US e-cigarette firm Juul Labs has secured financing to stay afloat but confirmed job cuts, it said in a statement Thursday, while dealing with a dispute on whether its products can remain on market.
The vaping giant has challenged a June action by the US Food and Drug Administration ordering all products it made to be off the market in the US, after finding that it failed to address certain safety concerns.
The FDA order has been put on hold after an appeal by Juul, which argues that its products are safe for adult smokers.
“Today, Juul Labs has identified a path forward, enabled by an investment of capital from some of our earliest investors,” a Juul spokesperson told AFP in a statement.
Vape Business & Next Gen – 2022-11-13.
Want More Investigative Content?
