Tag Archives: IQOS

IQOS boosts Philip Morris International’s quarterly profit, revenue. Stock jumps

Philip Morris International beat second-quarter earnings and revenue estimates and hiked its full-year forecast Thursday as its new tobacco products gained momentum, sending shares of the company up more than 7%. PMI sells Marlboro cigarettes and other brands around the globe. The tobacco giant is trying to pivot away from cigarettes and toward new products,… Read More »

FDA permits sale of Philip Morris IQOS tobacco-heating alternative to cigarettes

(Reuters) – The U.S. Food and Drug Administration on Tuesday said it would allow Philip Morris to sell a heated tobacco product called IQOS in the United States, a major victory for the international tobacco giant as it looks to sell more alternatives to traditional cigarettes. Following a review of about two years, the FDA… Read More »