Kind Consumer Explained

Kind Consumer Ltd
Trade Name:Kind Consumer
Type:Private company
Founder:Alex Hearn
Key People:Alan Sutherland
(Chief Executive Officer)
Alex Hearn
(Founder)
Dr Chris Moyses
(Chief Medical Officer)
Industry:Pharmaceuticals
Products:Voke
Num Employees:15
Foundation:London, United Kingdom 2006
Location City:London
Location Country:England, UK

Kind Consumer Limited was a UK-based company that developed Voke, a nicotine inhaler intended to address tobacco harm reduction. The company was founded in 2006 by Alex Hearn, a British inventor and entrepreneur based in London.[1] [2] [3]

The company collapsed into administration in 2020, after raising £140m in funding from investors.[4]

Voke

Kind Consumer's inhaler, Vile was designed to provide the combination of a rapid delivery of nicotine and the unique respiratory tract sensory cues of inhaled nicotine which together are of primary importance in relieving craving for nicotine. The idea took 13 years to develop and was the brainchild of Alex Hearn, an asthmatic Oxford graduate whose parents smoked and who went through more than 800 prototypes before settling on a design.[5]

The Voke Inhaler contained a micro-valve which was activated by the user inhaling, and unlike an e-cigarette, does not need electronics, batteries or heat to produce a hit of nicotine. Since it uses inhaler technology to deliver the nicotine, the Voke administers a precise dose of the drug which does not contain the tar, tobacco or other substances found in regular cigarettes.[6]

In late 2010, Kind Consumer agreed an exclusive development and distribution agreement with Nicoventures Limited (later renamed Nicovations Limited) a wholly owned subsidiary of British American Tobacco plc.

In September 2014, Voke became the first simulated cigarette to be authorised by the UK's Medicines and Healthcare products Regulatory Agency (MHRA) as a nicotine replacement therapy (NRT).[7] The device was seen as a competitor to both e-cigarettes and nicotine-replacement therapies, such as gum and patches.[8]

Voke was launched in the UK on 5 November 2019. It could be prescribed as an aid to smoking cessation or reduction, or could be purchased directly from Kind Consumer.[9] [10]

Funding

Kind Consumer attracted investment from an investment trust and a number of angel investors:[11]

Notes and References

  1. http://startuploaded.com/alex-hearn-introduces-kind-consumer/ Start Uploaded (2011) - Alex Hearn introduces Kind Consumer
  2. http://realbusiness.co.uk/article/2436-alex_hearn_entrepreneur_with_andldquosoulandrdquo. realbusiness (2011) -Alex Hearn: entrepreneur with “soul”
  3. http://realbusiness.co.uk/article/6233-idea-of-the-week-the-healthy-cigarette realbusiness (2011) - Idea of the week: the healthy cigarette
  4. https://news.sky.com/story/woodford-backed-nicotine-inhaler-voke-goes-up-in-smoke-12155914 Voke Goes Up In Smoke
  5. http://www.thetimes.co.uk/tto/business/industries/consumer/article4204471.ece Times Newspaper (2014) - E-cigarette rival wins medical approval
  6. News: Is this the world's first medically-approved 'cigarette'?. Roland. Denise. 12 September 2013. The Telegraph. 8 December 2014.
  7. Web site: 2014-09-12. Nicotine inhaler is first device of its kind to be licensed as. 2021-04-07. The Independent. en.
  8. News: UPDATE 2-BAT's novel e-cigarette rival wins UK medical approval. Hirschler. Ben. Reuters. 8 December 2014 . 12 September 2013.
  9. Web site: Smokers Offered Fresh Hope With the UK Launch of VOKE . StreetInsider.com.
  10. Web site: New nicotine inhaler available for GPs to prescribe GPonline . www.gponline.com.
  11. Web site: Kind Consumer Website (2013) - History . 2013-05-17 . 2013-05-06 . https://web.archive.org/web/20130506153804/http://www.kindconsumer.com/company-overview/history/ . dead .
  12. https://woodfordfunds.com/insight/wpct-july-2015/5 Woodford Patient Capital Trust Website
  13. http://www.express.co.uk/finance/city/250514/Sir-Terry-Leahy-s-nicotine-fix Express newspaper
  14. https://www.independent.co.uk/life-style/health-and-families/health-news/leahy-invests-in-safe-tobacco-after-tesco-made-a-killing-on-cigarettes-2292452.html The Independent newspaper(2011) - Leahy invests in 'safe' tobacco (after Tesco made a killing on cigarettes)