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浙商證券:FDA首次批準霧化煙PMTA 核心供應商思摩爾國際(06969)受益
uSMART盈立智投 10-13 13:08

智通財經APP獲悉,10月12日FDA向雷諾/英美菸草旗下的3款封閉式電子煙產品首次授予了PMTA、可在美國市場合法銷售。此前10月5日FDA發佈PMAT審查的最終規則,一週後便完成首個授權。浙商證券表示,FDA對雷諾/英美的PMTA的授權是霧化煙產品在美國市場首次獲得強有力的官方背書,利好消費需求迴歸增長,對基他國家的電子煙監管態度&政策具有參考價值。同時後續NJOY、Logic、JUUL等龍頭品牌均有望加速過審,看好作爲核心供應商的思摩爾國際(06969)受益。

浙商證券認爲,此舉具有裏程碑意義,這意味着其他品牌的審覈批覆時點也已臨近 ,利好美國市場意爭格局優化。

浙商證券指出,過審的是菸草口味3款,Vuse Solo Power Unit、Vuse Replacement Cartridge Original 4.8% G1 和 Vuse Replacement Cartridge原始4.8% G2。同時拒絕了其他10款調味煙,符合預期,但對於薄荷醇口味是否能獲批的態度尚未明確。

此外,獲得授權的子品牌是Vuse Solo(棉芯,新泓威主供),這主要是英美提交PMTA申請時Alto(思摩爾的主力,陶瓷芯)產品還未成熟,相信後續英美會盡快再提交Alto的申請,由於Solo已過審,Alto的過審將更加迅速。

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