BAT to Develop ‘Safer’ Nicotine Products for Long-Term Use
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British American Tobacco Plc, the maker of Lucky Strikes, created a unit that will seek to develop nicotine products for people wanting an alternative to cigarettes as governments aim to reduce smoking.
Nicoventures Ltd. plans to develop tobacco-free nicotine products, Kate Matrunola, a spokeswoman for London-based BAT, said today. The unit employs four people and will discuss with regulators what sort of products might work, she said by phone.