ValeoMD Selling Unapproved Stem Cell Therapy: CBER
The CBER Office of Compliance and Biologics Quality says ValeoMD, Millburn, NJ, is using a Web site to market “stem cell therapy” derived from adipose tissue to treat many neurological, inflammatory, and degenerative diseases. A just-released 4/28 Notice of Violation says the firm’s adipose-derived cellular product appears to be a human cell, tissue, or cellular or tissue-based product that would be regulated as a drug and biologic.
The notice says that to lawfully market a drug that is also a biological product, the company needs to have a valid BLA or IND in effect. Since the company does not have either one, it is marketing its products unlawfully.
ValeoMD was told to respond to the letter within 30 days.