Group, Inc. has revealed that it has received authorization from the U.S. Food and Drug Administration (FDA) to sell its heat-not-burn device, IQOS, in the U.S. market. The FDA authorization follows IQOS’ premarket tobacco product application (PMTA) that was submitted by Philip Morris International, Inc. (PMI). Philip Morris USA (PM USA) has an exclusive […]
The post FDA Authorizes Philip Morris USA to Sell IQOS in U.S. appeared first on Tobacco Business Magazine.