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Altria Group Inc. is expecting to finalize development work by the end of this year on two novel nicotine products that could be submitted to federal regulators for approval soon after that, as the nation’s top tobacco company continues to push into alternatives to the conventional cigarettes that still produce most of its sales, the company top’s executive said on Wednesday.

“We know that cigarettes are dangerous and addictive,” said William F. “Billy” Gifford, Altria’s chief executive officer, [...] “And we know that the No. 1 expectation that society has for us as a company is to reduce the harm associated with cigarettes.