FDA Authorizes Juul's E-Cigarettes to Remain on Market After Near Bankruptcy
By
kdamica
Slightly gummy. The crust never quite set.
Summary
The FDA authorizes Juul's e-cigarettes to remain on the U.S. market, providing a lifeline to the company after a near-bankruptcy situation caused by a previous ban. This decision allows Juul to seek investments or consider selling the company.
Key quotes
· 2 pulledU.S. regulators authorized Juul Labs to keep its e-cigarettes on the U.S. market, breathing new life into the vaping company after a 2022 federal ban pushed it to the brink of bankruptcy.
With clearance from the Food and Drug Administration, Juul could now raise money from outside investors or sell part or all of the company.
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