On June 21, the U.S. Food and Drug Administration (FDA) approved four NJOY products through the Premarket Tobacco Product Application (PMTA) path. The FDA issued a marketing authorization order to NJOY, a subsidiary of Altria, including two cartridges for use in its Ace closed e-cigarette device (approved in April 2022) and two disposable e-cigarettes-NJOY DAILY Menthol 4.5% and NJOY DAILY EXTRA Menthol 2.4%.
The two authorized ACE cartridges are NJOY ACE cartridges 2.4% menthol and NJOY ACE cartridges 5% menthol.
The decision is significant because it is the first time that the FDA has authorized mint-flavored e-cigarette products to pass the PMTA. However, the FDA pointed out that applications are reviewed on a case-by-case basis and that authorization for this menthol product does not apply to any other mint-flavored e-cigarette products.
The FDA previously approved NJOY Ace and its three tobacco-flavored cigarettes on April 27, 2022. In March 2023, Altria acquired NJOY for US$2.75 billion in cash. The acquisition will be completed on June 1, 2023. However, the terms of the deal include an additional cash payment of $500 million, subject to product approvals obtained today, which would bring Altria’s total expenses to $3.25 billion.