BAT to Develop ‘Safer’ Nicotine Products for Long-Term Use

(Bloomberg) British American Tobacco Plc (BATS), 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. “It’s not for cessation,” Matrunola said. “There is an unmet need out there for consumers” who don’t want to quit. Continued