Revolymer files nicotine gum with EU regulator

20th Nov 2013 10:49

Polymer technology developer Revolymer has applied for regulatory approval for its nicotine gum. The AIM-listed company said it was applying to market the 2mg and 4mg strength nicotine gum in the UK, Ireland, Poland and Spain, having already established a supply and distribution agreement for its nicotine gum in Poland. Chief Executive Roger Pettman said: "We believe that not only is our product bioequivalent to the existing reference product in Europe, but that it has additional benefits that consumers will value, namely a more confectionery-like chew."Analyst Savvas Neophytou at house broker Panmure Gordon said: "Continental Europe might not be everyone's idea of a good growth engine at present, but Revolymer's announcement this morning of a first filing for registration of its nicotine gum product in the territory should be viewed positively." Shares in Revolymer were up 1.5% to 67.5p at 10:30 on Wednesday.OH