regulatory
confidence high
sentiment positive
materiality 0.80
FDA rescinds Marketing Denial Order on TPB vapor products; products remain under review
Turning Point Brands, Inc.
- On Oct 7, FDA rescinded its Sept 14 Marketing Denial Order for certain TPB vapor products, citing need for further review.
- All proprietary vapor products (incl. Solace e-liquids) will continue marketing while PMTAs remain under FDA review.
- TPB withdrew its petition for review and motion to stay filed with the 6th Circuit following the rescission.
- CEO Larry Wexler expressed encouragement and reiterated commitment to evidence-based PMTA process.