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Stock impact report

FDA cracks down on 'illegal' cancer treatments [CNN]

Lifevantage Corporation (LFVN) 
Last lifevantage corporation earnings: 8/15 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.lifevantage.com/investor-relations
Company Research Source: CNN
FDA cracks down on 'illegal' cancer treatments (CNN) The US Food and Drug Administration calls it "cruel deception": companies promising desperate consumers that their products can cure cancer. On Tuesday, the agency responsible for policing the American food and drug market issued warning letters to 14 companies that it says are "illegally selling more than 65 products that fraudulently claim to prevent, diagnose, treat or cure cancer." "There's a couple of issues here," Jason Humbert, a regulatory operations officer in the FDA's Office of Regulatory Affairs, told CNN. "The FDA's role is to review and evaluate products for safety and effectiveness, particularly products that are intended for the treatment of a disease like cancer. Cancer requires the supervision of a licensed health care provider." The companies that received the warning letters are required by law to respond in a timely fashion, indicating whether they intend to pull the products under scrutiny from the market or a Show less Read more
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