InvestorsHub Logo
Followers 93
Posts 21466
Boards Moderated 0
Alias Born 06/07/2011

Re: janice shell post# 149691

Tuesday, 03/19/2019 2:34:35 PM

Tuesday, March 19, 2019 2:34:35 PM

Post# of 223908
i]The SEC seems far more reluctant to suspend for cause these days

And it's only going to get worse.

Guess it's up to the FDA to try to slow the scam down. While awaiting the reply as to why they are marketing a "drug" or supplement with unsubstantiated claims, they might look into the claim by Nutra got an Orphan drug designation for their cobra venom product. It doesn't seem to be in the FDA Orphan drug database.

Orphan drug status usually isn't applied for, and granted until Phase 1 clinical trials have been completed. Although in theory it can be applied for after pre-clinical tests have been run. At any stage of development the FDA will look at the company's expenses incurred. Granting orphan status only if their is evidence, it is required to recover development costs. Doubtful if this scam even would have pretended to run pre-clinical tests.

Basically Nutro attempted PR about something that doesn't exist, with a bogus Orphan drug claim to boot.

The Jewel of the Mind is Colored with the Hue of what it Imagines

Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.