juul labs

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Juul Labs Inc. has appointed two new independent directors with expertise in restructuring as the vaping company searches for a financial rescue and prepares for a possible bankruptcy filing. One of the new directors is David Barse, who has helped lead the bankruptcy restructuring of cryptocurrency lending company Celsius Network Ltd. as an independent director. The other is Paul Aronzon, a strategic financial consultant and former co-leader of the global financial restructuring group at Milbank LLP, an…

Juul Labs Inc.’s leader told his employees Thursday that the company is scrapping plans for an overseas expansion, has refinanced some of its debt, and is fighting for its survival. “The board, the leadership team and I continue to weigh all options to ensure we take the necessary steps that help us in our battle to survive—a battle that has been playing out for many years,” Chief Executive K.C. Crosthwaite said at an all-hands meeting with employees…

Puff Bar this year remains the most popular brand of e-cigarette among young people, while Juul—the brand that helped make vaping popular among teens—has fallen off youngsters’ radar, according to new federal data. About 14% of U.S. high-school students—an estimated 2.1 million of them—said they had used e-cigarettes at least once during the past 30 days. An estimated 2.55 million total students, including those in middle school, had vaped during the past 30 days, according to the…

Juul Labs Inc. said the Food and Drug Administration overlooked a key part of Juul’s application when the agency ordered the e-cigarette maker’s products off the U.S. market, according to court documents.In court filings Tuesday, Juul said the agency overlooked more than 6,000 pages of data that the company had submitted to the FDA on the aerosols that users inhale. Juul also said the agency failed to consider the totality of Juul’s evidence, which the company said established that the public-health benefits of Juul…

The US Food and Drug Administration (FDA) has issued marketing denial orders (MDOs) to JUUL Labs for all of their products currently marketed in the country.The products include the JUUL device and four types of JUULpods: Virginia tobacco flavoured pods at nicotine concentrations of 5.0% and 3.0% and menthol flavoured pods at nicotine concentrations of 5.0% and 3.0%.The company cannot sell or distribute these products in the US market. In addition, those currently on the US market must be removed, or risk enforcement…