Reynolds Eyeing Quit-Smoking Company

Source from:  Tobacco Reporter 11/10/2009

Reynolds American Inc is in advanced talks to buy a Swedish maker of products designed to help people stop smoking, according to a story by David Kesmodel and Vanessa O'Connell for The Wall Street Journal Interactive Edition. The story quoted David Sweanor, a Canadian law professor and tobacco expert, who says he was briefed by people close to the discussions that Reynolds was near to a deal to buy Niconovum AB. Niconovum, based in Helsingborg, makes nicotine-replacement therapies such as Zonnic pouch and Zonnic gum. The company was formed in 2000 by Karl Olov Fagerstrom, a leading expert in nicotine dependence who was said to have been involved in products such as Nicorette gum. Enditem