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Stock impact report

A decades-old FDA rule is keeping Americans from having better sunscreen [MSNBC.com]

BASF SE S/ADR (BASFY) 
NASDAQ:AMEX Investor Relations: basf.com/en/company/investor-relations.html
Company Research Source: MSNBC.com
When dermatologistDr. Adewole “Ade” AdamsonAt issue is not just whether people are using enough sunscreen, but what ingredients are in it.The Food and Drug Administration’s ability to approve the chemical filters in sunscreens that are sold in countries such as Japan, South Korea, and France is hamstrung by a 1938 U.S. law that requires sunscreens to be tested on animals and classified as drugs, rather than as cosmetics as they are in much of the world. So Americans are not likely to get those better sunscreens — whichblock the ultraviolet raysLa Roche-Posay's Anthelios sunscreen, from France, contains an ingredient that hasn't been approved in the U.S.Chelsea Stahl and Elise Wrabetz / NBC NewsSunscreen makers say that requirement is unfair because companies includingBASF Corp.L’Oréalsafety dataEuropean Union authoritiesSteven Goldberg, a retired vice president of BASF, said companies are wary of the FDA process because of the cost and their fear that additional animal testing could i Show less Read more
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