Advisory Panel Ruling Is a Step Closer to iQOS Commercialization, Albeit a Suboptimal One
The headlines may be focused on the unfavourable opinion on reduced risk, but we think the U.S. Food and Drug Administration's Advisory Panel ruling that Philip Morris International's iQOS product offers reduced exposure to toxic chemicals is likely to be enough to ensure that the FDA approves the marketing of the device in the U.S. We reiterate our tobacco manufacture valuations and wide moat ratings at this time, but continue to monitor growth and profitability trends in the emerging heated-to...Imperial Brands is comprised of two distinct businesses: Tobacco and Logistics. The Tobacco business comprises the manufacture, marketing and sale of tobacco and tobacco-related products, including sales to (but not by) the Logistics business. The Logistics business comprises the distribution of tobacco products for tobacco product manufacturers, including Co., as well as a range of non-tobacco products and services.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.