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Latest From Eileen Francis
President Trump nominates as FTC chair Joseph Simons, an antitrust attorney who led its Bureau of Competition under former President Bush. Advertising law attorneys say Simons sees whether consumers incurred economic injury to be central to enforcement on false advertising complaints.
J&J’s worldwide OTC drug division sales rose 4.4% to $1bn, driven by the Tylenol and Nicorette brands, the firm reports Oct. 17. Those revenues helped offset softness in the firm’s Listerine and other oral care products due to more competition online from start-ups selling straight to consumers.
J&J’s beauty business had 4.4% sales growth operationally in the third quarter to $1.03bn, boosted by the addition of Vogue brands. The unit helped offset slower sales of oral care and baby care products, which are competing with new market entries and online start-ups.
ProSupps initiates recall of fitness powders and drinks that contain picamilon, an unapproved ingredient that crosses the blood-brain barrier.
Warning letter and multiple form 483s fail to convince Custompax; Kellogg acquires RXBAR clean-label protein bars for $600m; NutraFuels used Blast Cap for products; and more news in brief.
Following his recent arrest in a separate federal enforcement, Hi-Tech Pharmaceuticals CEO Jared Wheat and his firm are fined $40m for violating a 2008 court order on an FTC complaint about fraudulent weight loss claims. The financial sanction is justified by a “pattern of contemptuous conduct,” the judge said.