FDA authorized Juul via Marketing Granted Orders after net positive health review
“The FDA has issued marketing granted orders. These are MGOs. We'll get into this, but it's, like, slightly different than, like, FDA approval for a drug for the Juul system, recognizing that these products, as appropriate for the protection of public health, t…”
Juul founders used nicotine salts to concentrate vapor and satisfy smokers
“Adam Bowen, James Monthe is the founders of Jewel. They figured out that they, there was a way to make the smoke or the vapor more concentrated. And there's a whole bunch of science that goes into it, but nicotine salts are like the main one that people point …”
Pax and Juul split companies due to divergent regulatory and commercial paths
“Then they wind up splitting the company once both products are kind of taking off, but they're on very, very different trajectories. And it's very clear that They will be under very different regulatory regimes”
Afeyan: Flagship engineered photosynthetic bacteria to produce diesel at Joule
“One of the most advanced ways we could make carbon neutral liquid fuels was to engineer photosynthetic bacteria that usually grows in the depths of oceans. Really cool bacterium that sees a little bit of photons. We engineered these things to make diesel. It c…”
Altria bought 30 percent of Juul for $13B at a $60B valuation
“At their peak, I think they were valued in like 60 ish billion dollars and Altria bought 30% of the company for like thirteen billion dollars. And so the majority of that went to pay a dividend to the investors and employees.”
EVALI lung injuries were caused by illicit cannabis vapes, not Juul
“There was this thing called EVALI, the e-cigarette and vapor acute lung injury, like fiasco. It was identified by the CDC. And I mean, people died, like there were multiple people that, that, that actually died. And everyone thought it was because of Juul. It …”
Stanton turned down Juul CMO role, calling the company ridiculous
“So Jewel is a ridiculous company. They had approached me while I was working at Color, and Color, as you know, is a health tech company trying to help people stay healthy by understanding their genetics and predispositions to things like cancer, and a recruite…”
Russo: Juul's rise has increased business risk for Philip Morris
“I now know that with Juul's ascendancy, there is more risk to the business than there was when it was at a 120, and the product that they tried to launch was delayed, has consequences.”