22nd Century Group (XXII) is a subcontractor in the production of SPECTRUM® brand cigarettes. Due to 22nd Century Group’s unique proprietary technology and ability to grow tobacco across a wide spectrum of nicotine levels, the company was chosen to be the provider of these SPECTRUM® research cigarettes with varying levels of nicotine under this NIDA grant. In January 2016, 22nd Century Grop shipped approximately 3.0 million cigarettes ordered by the government, generating approximately $0.33 million in revenues to the company. The company generated $0.24 million of revenue from this business in the fourth quarter 2015.
Read my analysis of the Q4-2015 financial results here >> LINK
SPECTRUM® is an interesting proxy for MAGIC®, a very low nicotine tobacco cigarette currently being sold by 22nd Century Group in Europe, and Brand-A, an under-FDA review "modified risk tobacco product" (MRTP) that 22nd Century Group hopes to gain approval for later in 2016.
Read my market analysis for Brand-A here >> LINK
Below are all 15 abstracts from the SRNT meeting, most which read positively for the concept of SPECTRUM® by roughly 3-to-1. Not all the conclusions are consistent, but keep in mind these were all independent studies with no ties RTI International or 22nd Century Group.
A link to the full abstract book can be found here >> LINK
Related: An introduction to 22nd Century Group can be found here >> LINK
I am long XXII
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