Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

FDA to clarify comprehensive policy for stem cell therapies, goes after "bad actors"

Published 08/28/2017, 10:00 AM
Updated 08/28/2017, 10:00 AM
© Reuters.  FDA to clarify comprehensive policy for stem cell therapies, goes after "bad actors"
  • In a statement, FDA Commissioner Scott Gottlieb, M.D., says the agency will be advancing a comprehensive policy framework in the coming months aimed at clarifying the "rules of the road" for developers of stem cell and regenerative medicine therapies so the regulatory process will be more efficient and less costly.
  • He adds that the regulator will be increasing oversight and enforcement in order to rein in the "bad actors" that are endangering patients with unproven treatments.
  • For example, it issued warning letter to a Florida site called US Stem Cell Clinic and its Chief Scientific Officer for marketing unapproved stem cell products and for "significant deviations" from good manufacturing practices. A recent on-site inspection found that the clinic was processing body fat into stem cells derived from the body fat and administering the product (intravenously and directly into the spinal cord) to patients with Parkinson's disease, amyotrophic lateral sclerosis, heart disease and other conditions. None of the products have been reviewed or approved by the FDA. The clinic has 15 days to respond with its plan to address the issues.
  • Selected tickers: (NASDAQ:BLRX) (NASDAQ:BCLI) (NASDAQ:APOP) (OTCQB:RCAR) (NYSEMKT:CUR) (NASDAQ:VTGN) (NASDAQ:BSTG) (NYSEMKT:ONVO) (NASDAQ:ATHX) (NYSE:MNK) (NYSEMKT:AST) (NASDAQ:HSGX) (NASDAQ:CYTX) (NYSE:AGN) (OTCPK:BAYRY) (NASDAQ:CLBS)
  • Now read: Lord, Abbett Sues Valeant; Claims Billion In Losses


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.