Vitura to Launch Prescription E-Cigarettes in Australia

Business by 2FIRSTS.ai
Jan.09.2024
Vitura to Launch Prescription E-Cigarettes in Australia
Australian company Vitura (ASX:VIT) plans to offer prescription e-cigarettes in response to Canberra's new regulations.

According to the Australian media outlet The Market Herald, Vitura Limited (ASX: VIT) has announced plans to offer a "smoke-free" solution, specifically a prescription e-cigarette. The capital city of Australia, Canberra, is pushing for e-cigarettes to be classified as prescription drugs, and Vitura sees this new regulation as a "market opportunity." As of the last trading session, the company's stock price was 25 cents.

 

Vitura company has swiftly responded to the newly implemented Canberra law this month which bans the sale of non-prescription e-cigarettes. Recognizing a "market opportunity," Vitura is preparing to become a prescription e-cigarette supplier. It plans to incorporate prescription e-cigarettes as a smoking cessation product on its online service platform, CanView.

 

For companies that have already ventured into the medical marijuana market without hesitation, including deals with prescription drug clinic providers and the mysterious field of psychedelic medicine, this move comes as no surprise. Today, Vitura Inc. provided a fair assessment of the reasons behind this decision.

 

In support of the recent and planned changes by the TGA, all nicotine vaping products (NVPs) will now only be available through medical prescriptions and can only be dispensed by pharmacists," Vitura company stated in a declaration. "Vitura has incorporated this innovative vertical product into its product supply and distribution ecosystem CanView.

 

A hidden loophole in the new federal law has paved the way for Vitura Corporation to make its mark in the prescription e-cigarette market. Doctors and nurse practitioners will now be able to prescribe e-cigarettes without seeking pre-approval from health regulatory agencies, thanks to the "Special Pre-Approval Scheme C Channel" review process.

 

We welcome news tips, article submissions, interview requests, or comments on this piece.

Please contact us at info@2firsts.com, or reach out to Alan Zhao, CEO of 2Firsts, on LinkedIn


Notice

1.  This article is intended solely for professional research purposes related to industry, technology, and policy. Any references to brands or products are made purely for objective description and do not constitute any form of endorsement, recommendation, or promotion by 2Firsts.

2.  The use of nicotine-containing products — including, but not limited to, cigarettes, e-cigarettes, nicotine pouchand heated tobacco products — carries significant health risks. Users are responsible for complying with all applicable laws and regulations in their respective jurisdictions.

3.  This article is not intended to serve as the basis for any investment decisions or financial advice. 2Firsts assumes no direct or indirect liability for any inaccuracies or errors in the content.

4.  Access to this article is strictly prohibited for individuals below the legal age in their jurisdiction.

 

Copyright

 

This article is either an original work created by 2Firsts or a reproduction from third-party sources with proper attribution. All copyrights and usage rights belong to 2Firsts or the original content provider. Unauthorized reproduction, distribution, or any other form of unauthorized use by any individual or organization is strictly prohibited. Violators will be held legally accountable.

For copyright-related inquiries, please contact: info@2firsts.com

 

AI Assistance Disclaimer

 

This article may have been enhanced using AI tools to improve translation and editorial efficiency. However, due to technical limitations, inaccuracies may occur. Readers are encouraged to refer to the cited sources for the most accurate information.

We welcome any corrections or feedback. Please contact us at: info@2firsts.com

Philippines’ H1 Vape Tax Revenue Soars 738%, Surpasses $26.42 Million
Philippines’ H1 Vape Tax Revenue Soars 738%, Surpasses $26.42 Million
Vape products boosted excise tax collection in the Philippines, with total revenues up 10% in H1 to PHP 135 billion ($2.4 billion). Tobacco excise rose 34%, while vape tax revenue jumped 738% as the BIR tightened oversight by adding e-cigarettes to its stamp tax system.
Jul.16 by 2FIRSTS.ai
Malta Health Authority Issues Warning on Nicotine Pouches, Plans Inclusion in Future Tobacco Control Strategy
Malta Health Authority Issues Warning on Nicotine Pouches, Plans Inclusion in Future Tobacco Control Strategy
Malta’s health authorities warn of the dangers of nicotine pouches as several European countries initiate bans.
Jul.08
U.S. Study: Teen Use of E-Cigarettes or Cigarettes Linked to Higher Risk of Depression and Anxiety
U.S. Study: Teen Use of E-Cigarettes or Cigarettes Linked to Higher Risk of Depression and Anxiety
A U.S. study found teens using e-cigarettes or cigarettes are more likely to experience depression and anxiety. Based on 2021–2023 national survey data, 21.31% of students used tobacco, including 9.94% using e-cigarettes. Tobacco users showed higher mental health risks than non-users. Experts call for strengthened mental health support and targeted interventions.
Jul.30 by 2FIRSTS.ai
South Korea to Tighten Synthetic Nicotine Regulations: Reclassifies as Tobacco, Bans Online Sales and Flavor Additives
South Korea to Tighten Synthetic Nicotine Regulations: Reclassifies as Tobacco, Bans Online Sales and Flavor Additives
The South Korean National Assembly has proposed expanding the definition of tobacco, restricting online sales of e-cigarettes, and tightening regulations on synthetic nicotine in an effort to protect youth health.
Jun.13 by 2FIRSTS.ai
Malaysian Police Deny 'Magic Mushroom Vape' Rumors, Clarify It Was Synthetic Drug Misinformation
Malaysian Police Deny 'Magic Mushroom Vape' Rumors, Clarify It Was Synthetic Drug Misinformation
Malaysian police denied magic mushroom vapes, confirming they contain synthetic drugs marketed misleadingly. Rising student use sparks calls for better education and enforcement.
Jul.24 by 2FIRSTS.ai
Annex 2:  Measures for the Regulation of Tobacco Products in the Domestic Duty-Free Market (Draft for Public Comment)
Annex 2: Measures for the Regulation of Tobacco Products in the Domestic Duty-Free Market (Draft for Public Comment)
Annex 2: Measures for the Regulation of Tobacco Products in the Domestic Duty-Free Market (Draft for Public Comment)
Jul.28