Altria Group’s Statement on FDA’s Tobacco Regulatory Plan
July 28 2017 - 1:33PM
Business Wire
Today, Altria Group, Inc. (Altria) issued the following
statement in response to the U.S. Food and Drug Administration’s
(FDA) tobacco regulatory plan:
We think today’s announcement is an important evolution in the
Agency’s approach to regulating tobacco products and a meaningful
step forward in developing a comprehensive regulatory policy that
acknowledges the continuum of risk. We supported FDA regulation
because, among other things, it created a framework for
communication about reduced harm products. Reconsideration of the
rules and timelines for newly deemed products is an important and
timely step in this effort. The process outlined by the
Commissioner today will allow all stakeholders the opportunity to
participate in a science and evidence based regulatory framework
which is “transparent, predictable, and sustainable.”
It’s important to understand that any proposed rule such as a
nicotine product standard must be based on science and evidence,
must not lead to unintended consequences and must be technically
achievable. Establishing a standard of any sort is a deliberative
process, with multiple opportunities for interested parties to
provide perspectives. We intend to be fully engaged throughout this
process.
Altria’s Profile
Altria’s wholly-owned subsidiaries include Philip Morris USA
Inc., U.S. Smokeless Tobacco Company LLC, John Middleton Co.,
Sherman Group Holdings, LLC and its subsidiaries, Nu Mark LLC, Ste.
Michelle Wine Estates Ltd. and Philip Morris Capital Corporation.
Altria holds an equity investment in Anheuser-Busch InBev
SA/NV.
The brand portfolios of Altria’s tobacco operating companies
include Marlboro®, Black & Mild®,
Copenhagen®, Skoal®, MarkTen® and Green
Smoke®. Ste. Michelle produces and markets premium wines
sold under various labels, including Chateau Ste. Michelle®,
Columbia Crest®, 14 Hands® and Stag’s Leap Wine
Cellars™, and it imports and markets Antinori®,
Champagne Nicolas Feuillatte™, Torres® and Villa
Maria Estate™ products in the United States. Trademarks and
service marks related to Altria referenced in this release are the
property of Altria or its subsidiaries or are used with permission.
More information about Altria is available at altria.com and on the
Altria Investor app.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170728005607/en/
Altria Client ServicesInvestor Relations804-484-8222orAltria
Client ServicesMedia Relations804-484-8897
Altria (NYSE:MO)
Historical Stock Chart
From Aug 2024 to Sep 2024
Altria (NYSE:MO)
Historical Stock Chart
From Sep 2023 to Sep 2024