Smoore International's Client Has 7 Products Authorized by FDA, Stock Surged over 10%

Business by 2FIRSTS.ai

Jul.22.2024

Smoore International's Client Has 7 Products Authorized by FDA, Stock Surged over 10%

Smoore International (06969.HK) announces approval for seven e-cigarette products by RJ Reynolds Vapor Company through PMTA pathway.

On July 21, the Hong Kong-listed company Smoore International (06969.HK) announced that its customer, R.J. Reynolds Vapor Company, has been authorized through the Pre-Market Tobacco Product Application (PMTA) pathway to sell seven e-cigarette products in the United States starting July 18, 2024. The products include the Vuse Alto Power Unit and six closed, pre-filled, non-refillable Vuse Alto tobacco flavored pods: Vuse Alto Pod Golden Tobacco 5%, Vuse Alto Pod Rich Tobacco 5%, Vuse Alto Pod Golden Tobacco 2.4%, Vuse Alto Pod Rich Tobacco 2.4%, Vuse Alto Pod Golden Tobacco 1.8%, and Vuse Alto Pod Rich Tobacco 1.8%. According to Smoore International's sales records from the beginning of this year until the date of the announcement, the group has supplied these seven products to the RJR Group.

Smoore International expressed that they are greatly encouraged by their client R.J. Reynolds Vapor Company's successful premarket tobacco product application approval, believing that this will provide clearer guidance for the group to better deploy resources in the U.S. market.

As of the time of writing, Smoore International (06969) surged over 10% in early trading, reaching 9.5 Hong Kong dollars with a trading volume of 1.237 billion Hong Kong dollars.

References:

[1] 内幕消息：上市前烟草产品申请更新

Also Read:

[1] FDA-Authorized VUSE E-Cigarettes: Diverse Nicotine Levels in Tobacco Flavors

[2] FDA Authorizes 7 VUSE Tobacco-Flavored E-cigarette Products for Sale in US

#North America #United States #Pod system e-cigarettes #FDA #Major companies #Product

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