Turning Point Brands up after FDA revokes order against marketing vapor products

Turning Point Brands

11/10/2021 13:55

** Shares in Stoker's chewing tobacco maker  TPB.N  up ~4%
at $49.75 premarket, set to open at an over 1-month high 
    ** TPB on track for best day in nearly 2 months
    ** The U.S. FDA rescinds its marketing denial order for
TPB's vapor products it announced on Sept. 14  urn:newsml:reuters.com:*:nFWN2R718L
    ** FDA denied marketing order for some of co's products last
month in response to a Premarket Tobacco Product Application
(PMTA), which seeks authorization for marketing any new tobacco
product  urn:newsml:reuters.com:*:nL4N2QJ2Q4
    ** TPB says all its vapor products will continue to be
marketed while they remain under review  
    ** As of last close, TPB was up ~8% this year

 (Reporting by Deborah Sophia in Bengaluru)
 ((DeborahMary.Sophia@thomsonreuters.com;))