Abandoned FDA Efforts

July 31st, 2009

Years ago, I worked with a natural vitamin company. I always find it interesting when they do this now, I’m far less interested now. But there are some companies who go through part of the process of getting FDA approval, and then they suddenly decide to just sell on the open market. At the time, it was this idea about using chicken collagen instead to try to treat arthritis, and over time I realized why they suddenly dump FDA trials. FDA trials will bring a lot more money, that is the simple fact of the matter. They do it because all their trials are failing. But to some unsuspecting investor or consumer, it looks frankly like they are that impressive to even start the trials in the first place. At the time, I was a good employee and thought I would try to promote it a little. They sold through GNC stores actually for a few months before the sales were determined to be too low to continue by GNC’s standards. For those looking into this kind of thing, it’s not a matter of being a savvy or stupid businessman. Most just don’t know about this kind of stuff and leave it up to those they assume do. But frankly, I’ve found that to be a huge red flag. Clinical trials are one thing, especially if they are successful. Supposed FDA trials are completely something else. You don’t go in without the proper funding to start with, because companies aren’t stupid. They know it takes millions or in short a lot of money to complete them, and they aren’t going to just throw previous work and dollars away at random.