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    Independent Phase II and III Clinical Studies on 22nd Century's Smoking Cessation Technology Highlighted on New Heracles Website

    Written by Investing News Network
    |
    May. 24, 2016 09:35AM PST

    CLARENCE, N.Y.–(BUSINESS WIRE)–22nd Century Group, Inc. (NYSE MKT: XXII), a plant biotechnology company that is a leader in tobacco harm reduction, announced today that 22nd Century has launched a new website at www.heraclespharma.com to highlight the Company’s X-22 Very Low Nicotine smoking cessation cigarette in development. With 95% less nicotine than conventional tobacco, X-22 is …

    CLARENCE, N.Y.–(BUSINESS WIRE)–22nd Century Group, Inc. (NYSE MKT: XXII),
    a plant biotechnology company that is a leader in tobacco harm
    reduction, announced today that 22nd Century has launched a new website
    at www.heraclespharma.com
    to highlight the Company’s X-22 Very Low Nicotine smoking
    cessation cigarette in development. With 95% less nicotine than
    conventional tobacco, X-22 is the first and only smoking
    cessation product in the form of a combustible cigarette. X-22
    smokes, tastes and smells like a regular cigarette but is, based on
    independent clinical studies, exceptionally effective as a smoking
    cessation product. With the goal of ultimately commercializing X-22
    as a prescription-based pharmaceutical product, 22nd Century’s
    wholly-owned subsidiary, Heracles Pharmaceuticals, is the only company
    in the world with an active IND (Investigational New Drug) application
    with the FDA for a combustible cigarette as a smoking cessation product.
    The new Heracles website showcases the extensive clinical research that
    has incorporated the Company’s proprietary Very Low Nicotine tobacco
    cigarettes, including 8 completed or ongoing independent Phase II and
    Phase III clinical studies: https://heraclespharma.com/clinical-trials/.
    Each of these clinical studies includes a link to the study abstract as
    posted online, including:

    1. The 2015 Queen
      Mary University
      study that was supported by a grant from the
      Global Research Awards for Nicotine Dependence (GRAND) funded by
      Pfizer (PFE),
    2. The landmark clinical study conducted by Eric C. Donny, Ph.D. et al.
      – and funded by the FDA – that was published in the October 2015 issue
      of The
      New England Journal of Medicine
      , and
    3. The ongoing Phase III University
      of Pittsburg
      study – also funded by the FDA – that compares an
      immediate reduction in nicotine to non-addictive levels (using 22nd
      Century’s proprietary Very Low Nicotine cigarettes with 95% less
      nicotine) versus a gradual reduction in nicotine to non-addictive
      levels (using 22nd Century’s proprietary SPECTRUM® government research
      cigarettes).

    The new Heracles website also details 22nd Century’s extensive patent
    portfolio that protects the Company’s novel technology and allows it to
    produce what is, by far, the world’s lowest nicotine tobacco https://heraclespharma.com/patent-estate/.
    Positioned to disrupt the multi-billion dollar smoking cessation market
    and to increase the number of smokers willing to try to quit smoking, X-22
    is a six-week treatment that utilizes the Company’s proprietary Very Low
    Nicotine tobacco cigarettes to satisfy a smoker’s craving for cigarettes
    while separating the act of smoking from the rapid delivery of nicotine.
    Containing the same proprietary tobacco used in the Company’s
    proprietary Very Low Nicotine SPECTRUM® government research cigarettes, X-22
    significantly reduces cravings with no noticeable withdrawal symptoms.
    The product does not expose smokers to any new toxicants and has no new
    side effects. Not surprisingly, the idea of a combustible cigarette that
    aids in smoking cessation is highly attractive to smokers who wish to
    quit.
    22nd Century is seeking a strategic pharmaceutical partner to fund a
    final Phase III clinical study in order to complete the Company’s IND
    application to the FDA for approval of X-22 as a
    prescription-based smoking cessation aid. As a matter of background, in
    2007, Cytos Biotechnology AG received a $38 million up-front payment
    from Novartis AG (NVS)
    to conduct a Phase II scientific study on an experimental smoking
    cessation vaccine. Although the study by Cytos later failed, Novartis
    had agreed to milestone payments payable to Cytos of up to $600 million.
    In 2009, and based on results from just one small Phase II study, Nabi
    Biopharmaceuticals received a $40 million up-front payment from
    GlaxoSmithKline (GSK)
    for NicVax, another now failed experimental smoking cessation product.
    GlaxoSmithKline had agreed to milestone payments of up to $500 million
    to Nabi. In contrast, 22nd Century seeks a $30 million non-dilutive
    strategic partner investment based on the compelling results of seven
    (7) completed Phase II and Phase III studies for a prescription-based
    product made from the Company’s proprietary Very Low Nicotine tobacco
    that could prove to be the world’s most effective smoking cessation aid.
    “X-22’s message is both very powerful and incredibly simple,”
    explained Henry Sicignano, III, President and Chief Executive Officer of
    22nd Century Group. “Very Low Nicotine cigarettes enable smokers to
    sever the act of smoking from the rapid delivery of nicotine. There are
    no new behaviors for patients to learn, no pills, no shots… and, perhaps
    most importantly, X-22 is highly attractive to smokers who wish
    to quit.” Mr. Sicignano explained further, “Pragmatic medical
    professionals – including pulmonologists, cardiologists, and radiation
    oncologists – have written 22nd Century in support of 22nd Century’s
    extraordinary smoking cessation cigarettes, which is why we are
    accelerating our efforts to achieve regulatory approval for X-22.”
    Mr. Sicignano further noted as follows: “X-22 is a temporary,
    interim product name and is not approved or endorsed by the U.S. Food
    and Drug Administration. X-22 is a smoking cessation aid in
    development. The FDA has not yet (i) evaluated X-22, (ii)
    approved any combustible cigarettes for use in smoking cessation, or
    (iii) authorized claims that Very Low Nicotine cigarettes are intended
    to diagnose, treat, cure, or prevent any disease. 22nd Century is
    seeking a strategic pharmaceutical partner to fund a final Phase III
    clinical study in order to complete the Company’s IND application to the
    FDA for approval of X-22 as a prescription-based smoking
    cessation aid. In the meantime, if circumstances allow, 22nd Century may
    introduce Very Low Nicotine smoking cessation cigarettes to markets
    outside the United States in advance of FDA approval in the United
    States.”
    About 22nd Century Group, Inc.
    22nd Century is a plant biotechnology company focused on technology
    which allows it to increase or decrease the level of nicotine in tobacco
    plants and the level of cannabinoids in cannabis plants through genetic
    engineering and plant breeding. The Company’s primary mission is to
    reduce the harm caused by smoking. 22nd Century currently owns or
    exclusively controls more than 200 issued patents and more than 50
    pending patent applications around the world. Visit www.xxiicentury.com
    for more information.
    Cautionary Note Regarding Forward-Looking Statements: This
    press release contains forward-looking information, including all
    statements that are not statements of historical fact regarding the
    intent, belief or current expectations of 22nd Century Group, Inc., its
    directors or its officers with respect to the contents of this press
    release, including but not limited to our future revenue expectations.
    The words “may,” “would,” “will,” “expect,” “estimate,” “anticipate,”
    “believe,” “intend” and similar expressions and variations thereof are
    intended to identify forward-looking statements. We cannot guarantee
    future results, levels of activity or performance. You should not place
    undue reliance on these forward-looking statements, which speak only as
    of the date that they were made. These cautionary statements should be
    considered with any written or oral forward-looking statements that we
    may issue in the future. Except as required by applicable law, including
    the securities laws of the United States, we do not intend to update any
    of the forward-looking statements to conform these statements to reflect
    actual results, later events or circumstances, or to reflect the
    occurrence of unanticipated events. You should carefully review and
    consider the various disclosures made by us in our annual report on Form
    10-K for the fiscal year ended December 31, 2015, filed on February 18,
    2016, including the section entitled “Risk Factors,” and our other
    reports filed with the U.S. Securities and Exchange Commission which
    attempt to advise interested parties of the risks and factors that may
    affect our business, financial condition, results of operation and cash
    flows. If one or more of these risks or uncertainties materialize, or if
    the underlying assumptions prove incorrect, our actual results may vary
    materially from those expected or projected.

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