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Pastimes : Investment Chat Board Lawsuits -- Ignore unavailable to you. Want to Upgrade?


To: Jeffrey S. Mitchell who wrote (5733)2/13/2004 3:56:46 PM
From: Janice Shell  Respond to of 12465
 
LOL!! I remember GUMM from years and years ago. There was something funny about it...



To: Jeffrey S. Mitchell who wrote (5733)2/17/2004 2:23:41 PM
From: StockDung  Respond to of 12465
 
2/17/03 DJ Matrixx Has Contacted FDA About Zicam Cold Remedy

By Carol S. Remond
Of Dow Jones Newswires

NEW YORK (Dow Jones)--Matrixx Initiatives Inc. (MTXX) says that it will
cooperate
with the Food and Drug Administration and answer any questions that the
government
agency may have about the safety of Zicam Cold Remedy.
Matrixx Chief Executive Officer Carl Johnson told investors during a
conference
call Tuesday that the company has not "been informed by the FDA of an
inquiry or
an investigation."
Johnson said reports linking Zicam Cold Remedy to anosmia, or loss of
smell,
are "misleading and completely unfounded."
"However, reflecting our concern for this issue, we have taken the unusual
step
of communicating with the FDA, providing them with copies of our public
statements
on this matter. And we assured them that we will cooperate openly and fully
should
they have any questions what so ever regarding this matter," Johnson said.
Dow Jones first reported on Jan. 30 in an "In The Money" column that the
FDA
is looking into complaints that Zicam Cold Remedy, a spray designed to
deliver
a zinc gel into the nose, may be causing some users to lose their sense of
smell.
Other news organizations have since reported similar stories.
So far, five lawsuits have been filed against Matrixx by users of Zicam
Cold
Remedy who claim to have lost their sense of smell after using the product.
An FDA spokeperson wasn't immdiately available to comment on Johnson's
statements.

Commenting on a statement by Matrixx on Feb.2 that it wasn't aware of an
FDA
inquiry, FDA's spokesman Brad Stone said "if the company wasn't aware that
we are
looking into this matter, it should be aware of it at this point...It's a
matter
of public record that we are looking into it."
The company's stock is currently trading at $10.59, up 39 cents or 3.8%,
on volume
of 315,531 shares.

-By Carol S. Remond; Dow Jones Newswir