Advertising
Advertising

How E-Cigs Have Pharmaceutical Companies Worried

How E-Cigs Have Pharmaceutical Companies Worried

I’ve always stated that technology is changing the way we interact with each other. It’s also changed the way we take part in conventional activities. For example, online gaming has changed the way we interact with other sports enthusiasts because you simply log into a gaming portal. You no longer make several trips to the bank to transfer money and pay bills because you now have the concept of online banking. However, technology hasn’t only changed what we do online because it’s changed the way we indulge in our pleasures – good and bad.

Over the years, the concept of e-cigs and vapes has become very popular in society. No matter where you look, you’ll see someone smoking an e-cig. Even manufacturers of vapes have found creative ways to appeal to both hard smokers and those you haven’t smoked a cigarette in their lives. For example, hardcore smokers can purchase vapes with different degrees of nicotine to help them quit, and non-smokers can purchase them without tobacco but different flavors for recreation. Let’s just say e-cigs are increasing in popularity each year with online sales totaling 3.5 billion.

Advertising

At this point, it’s time to step back and wonder who are the ones feeling the pressure from increasing e-cig sales? I once thought it was the government, but I’m sure they’ll find creative ways to tax the vape industry gaining much of the taxes lost. Could it be tobacco companies? They too are finding ways to enter the market so they can compete and stay up to date with the changing trends. Not to mention most people buying vapes do so with nicotine liquid, and some big tobacco companies have started to create liquid nicotine as an alternative to actual tobacco. This means they too will find ways to recover profits, however, pharmaceutical companies have a big battle going forward. These companies spend billions of dollars developing drugs to help people quit smoking, and have invested money in “the patch” and “nicotine” gum too. But, even with aggressive lobbying, the vape industry continues to grow each year.

Here’s something from reuters.com

Advertising

Wells Fargo Securities analyst Bonnie Herzog estimates the entire U.S. market for “vapor devices” will grow to $3.5 billion by the end of the year

This is great news for e-cig sellers since the profit margins will continue to grow throughout the year. However, Big Pharma (who represents drug manufacturers) and tobacco companies are trying to find ways to eliminate the vaping industry because it’s now cutting into their profits. In my eyes, the vaping industry has two major wars they’ll keep fighting for a long time – one against the tobacco industry who can’t find ways to compete in the vaping industry, and the other against pharmaceutical companies who have spent millions of dollars towards nicotine replacement therapies.

Advertising

The government who regulates the industry is also worried, but not as much because they’ll just find ways to tax the vaping industry for lost income from conventional tobacco sales. Even though they are feeling the pressure from large tobacco companies to regulate vape usage, it’s not aggressive as before since companies like R.J. Reynolds, Lorillard, and Philip Morris have already jumped into the e-cigarette game years ago.

The Pharmaceutical Companies

Big Pharma is one company who has a lot to lose from vapes entering the market, and they are investing enormous money trying to get stricter regulations put on the sales. Big Pharma is responsible for representing some of the largest drug and medical devices companies in the United States. For example, they represent Nicorette gum by GlaxoSmithKline, and “the patch” by Johnson & Johnson. Both which have a lot to lose if e-cig popularity continues to grow over the years. Think about it, smokers will no longer require the patch or nicotine gum if they have found a safer alternative to smoking.

Advertising

Big Pharma companies are responsible for manufacturing some of the most popular drugs in the market. These medications cost hundreds and/or even thousands of dollars per pill. If you compare this to the cost of a cigarette pack, it’s but a tiny fraction of what tobacco companies profit per sale. Big Pharma makes more money than big tobacco and can afford to pay off as many politicians as it wants to win the War on Vaping. I’ll be surprised to see how this will play out throughout the years.

Bad News for Small Tobacco Companies

The big tobacco companies are investing money in vapes and liquid nicotine, however, what about the smaller companies that can’t expand just yet? They have two options, first lobby with the big pharmaceutical companies for stricter regulations against vapes. This will aggressive pushdown vape availability and keep tobacco sales steady. Secondly, sell and join a larger tobacco company who can afford to manufacture vape products and compete in a growing industry. Either way, I believe the smaller companies will lose because on one hand you have a lengthy battle which costs millions of dollars, and on the other, you are giving up ownership to larger companies and this means you’ll lose control of your company.

Featured photo credit: commons.wikimedia.org via commons.wikimedia.org

More by this author

Rizvan Ullah

Online Blogger

A General Guide to Disputing Your Public Record In New York 4 Major Changes in Men After Turning 50 Years Old Success Habits of The Worlds Wealthiest People Strategies to Find the Best Attorney When You Need One How to Create an Effective Sales Funnel

Trending in Health

1 7 Best Probiotic Supplements (Recommendation & Reviews) 2 Signs of a Nervous Breakdown (And How to Survive It) 3 How to Find Weight Loss Meal Plans That Work for You 4 14 Healthy Easy Recipes for People on the Go 5 How to Manage Anxiety: Sound Advice from a Mental Health Expert

Read Next

Advertising
Advertising
Advertising

Last Updated on March 13, 2019

How to Get out of a Rut: 12 Useful Ways to Get Unstuck

How to Get out of a Rut: 12 Useful Ways to Get Unstuck

Have you gotten into a rut before? Or are you in a rut right now?

You know you’re in a rut when you run out of ideas and inspiration. I personally see a rut as a productivity vacuum. It might very well be a reason why you aren’t getting results. Even as you spend more time on your work, you can’t seem to get anything constructive done. While I’m normally productive, I get into occasional ruts (especially when I’ve been working back-to-back without rest). During those times, I can spend an entire day in front of the computer and get nothing done. It can be quite frustrating.

Over time, I have tried and found several methods that are helpful to pull me out of a rut. If you experience ruts too, whether as a working professional, a writer, a blogger, a student or other work, you will find these useful. Here are 12 of my personal tips to get out of ruts:

1. Work on the small tasks.

When you are in a rut, tackle it by starting small. Clear away your smaller tasks which have been piling up. Reply to your emails, organize your documents, declutter your work space, and reply to private messages.

Whenever I finish doing that, I generate a positive momentum which I bring forward to my work.

2. Take a break from your work desk.

Get yourself away from your desk and go take a walk. Go to the washroom, walk around the office, go out and get a snack.

Your mind is too bogged down and needs some airing. Sometimes I get new ideas right after I walk away from my computer.

Advertising

3. Upgrade yourself

Take the down time to upgrade yourself. Go to a seminar. Read up on new materials (#7). Pick up a new language. Or any of the 42 ways here to improve yourself.

The modern computer uses different typefaces because Steve Jobs dropped in on a calligraphy class back in college. How’s that for inspiration?

4. Talk to a friend.

Talk to someone and get your mind off work for a while.

Talk about anything, from casual chatting to a deep conversation about something you really care about. You will be surprised at how the short encounter can be rejuvenating in its own way.

5. Forget about trying to be perfect.

If you are in a rut, the last thing you want to do is step on your own toes with perfectionist tendencies.

Just start small. Do what you can, at your own pace. Let yourself make mistakes.

Soon, a little trickle of inspiration will come. And then it’ll build up with more trickles. Before you know it, you have a whole stream of ideas.

Advertising

6. Paint a vision to work towards.

If you are continuously getting in a rut with your work, maybe there’s no vision inspiring you to move forward.

Think about why you are doing this, and what you are doing it for. What is the end vision in mind?

Make it as vivid as possible. Make sure it’s a vision that inspires you and use that to trigger you to action.

7. Read a book (or blog).

The things we read are like food to our brain. If you are out of ideas, it’s time to feed your brain with great materials.

Here’s a list of 40 books you can start off with. Stock your browser with only the feeds of high quality blogs, such as Lifehack.org, DumbLittleMan, Seth Godin’s Blog, Tim Ferris’ Blog, Zen Habits or The Personal Excellence Blog.

Check out the best selling books; those are generally packed with great wisdom.

8. Have a quick nap.

If you are at home, take a quick nap for about 20-30 minutes. This clears up your mind and gives you a quick boost. Nothing quite like starting off on a fresh start after catching up on sleep.

Advertising

9. Remember why you are doing this.

Sometimes we lose sight of why we do what we do, and after a while we become jaded. A quick refresher on why you even started on this project will help.

What were you thinking when you thought of doing this? Retrace your thoughts back to that moment. Recall why you are doing this. Then reconnect with your muse.

10. Find some competition.

Nothing quite like healthy competition to spur us forward. If you are out of ideas, then check up on what people are doing in your space.

Colleagues at work, competitors in the industry, competitors’ products and websites, networking conventions.. you get the drill.

11. Go exercise.

Since you are not making headway at work, might as well spend the time shaping yourself up.

Sometimes we work so much that we neglect our health and fitness. Go jog, swim, cycle, whichever exercise you prefer.

As you improve your physical health, your mental health will improve, too. The different facets of ourselves are all interlinked.

Advertising

Here’re 15 Tips to Restart the Exercise Habit (and How to Keep It).

12. Take a good break.

Ruts are usually signs that you have been working too long and too hard. It’s time to get a break.

Beyond the quick tips above, arrange for a 1-day or 2-days of break from your work. Don’t check your (work) emails or do anything work-related. Relax and do your favorite activities. You will return to your work recharged and ready to start.

Contrary to popular belief, the world will not end from taking a break from your work. In fact, you will be much more ready to make an impact after proper rest. My best ideas and inspiration always hit me whenever I’m away from my work.

Take a look at this to learn the importance of rest: The Importance of Scheduling Downtime

More Resources About Getting out of a Rut

Featured photo credit: Joshua Earle via unsplash.com

Read Next