Listen to an exclusive TEVA interview with Dr. Michael Siegel, a professor in the Department of Community Health Sciences at Boston University School of Public Health by TEVA Executive Director Andrew Westerkom about his recent opinion piece in the Wall Street Journal titled "The Misbegotten Crusade Against E-Cigarettes" Dr. Siegel has conducted tobacco research for 25 years and has been an advocate for anti-smoking policies. .
During this conversation Dr. Siegel asserts that the FDA, CDC & California Dept. of Public Health have lied to the public about the health implications of e-cigarettes and calls upon them to, either defend their statements, or publicly recant them. Also, according to Dr. Siegel the lobbying efforts of the American Cancer Society, American Lung Association and American Heart Association "may be doing harm to the public health."
Following the transaction, RAI is projected to have over $11 billion in revenues and following the transaction, RAI is projected to have .... approximately $5 billion in operating income, and its operating companies will have growth pillars across key industry categories: ... (including) VUSE in the growing e-cigarette market.
A subsidiary of Imperial Tobacco Group PLC (“Imperial” or the “Company”) has
entered into a purchase agreement with Reynolds American Inc. (“Reynolds”) for the
acquisition of assets, including a portfolio of US cigarette brands, Winston, Maverick,
Kool, Salem and US and international e-cigarette brand blu, plus the national sales
force, offices and production facilities currently owned by Lorillard Inc.
For more details on the transactions read the press releases below:
Ted Cooper writes an interesting article ("Are E-Cigarettes the Next Big American Success Story?") whereby he makes a compelling argument for the vapor products industry leading a resurgence in on-shore manufacturing.
We already see a majority of the e-juice made in the United States and while the majority of the hardware is designed and manufactured offshore it is certain that more manufacturing opportunities will be available in the near future. China's inability to maintain standards due to patent and design infringement has led to significant confusion within the marketplace and certainly leaves room for american manufacturers.
The concern is how much regulation is to be imposed and how it is to be structured? Regulation at the federal level that allows only large manufactures to design and sell product will lead to less innovation, less product options and ultimately higher prices to the consumer.
TEVA will work with all product manufactures to insure a marketplace that does not choose winners but a playing field whereby the consumer benefits and does not suffer by getting fewer options at a higher price.