Flavored Vapes From China Are Overwhelming the FDA's Resources [BNN Bloomberg (Canada)]
Altria Group, Inc. (MO)
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Source: BNN Bloomberg
The FDA has received around 27 million applications to sell vaping products and more keep coming in with only slight changes to product designs, said Brian King, director of the agency's Center for Tobacco Products, speaking at a Senate hearing on Wednesday. The agency is also overwhelmed by lawsuits that challenge its denial orders, he added. At the same time, the FDA has sent hundreds of warning letters for unapproved vaping products and fined some companies that sold devices without approval, King said. “We acknowledge that there's more to do,” he told the Senate Judiciary Committee. Earlier this week, the FDA and Justice Department announced a multi-agency task force to tackle the problem. Many unapproved products are made in China and enter the country declared as something else in order to evade detection, said Arun Rao, deputy assistant attorney general of the DOJ's Consumer Protection Branch, at the hearing. The products compete with the 23 that the FDA has authorized
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- 4/25/24 - In-Line
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Sec Filings
- 6/7/24 - Form 11-K
- 6/7/24 - Form 11-K
- 6/5/24 - Form 10-K/A
- MO's page on the SEC website