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The company's IQOS smokeless cigarette, which is already on sale in over a dozen markets including Japan, Switzerland and Italy, heats tobacco enough to produce a vapor without burning it

Because the number of smokers in Australia is so low, it's thought the changes will have little impact on multinationals' profits

Formaldehyde Formaldehyde a known carcinogen can form when the heating element in a vape runs dry

While it is impossible to say how many people quit because of the labels that have been introduced, Hammond said every source of evidence suggests that the labels do spur people to quit