Below is a press release issued by Irwin Naturals about its settlement of an investigation into its mislabeling and falsely advertising some of its products under California Law: Irwin Naturals, one of the nation’s leading suppliers of natural dietary and herbal supplements, announces that it has reached a settlement with a California task force that [...]
With an ongoing rise in nutritional supplements containing chemicals regulated as drugs, the Commissioner of the Food and Drug Administration recently sent a letter to all manufacturers of dietary supplements reminding them of their concern of this matter and their plans to reduce the problem. The purpose of the letter is stated as to “address [...]
Guest Deal News Post: Erik L. Kantz, Partner, Arnstein & Lehr, LLP Schiff Nutrition International (NYSE: WNI) is reportedly “on the prowl” for new acquisitions after a sale of approximately 25 percent of its shares to TPG Growth, a private equity firm affiliated with TPG Capital of Forth Worth and led by William McGlashan Jr. [...]
Guest Post: Greg Doherty of Poms & Associates Insurance Deals in the supplement space are heating up. That’s why it’s important to remember to pay attention to details like Extended Reporting Provision (“ERP”) or “tail” coverage options available in insurance policies that can protect the business going forward in the event of claims. Liability insurance [...]
To understand why Sen. John McCain introduced a bill on dietary supplements, read the press releases. The legislation announced Feb. 3 addresses public safety, but mostly it’s about the reputation and revenue of professional and Olympic sports. The evidence: McCain says in the release that “a little over a year ago the NFL suspended six [...]
Marketers of nutritional supplements often complain that they do not know what the FDA wants. Even after the agency sends a warning letter about misleading claims and advertising, its staff does not explain what would fall within the rules. That’s the reality; the FDA will tell you what’s wrong, not what’s right. Through warning letters, [...]
