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Matrixx Initiatives (NASDAQ: MTXX), maker of the allegedly scent-stealing Zicam nasal swabs, tumbled to a new annual low this morning on news that the Securities and Exchange Commission (SEC) is launching an informal inquiry. The SEC is requesting documents and other information regarding the warning letter issued to Matrixx by the U.S. Food and Drug Administration.

Last week, the FDA told consumers to stop using certain nasally administered Zicam products after the agency received more than 130 complaints from users who lost their sense of smell. Matrixx has defended its homeopathic, over-the-counter offerings, calling the safety concerns "erroneous," but the firm settled hundreds of lawsuits in 2006 with consumers making the same allegations.

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Matrixx Initiatives plummets to 11-year low on SEC inquiry originally appeared on BloggingStocks on Tue, 23 Jun 2009 13:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>FDAFood and Drug AdministrationFoodAndDrugAdministrationinthenewsMatrixx InitiativesMatrixxInitiativesMTXXoptionsSECSecurities and Exchange CommissionSecuritiesAndExchangeCommissionZicamTue, 23 Jun 2009 13:00:00 EST<![CDATA[The Brush Off: Counterfeit Colgate toothpaste found in 4 states]]>http://www.bloggingstocks.com/2007/06/14/the-brush-off-counterfeit-colgate-toothpaste-found-in-4-states/http://www.bloggingstocks.com/2007/06/14/the-brush-off-counterfeit-colgate-toothpaste-found-in-4-states/http://www.bloggingstocks.com/2007/06/14/the-brush-off-counterfeit-colgate-toothpaste-found-in-4-states/#commentsFiled under: , , ,

In yet another case of product contamination, Colgate-Palmolive (NYSE: CL) has discovered counterfeit packages of its Colgate-brand toothpaste on the shelves of discount stores in New York, New Jersey, Pennsylvania, and Maryland.

A statement noted that, "There are indications that this product does not contain fluoride and may contain [poisonous chemical] diethylene glycol." So . . . it won't clean your teeth, but it might make you sick or worse. Lose-lose.

Diethylene Glycol, used as a solvent and in antifreeze, has been "improperly used as a low-cost substitute for glycerin and propylene glycol in pharmaceutical preparations," according to a June 8 statement from the U.S. Food and Drug Administration (FDA). Certain toothpastes imported from China in recent weeks have been found to contain the potentially deadly substitute ingredient; the FDA is advising consumers to discard any toothpaste labeled as made in China.

Fortunately, there is clue for any concerned residents of the targeted states. The impostor Colgate tubes are labeled "Manufactured in South Africa" -- but CL does not import toothpaste into the U.S. Proving that criminals aren't always masterminds, the fake tubes have also been found to contain misspellings, such as the "South African Dental Assoxiation" or "SOUTH AFRLCA."

Beth Gaston Moon is an analyst at Schaeffer's Investment Research.

The Brush Off: Counterfeit Colgate toothpaste found in 4 states originally appeared on BloggingStocks on Thu, 14 Jun 2007 11:45:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>chinaCLcolgate palmoliveColgatePalmolivecontaminationFDAfood and drug administrationFoodAndDrugAdministrationhealth issuesHealthIssuessouth africaSouthAfricatoothpasteThu, 14 Jun 2007 11:45:00 EST