FDA and FTC are cracking down on companies offering fake treatments for new coronaviruses

The U.S. Food and Drug Administration (FDA) and the U.S. Federal Trade Commission (FTC) are cracking down on companies that claim to offer new coronavirus treatments or therapies,media reported, as the first step in tackling fraudulent COVID-19 drugs and new-age therapies. The FDA and the FTC confirmed Monday that they have warned seven companies about their health-cheating products. Both agencies say this could eventually lead to greater transmission of coronaviruses and even more deaths.

FDA and FTC are cracking down on companies offering fake treatments for new coronaviruses

The warning letter highlights four main product types. The seven companies have been offering tea, essential oils, antidotes and colloidal silver, known as the treatment, prevention or cure of COVID-19.

“There is currently no vaccine or drug approved for the treatment or prevention of COVID-19,” the FDA said in a statement Monday. Although vaccines and treatments for COVID-19 are being developed, these experimental products are still in the early stages of product development and have not been fully tested for safety or effectiveness. “

Fda and FTC work together to Vital Silver, Quinencese Aromathe Ltd., Xephyr LLC (N-Ergetics), Guru Nanda LLC, Vivify Holistic Clinic, Herbal Amy LLC and Jim Bakker Show sent the seven letters. Each company now has a 48-hour response time detailing “the specific steps they took to correct the violation.” If they do not comply, these bodies have the right to take legal action, including seizure and injunction.

While work is under way to target the new coronavirus, which does not respond to conventional flu vaccines, the FDA is also focusing on cracking down on counterfeit drugs. The FDA has set up a cross-agency task force to monitor fraudulent products on social media and online stores. Require large retailers to report any such products that a third-party vendor may list on their platform.

“The task force has worked with large retailers and online markets to remove dozens of fraudulent COVID-19 product lists,” the FDA said Monday. Several companies have agreed to monitor their markets for COVID-19 fraud. “

Online auction site eBay confirmed late last week that it had removed all COVID-19-related items, including masks and sanitized wipes, and blocked the deadline to avoid price fraud and misleading sales.

Worryingly, concerns about the effectiveness of the vaccine and the spread of the new coronavirus may encourage some people to consider false treatments. “The use of these products may delay the proper diagnosis and treatment of COVID-19 and other potentially serious diseases and conditions,” the FDA said. “