BAT Investor Conference Presentation Deck
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Understanding Nicotine*
Naturally present in tobacco plants
Extracted and purified to pharmaceutical grade
Widely studied in clinical trials
Scientific consensus recognises that nicotine is highly
addictive but does not cause cancer¹,2,3
"Its effect is to make
tobacco addictive rather
than to cause cancer
directly"
WHO¹
"Current evidence does
not support that nicotine
is a human carcinogen"
National Academies of Sciences,
Engineering and Medicines4
BAT
A BETTER TOMORROW
N
CH 3
"There is insufficient data
to conclude that nicotine
causes or contributes to
cancer in humans"
Surgeon General5
1.WHO's International Agency for Research on Cancer (IARC) 2. Royal College of Physicians. Nicotine without smoke: Tobacco harm reduction. London 2016. 3. https://www.cdc.gov/tobacco/data_statistics/sgr/50th-anniversary/index.
html. 4. National Academies of Sciences, Engineering and Medicines 2018. Public Health consequences of e-cigarettes. 5. The Health Consequences of Smoking - 50 Years of progress. A report of the surgeon general 2014.
+Nicotine is an addictive substance. We do not make health claims (express or implied) about our products in the US unless authorized by FDA to do so.
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