The U.S. Food and Drug Administration is reportedly preparing an order to remove Juul Labs vaping products from the market.
"Juul is largely responsible for the youth vaping epidemic," Sward said. The study is ongoing, but some have kicked the habit by switching to e-cigarettes, he said. In 2020, the FDA required all e-cigarette and vaping companies to submit applications to continue marketing products.
Brand-loyal vapers are flocking to their favorite shops to stock up on Juul Labs Inc.'s e-cigarettes, amid news that the products could soon be taken off the ...
FDA is preparing to remove controversial e-cigarette brand from U.S. market, complicating Altria's push into smoke-free products.
A Juul ban is just the latest bad news for Altria. In April, the FDA said it would push ahead with plans to ban menthol cigarettes, a category that generates around one-fifth of the company’s operating profit. Altria’s exclusivity obligations to Juul end if the value of its stake falls below $1.3 billion, Bernstein notes. Juul has pulled out of more than a dozen countries and stopped selling fruit- and candy-flavored e-cigarettes in the U.S. after young people flocked to these products. This represents multiples of the $1.7 billion book value of the cigarette giant’s 35% stake in Juul, which has taken several impairments from its original $12.8 billion price tag. At its 2019 peak, Juul generated annual sales of $2 billion and attracted high-profile shareholders, including investment fund Tiger Global, which still has a $511 million investment in the vape brand. Banning Juul in the U.S., where it was on track to make 94% of its revenue this year, would put the business in serious jeopardy.
Anti-smoking advocates said they are cautiously optimistic following a report that the Food and Drug Administration (FDA) is preparing to remove Juul's ...
The reported news comes the same week the Biden administration announced plans to reduce nicotine levels in cigarettes.
As the WSJ reported, the FDA has cleared several of Juul's rivals, including Reynolds American Inc. and NJOY Holdings Inc., to keep tobacco-flavored e-cigarettes on the market. The ban follows a broad review of Juul, which needs FDA authorization for its e-cigarettes to stay on the market. E-cigarettes were initially marketed toward former smokers to help them avoid the harmful effects of real cigarettes; they work by converting liquid nicotine into vapor.
For close to a decade after their launch in the 2000s, e-cigarettes, vapes, and other electronic nicotine and tobacco products were largely unregulated products ...
The differences between Juul and its competitors are minimal at best—especially now that the sweet and fruity-flavored products once synonymous with Juul have also been banned by the FDA. Juul is reportedly being hit with a ban because it was the first to get caught and will be made an example of. Amazon leverages its ever-growing empire in market after market to push down working conditions, crush competitors, and degrade the quality of products generally. Or take Amazon. As a result of one problem it created (how to deliver things faster), the lives of millions have been warped to fit its needs. Why is so much energy spent on preserving and tinkering with various technologies despite their harm, as opposed to simply saying they must be abolished because the costs are too much to bear? In fact, while the FTC filed an antitrust complaint against Juul alleging Altria purchased its stake in Juul with an agreement to not compete with Juul, it was dismissed by a judge this year. Startups that offer financial products and platforms as a way to escape poverty or achieve financial independence, but more closely resemble casinos that impoverish traders before herding them right back inside. In 2018, the company (which then controlled nearly 80 percent of the e-cig market) caught the FDA’s attention thanks in part to the revelation that it was targeting minors with advertising on children’s websites as well as with the introduction of fruity, candy, dessert, and other sweet flavors. Also no, because Juul’s competitors—Reynolds American Inc. and NJOY Holdings—got approval in October 2021 and April 2022 to put their tobacco-flavored e-cigarettes on the market. All of it appears to have been for nought: while Juul will appeal the decision, if approved it’ll lock the company out of the market where most of its sales are. In Juul's case, it advertised its products to children before pivoting and advertising its products as a way for adults to quit smoking. In the meantime, tobacco giant Altria Group (the parent company of Phillip Morris) acquired a 35 percent stake in Juul for $12.8 billion in 2018. Regulations slowly caught up over the years—the passage of the Phillip Morris-backed 2009 Family Smoking Prevention and Tobacco Control Act gave the FDA regulatory authority over tobacco products, but also grandfathered in pre-existing tobacco products and effectively protected existing tobacco companies from competing against alternatives—culminating in 2016, when the FDA published a rule classifying electronic nicotine delivery systems (e-cigs, vape pens, etc.) as tobacco products.
The FDA has cleared the way for Juul's biggest rivals to keep tobacco-flavored e-cigarettes on the market, but a similar approval might not happen for Juul.
Juul asked to continue selling its tobacco- and menthol-flavored products in 3 percent and 5 percent nicotine strengths. Its appeal to young people, which has raised concerns of reversing long-term declines in the number of youths picking up smoking, is what first got the company into trouble with the FDA. Newsweek has contacted the FDA and Juul for comment. The news was reported by The Wall Street Journal on Wednesday, which cited people familiar with the matter as its sources. Since then, the company has been trying to adapt to the closer scrutiny of regulators and the public, stopping the sale of sweet and fruity flavors in 2019 and voluntarily shutting down its The Food and Drug Administration ( FDA) is set to take Juul e-cigarettes off the market in the U.S., three years after the company stopped selling its fruity and sweet flavors after being accused of targeting minors.