MarketWatch2 months ago
The Food and Drug Administration said on Tuesday it had posted a warning letter to Nutra Pharma Corp. for illegally marketing unapproved products for treating pain and addiction. "Health fraud scams like these are inexcusable," said FDA Commissioner Scott Gottlieb. Nutra Pharma makes a line of products that supposedly contain cobra venom, something the company says can be used to treat chronic pain, cancer, arthritis and heroin addiction. "These products have not been demonstrated to be safe or effective and may keep some patients from seeking appropriate, FDA-approved therapies," the FDA said in a statement. The regulatory agency is seeking a response from Nutra Pharma within 15 working days. Nutra Pharma trades over the counter.