KT&G Signs Agreement with Philip Morris for U.S. E-Cigarette Sales Approval

Cooperation for Regulatory Review Submission

KT&G announced on the 30th that it has signed a Memorandum of Understanding (MOU) with Philip Morris International (PMI) for the sales authorization of a heated tobacco product (NGP) to be launched in the United States.

Bang Kyung-man, President of KT&G [Photo by KT&G]

Under this agreement, KT&G plans to submit a Premarket Tobacco Product Application (PMTA) for the new electronic cigarette to be launched in the U.S. to the U.S. Food and Drug Administration (FDA). They also agreed to cooperate on regulatory review submissions related to the new NGP product.

Earlier, in January of last year, the two companies formed a partnership for PMI to commercialize KT&G’s NGP products in overseas markets. Kyungman Bang, CEO of KT&G, stated, "Currently, the company is driving global expansion and structural transformation centered on three core businesses (NGP, overseas cigarettes, and health functional foods). We will do our best to achieve our future vision of becoming a 'global top-tier' company by leveraging innovative NGP products to be introduced in overseas markets and our scientific research and development (R&D) capabilities."

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