The Food and Drug Administration released its long awaited e-cigarette regulations on Thursday. E-cigarette users’ worst fears are confirmed—these regulations will destroy the burgeoning industry, leading to increased mortality and higher healthcare costs.
Though the FDA marketed its regulations as restrictions on minors who purchase tobacco products, the 499-page release contains far more. Perhaps the most ridiculous FDA claim is that these regulations will lead to increased innovation—even though the agency admits that 99 percent of the market will not be able to comply.
As stated on page 267 of the regulations, “FDA believes that [premarket review] (and the deeming rule as a whole) will not stifle innovation but could, instead, encourage it.” This is a nonsensical claim that could only be made by a government agency.
Through these regulations, the FDA “deems” that all tobacco products are under its regulatory scope. Hookahs, cigars, pipe tobacco, and electronic nicotine delivery systems (ENDS) were not previously covered under the FDA’s authority to regulate tobacco, which began with the 2009 Family Smoking Prevention and Tobacco Control Act. Now, all tobacco products that were not commercially marketed on February 15, 2007 (the predicate date) are required to gain FDA approval. Tobacco products that were available on the predicate date are exempt from the FDA approval process.
Newer tobacco products will be able to stay on the market if they show that they are “substantially equivalent” to a product that was commercially available on predicated date. Virtually no ENDS were available to American consumers at that time, meaning each currently available vaping product will have to go through the FDA’s other path to market, the premarket tobacco product application process.
Read the full article at Economics21.
The FDA has finally verified the safety and environmental sustainability of AquaBounty Technologies Inc.’s genetically modified (GM) salmon, after a wait of nearly 20 years. This means that the company’s product, called AquAdvantage Salmon, could soon be available to consumers.
Even after the drawn-out FDA review process, many people remain opposed to what they term “Frankenfish” and are demanding legislative action to ban GM animal products or mandate labeling. These misguided efforts stand in the way of benefits to both consumers and the environment.
The enhanced variety of salmon can grow to the same market size as their wild counterparts twice as fast and with 75% less feed. This efficiency, driven by a growth gene that remains turned on, could lower AquaBounty’s carbon footprint 25 times over and result in lower costs for consumers.
Read the rest on Forbes here.