US regulator bans Philip Morris and Altria from importing and selling Iqos in the country
The decision will come into force in two months, the companies are going to challenge it.
● The US International Trade Commission has found that Iqos is infringing on two patents issued by Reynolds American, a subsidiary of British American Tobacco, which makes the Glo tobacco heating system, Vype and Vuse vapes, writes CNBC.
● The import and sale ban will take effect two months after an administrative review signed by President Joe Biden. Philip Morris and Altria said they would appeal the decision as they considered Reynolds American's patents invalid.
● British American Tobacco has filed a similar lawsuit against Philip Morris in several international markets. But the courts of Great Britain and Greece sided with Philip Morris, the newspaper notes.
● Altria received a license from Philip Morris to sell Iqos in the United States two years ago, according to CNBC, but the company began developing it more than a decade ago, before Philip Morris International spun off into a separate company.