FDA sends letters to 20 companies in attempt to rein in stem cell industry

By William Wan and Laurie McGinley April 3 at 6:10 PM The Food and Drug Administration on Wednesday sent 20 letters to companies in the burgeoning stem cell industry, telling them they are selling an unapproved product in violation of federal laws.

For years scientists, doctors and consumer advocates have pressed FDA to move more aggressively against for-profit stem cell clinics. In the face of relative inaction by FDA, the industry expanded exponentially. Scientists believe stem cell research may lead to solutions to complex and in­trac­table diseases. But scientific societies, medical associations and leading researchers have issued warnings against for-profit clinics, comparing them to modern snake oil salesmen.

“I do think warning letters have had a deterring effect,” Gottlieb said, adding that each warning letter requires immense FDA resources. “The unmistakable message is that the firms’ time to come into compliance is rapidly running out,” said Paul Knoefler, a stem cell biologist at the University of California at Davis and frequent critic of the for-profit stem cell industry. “It may be by the end of 2020 we’ll see fewer risky stem cell clinics out there than in 2019.”

In a public version of its warning letter sent to Cord for Life, FDA officials redacted the name of a third party copied on the letter. But the unredacted version shows Liveyon as the third party copied, according to someone who has seen the letter and requested anonymity to describe it.

Here we go again. Backwards.

Stem cell research has now or will soon reveal discovery of dozens of cures for cancer and other serious life-threatening ailments. But why cure when you can treat long-term and make a ridiculous fortune? Greed. Plain & simple.

so now we're just digging up issues from the 90s that most people have moved on from?

they should of just got the cure from Dr. Sebi when they could have smh whynot forNip notajournalist

I wont pay a dime after the grotesque campaign against MAGA FAKENEWS and you want to charge?

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Progress Software stock surges nearly 20% on earnings beat, raised outlookProgress Software Corp. shares rallied in the extended session Thursday after the company topped Wall Street estimates for the quarter and hiked its outlook....
Source: MarketWatch - 🏆 3. / 97 Read more »