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+ If the boil pops, keep it covered with gauze or a bandage to stop the bacteria from spreading

7.4.1 Company overview 7.4.2 Financial performance 7.4.3 Product benchmarking 7.4.4 Strategic initiatives 7.5 Philip Morris International 7.5.1 Company overview 7.5.2 Financial performance 7.5.3 Product benchmarking 7.5.4 Strategic initiatives 7.6 International Vapor Group 7.6.1 Company overview 7.6.2 Financial performance 7.6.3 Product benchmarking 7.6.4 Strategic initiatives 7.7 British American Tobacco 7.7.1 Company overview 7.7.2 Financial performance 7.7.3 Product benchmarking 7.7.4 Strategic initiatives 7.8 Nicquid 7.8.1 Company overview 7.8.2 Financial performance 7.8.3 Product benchmarking 7.9 Shenzhen IVPS Technology Co., Ltd

Key to this approach are (i) the use of agreed reference products for comparison, ideally authorized MRTPs, and (ii) bridging methodologies that allow to compare a cMRTP with the reference products based on a limited number of studies (see challenge 4)

Ideally, a cigarette should burn evenly, without going out too quickly or producing an uneven ash

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