22nd Century Group Inc (XXII)

[rightcoast1]

Very positive TPSAC meeting; why the share price dropped is odd. Final summary from TPSAC Chair: (1) it would be dishonest NOT to tell smokers that these cigs contain 95% less nicotine, and that the public should indeed be told this fact; (2) various TPSAC members stated that they were “pleased with” and “sympathetic to” the concept and product; (3) the only reservation was about potential misperception of the cigs being “healthier” than “normal” highly addictive cigarettes. Some suggested that the disclaimers/statements could be amended, but that’s not a big deal. Mitch Zeller’s statement at the end was positive as well. Finally - remember that TPSAC merely “advises” the FDA - the FDA is under no obligation to either accept or reject TPSAC’s vote/recommendation. The FDA already came out with a press release outlining why they are planning to approve the MRTP application. My summary: nice job XXII team; now it’s time to plan on next steps once the approval comes through.