FDA Authorizes Marketing of 22nd Century Group’s Proprietary Moonlight® and Moonlight® Menthol Cigarettes
December 17 2019 - 1:34PM
22nd Century Group, Inc. (NYSE American: XXII), a plant
biotechnology company that is a leader in tobacco harm reduction,
Very Low Nicotine Content (VLNC) tobacco, and hemp/cannabis plant
research, announced today that the U.S. Food and Drug
Administration (FDA) has found that the marketing of 22nd Century
Group’s proprietary Moonlight® and Moonlight® Menthol brand
cigarettes are “appropriate for the protection of the public
health,” and the FDA has issued marketing orders to permit the sale
of these products in the U.S. This FDA authorization follows the
FDA’s review of the Premarket Tobacco Product Applications (PMTA)
previously submitted by 22nd Century Group.
“FDA authorization of 22nd Century’s proprietary Moonlight® and
Moonlight® Menthol brand cigarettes is a major milestone in our
efforts to drive meaningful change in the tobacco industry,” said
Michael Zercher, President and Chief Operating Officer of 22nd
Century Group. “22nd Century joins just two other companies in
having marketing orders granted under the FDA’s PMTA regulatory
pathway. Those other companies, Philip Morris International
and Swedish Match, are very large, global tobacco companies with
significant financial, scientific and regulatory affairs resources,
so we are extremely proud of the world-class work done by our
regulatory team to successfully secure this marketing authorization
from the FDA.”
The FDA also issued a news release today explaining why
Moonlight® and Moonlight® Menthol brand cigarettes received
authorization for marketing and sales of the products in the U.S.
market. In that news release, Mitch Zeller, J.D., the Director of
the FDA’s Center for Tobacco Products, stated, “Conventional
cigarettes are designed to create and sustain addiction to
nicotine. In announcing the FDA’s comprehensive plan to regulate
tobacco and nicotine in July 2017, we noted our commitment to
taking actions that will allow more addicted smokers to reduce
their dependence and decrease the likelihood that future
generations will become addicted to cigarettes… Today’s
authorization represents the first product to successfully
demonstrate the potential for these types of tobacco products to
help reduce nicotine dependence among addicted smokers.” The
FDA news release further provides that, “The agency determined that
non-smokers, including youth, are also unlikely to start using the
products, and those who experiment are less likely to become
addicted than people who experiment with conventional
cigarettes.”
“We look forward to continuing to work with the FDA regarding
our separate Modified Risk Tobacco Product application and to
supporting the FDA’s continued work in implementing a reduced
nicotine product standard to require all cigarettes sold in the
U.S. to be made minimally or non-addictive,” commented James W.
Cornell, Chairman of the Board of Directors of 22nd Century Group.
“We remain focused on our core missions of reducing the harm caused
by smoking and building a world-class hemp/cannabis company.”
About 22nd Century Group, Inc.
22nd Century is a plant biotechnology company focused on
technology which allows it to decrease the level of nicotine in
tobacco plants and to modify the level of cannabinoids in
hemp/cannabis plants through genetic engineering and modern plant
breeding. 22nd Century’s growth strategies are focused on
meaningful, long-term, shareholder value creation. The Company’s
first strategic growth objective is to drive change in the tobacco
industry by reducing the harm caused by smoking through the
commercialization of its proprietary Very Low Nicotine Content
tobacco and related intellectual property. The Company’s second
strategic growth objective is to build a leading, profitable
business in the fast-growing, emerging, legal hemp/cannabis space
by leveraging the Company’s leadership in cannabis plant research,
comprehensive expertise in FDA-regulated spaces, leadership team
with deep experience in consumer-packaged goods, and strong and
flexible balance sheet. To learn more about, 22nd Century please
visit www.xxiicentury.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking information,
including all statements that are not statements of historical fact
regarding the intent, belief or current expectations of 22nd
Century Group, Inc., its directors or its officers with respect to
the contents of this press release, including but not limited to
our future revenue expectations. The words “may,” “would,” “will,”
“expect,” “estimate,” “anticipate,” “believe,” “intend” and similar
expressions and variations thereof are intended to identify
forward-looking statements. We cannot guarantee future results,
levels of activity or performance. You should not place undue
reliance on these forward-looking statements, which speak only as
of the date that they were made. These cautionary statements should
be considered with any written or oral forward-looking statements
that we may issue in the future. Except as required by applicable
law, including the securities laws of the United States, we do not
intend to update any of the forward-looking statements to conform
these statements to reflect actual results, later events or
circumstances, or to reflect the occurrence of unanticipated
events. You should carefully review and consider the various
disclosures made by us in our annual report on Form 10-K for the
fiscal year ended December 31, 2018, filed on March 6, 2019,
including the section entitled “Risk Factors,” and our other
reports filed with the U.S. Securities and Exchange Commission
which attempt to advise interested parties of the risks and factors
that may affect our business, financial condition, results of
operation and cash flows. If one or more of these risks or
uncertainties materialize, or if the underlying assumptions prove
incorrect, our actual results may vary materially from those
expected or projected.
James Vail
22nd Century Group, Inc.
7162701523
jvail@xxiicentury.com
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