FDA Warns CVS Health, Walgreens Against Unapproved Eye Products

RTTNews | 399日前
FDA Warns CVS Health, Walgreens Against Unapproved Eye Products

(RTTNews) - The U.S. Food and Drug Administration has warned eight companies including CVS Health and Walgreens Boots Alliance, Inc. against manufacturing or marketing unapproved ophthalmic drug products in violation of federal law.

The agency has issued warning letters as part of its ongoing effort to protect Americans from potentially harmful ophthalmic products.

Apart from CVS Health and Walgreens, the letters have been issued to Boiron Inc., DR Vitamin Solutions, Natural Ophthalmics, Inc., OcluMed LLC, Similasan AG/Similasan USA, and TRP Co., Inc.

The unapproved eye products in question are illegally marketed to treat conditions such as conjunctivitis or pink eye, cataracts, glaucoma and others. Some of the FDA warning letters also cite the companies involved for quality issues related to product sterility.

According to the agency, these illegally marketed, unapproved ophthalmic drug products are highly likely to cause harm to users as drugs applied to the eyes bypass some of the body's natural defenses.

Among these affected eye products, some are labeled to contain silver, which may be characterized as silver sulfate, silver sulphate or argentum. The FDA noted that long-term use of drugs containing silver can cause some areas of the skin and other body tissues, including in the eye, to permanently turn gray or blue-gray, which is called "argyria."

Further, with these unapproved drugs that claim to cure, treat or prevent serious conditions, consumers are likely to delay or stop medical treatments that have been found safe and effective through the FDA review process.

The agency's investigation of eye products is ongoing, and it may take additional regulatory or enforcement actions, as warranted. Consumers currently using the affected eye products are urged to check with their health care professional, and to report any adverse reaction to FDA's MedWatch program.

The companies are required to respond within 15 days of receipt of the letters with their planned measures to correct the violations. If failed, the FDA will pursue legal action, including product seizure and/or a court order requiring a company to stop manufacturing and distributing an unapproved product.

The FDA also has placed some of these companies on import alert to help stop their products from entering the U.S.

Jill Furman, director of the Office of Compliance for the FDA's Center for Drug Evaluation and Research, said, "When we identify illegally marketed, unapproved drugs and lapses in drug quality that pose potential risks, the FDA works to notify the companies involved of the violations. We will continue to investigate potentially harmful eye products and work to ensure violative products stay off store shelves so that consumers can continue taking the medicines they need without concern."

In late August, the agency had issued warning letters to three infant formula manufacturers for violations of infant formula regulations.

In June, such letters were issued to 189 retailers against unauthorized sales of two of the most popular disposable e-cigarettes in the U.S., specifically Elf Bar and Esco Bars brand e-cigarettes.

For More Such Health News, visit rttnews.com

read more
Walgreens To Close 1,200 US Stores

Walgreens To Close 1,200 US Stores

Walgreens announced its plan to close around 1,200 U.S stores over the next three years, including around 500 closures in fiscal 2025, as the drug store chain is facing a challenging U.S. retail environment amid increasing competition. The move, which was announced while reporting a significantly wider net loss in its fourth quarter, is expected to be immediately accretive to adjusted earnings...
RTTNews | 11時48分前
CVS Health Reportedly Mulls Breakup, To Cut 2,900 Jobs

CVS Health Reportedly Mulls Breakup, To Cut 2,900 Jobs

CVS Health Corp. is conducting a strategic review of options including a possible breakup amid issues from its drugstore chain and Aetna health insurance arm, reports said citing person familiar with the matter. The company also plans to reduce its workforce by less than 1 percent, which would affect around 2,900 employees, as part of its cost-cutting efforts.
RTTNews | 15日前
CVS Offers Updated 2024-2025 COVID-19 And Flu Vaccines

CVS Offers Updated 2024-2025 COVID-19 And Flu Vaccines

CVS Health Corp. announced Wednesday the availability of updated 2024-2025 COVID-19 vaccines and flu vaccines at CVS Pharmacy and MinuteClinic locations across the United States. The U.S. Food and Drug Administration recently approved and granted emergency use authorization or EUA for updated Covid vaccines (2024-2025 formula) from Pfizer Inc. and ModernaTX Inc. for use against currently...
RTTNews | 49日前
CVS Health Slashes FY24 Outlook; Stock Down 11% - Update

CVS Health Slashes FY24 Outlook; Stock Down 11% - Update

While reporting financial results for the first quarter on Wednesday, CVS Health (CVS) slashed its earnings and adjusted earnings guidance for the full-year 2024, reflecting the potential for continued elevated medical cost trends in the remainder of 2024.
RTTNews | 168日前
P&G Recalls 8.2 Mln Defective Laundry Detergent Packets

P&G Recalls 8.2 Mln Defective Laundry Detergent Packets

Consumer goods giant Procter & Gamble Co. has called back around 8.2 million defective bags of Tide, Gain, Ace and Ariel laundry detergent packets distributed in the United States citing risk of serious injury, the U.S. Consumer Product Safety Commission announced. In addition, about 56,741 were sold in Canada. According to the agency, the outer packaging meant to prevent access to the contents...
RTTNews | 191日前
Walgreens, CVS To Sell Abortion Pill Mifepristone Starting In March

Walgreens, CVS To Sell Abortion Pill Mifepristone Starting In March

Pharmacy majors Walgreens Boot Alliance Inc. and CVS Health Corp. will start selling abortion pill mifepristone this month at stores in several states where it is legal. Both companies have received certification from the U.S. Food and Drug Administration to dispense the pill at their retail pharmacies.
RTTNews | 226日前
CVS Health Lowers FY24 Outlook - Update

CVS Health Lowers FY24 Outlook - Update

While reporting financial results for the fourth quarter on Wednesday, CVS Health (CVS) lowered its earnings and adjusted earnings guidance for the full-year 2024.
RTTNews | 252日前
CVS Health Confirms Tom Cowhey As New CFO

CVS Health Confirms Tom Cowhey As New CFO

CVS Health (CVS) announced Friday that Senior Vice President of Corporate Finance and interim CFO, Tom Cowhey, has been formally appointed the company's next CFO.
RTTNews | 285日前