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PMI/Altria plan to submit a 2-3 million page MRTP application for iqos to FDA by end of 2016, to submit PMTA for iqos to FDA in 2017, and claim iqos is currently available in 10 cites (but didn’t say where), documenting that iQOS was sold in the US (in select undisclosed location(s)) on August 8, 2016.
Philip Morris’s Cigarette Alternative Could Hit U.S. in 2017
Philip Morris Readies iQOS for the U.S.
The the only other MRTP application submitted to FDA by Swedish Match (for General snus brands) was more than 180,000 pages long. Both of these MRTP applications vindicate my calling FDA's draft Guidance for MRTP applications a "Ten million dollar truth tax" since 2012 (in my oral and written testimonies to FDA, and in many of my presentations and writings).
Also on IQOS (marketed as "Marlboro heat-sticks" in Japan) last week, Philip Morris International (PMI):
- reported a 5.4% cigarette volume decline in 3Q16 (as vapor sales keep increasing);
- reported a 755% increase in Marlboro HeatSticks (iQOS) shipment volume (to 2.1 Billion units); and
- attributed PMI's 5.8% cigarette volume decline in Japan partly to skyrocketing sales of Marlboro HeatSticks, which now have 3.5% of Japan's cigarette+iQOS market share.
PMI.com 2016 Press Releases
Philip Morris' cigarette shipments hurt earnings
Philip Morris Earnings Flat as Cigarette Shipments Decline
Philip Morris’s Cigarette Alternative Could Hit U.S. in 2017
Philip Morris Readies iQOS for the U.S.
The the only other MRTP application submitted to FDA by Swedish Match (for General snus brands) was more than 180,000 pages long. Both of these MRTP applications vindicate my calling FDA's draft Guidance for MRTP applications a "Ten million dollar truth tax" since 2012 (in my oral and written testimonies to FDA, and in many of my presentations and writings).
Also on IQOS (marketed as "Marlboro heat-sticks" in Japan) last week, Philip Morris International (PMI):
- reported a 5.4% cigarette volume decline in 3Q16 (as vapor sales keep increasing);
- reported a 755% increase in Marlboro HeatSticks (iQOS) shipment volume (to 2.1 Billion units); and
- attributed PMI's 5.8% cigarette volume decline in Japan partly to skyrocketing sales of Marlboro HeatSticks, which now have 3.5% of Japan's cigarette+iQOS market share.
PMI.com 2016 Press Releases
Philip Morris' cigarette shipments hurt earnings
Philip Morris Earnings Flat as Cigarette Shipments Decline