Dissolvable tobacco is finely milled tobacco pressed into shapes like tablets that slowly dissolve in a user's mouth. They are gaining the attention of tobacco companies looking to offset a decline in cigarette use as smokers face tax hikes, growing health concerns, smoking bans and social stigma.
The company said it plans to look for opportunities to license its dissolvable tobacco technology.
In March a Food and Drug Administration scientific advisory panel said dissolvable tobacco products could reduce health risks compared with smoking cigarettes but also have the potential to increase the overall number of tobacco users. The report studying the products was mandated under the 2009 law giving the FDA authority to regulate the industry.
Michael Felberbaum can be reached at http://www.twitter.com/MLFelberbaum .