Innovation Pharmaceuticals Inc (IPIX)

[sunspotter]

"Guess what, thalidomide was FDA Approved!!!"

But guess what? Not for for morning sickness, unlike in Europe where it caused countless tragedies:

"In 1960, the limited liability corporation Richardson-Merrell applied to the US FDA, headquartered in Maryland, for approval to sell Kevadon, the company's trade name for thalidomide. The company hoped to approve thalidomide as an over-the-counter drug and recommended it to treat a variety of ailments including alcoholism, anorexia, asthma, cancer, poor schoolwork, premature ejaculation, and tuberculosis. The application went to Frances Kelsey, a physician and pharmacologist at the FDA. Kelsey noticed reports of thalidomide's adverse effects in Germany. Because one of thalidomide's recommended uses was treating morning sickness, Kelsey requested more data from Richardson-Merrell to show that thalidomide was safe for use during pregnancy."

https://embryo.asu.edu/pages/us-regulatory-response-thalidomide-1950-2000

The FDA actually did the right thing.

Subsequently thalidomide was approved for other indications including leprosy and myeloma but with an absolute contraindication for pregnancy.