Category: Business

FDA, FTC Have Sent Warning Letters To Three CBD Marketers For False Medical Claims

On Tuesday, April 2, 2019, letters from the Food and Drug Administration (FDA) and the Federal Trade Commission (FCC) were sent to three companies that market cannabidiol (CBD) products warning them against making false claims that their products can treat diseases like cancer and Alzheimer’s. The three companies are: Nutra

Sony’s Former CEO and Chairman of the Board Kazuo Hirai, Retiring

Kazuo Hirai, Sony’s former CEO and Chairman of the Board is retiring after serving with the company for 35 years.   Sony Corporation, a Japanese multinational conglomerate company is  headquartered in Kōnan, Minato, Tokyo. Its diversified business includes consumer and professional electronics , smartphones, film and movies, television and home theaters,

Eli Lilly Ends Lartruvo Promotions After Trial Fails; Sales Follow Suit

On Friday, Eli Lilly and Co said that its new cancer treatment did not improve patient survival in a long-term confirmatory study. While the medication, Lartruvo, did win conditional approval, the drugmaker will no longer prescribe the product. Indeed, no new patients will start this drug regimen as Lilly is suspending any