Buy this domain.

Zicam Recall Still Weighing on Matrixx | cialis online

Zicam Recall Still Weighing on Matrixx

AddThis Social Bookmark Button

The maker of Zicam, Matrixx Initiatives, continues to reel from last year’s recall of its nasal cold remedy products. According to the company, sales for its fiscal first quarter, which ended June 30, dropped to $3.2 million, down from $6.9 million one year ago.

Last June, the U.S. Food & Drug Administration (FDA) said it had received 130 reports of anosmia—loss of sense of smell—in people who had used the product. Following the FDA alert, Matrixx Initiatives recalled two of the products: Zicam Cold Remedy Nasal Gel and Zicam Cold Remedy Swabs. The company had already withdrawn Zicam Cold Remedy Swabs, Kids Size, the third product named by the FDA

Since then, Matrixx has been named in lawsuits filed on behalf of hundreds of consumers and investors stemming from the Zicam recall. Bill Hemelt, President and Chief Executive Officer, said the company is engaged in mediation with the plaintiffs in an effort to settle the cases in order to avoid the costs and risks of litigation.

Hemelt also said Matrixx has entered into settlement agreements with 46 potential claimants who, several years ago, had threatened to file lawsuits against the company claiming that Zicam Cold Remedy nasal gel had caused a loss of smell, though the company continues to deny the allegations.

During the first quarter, Hemelt said the company reached a $5 million settlement with its product-liability insurer, $2.2 million of which was used for legal bills during the quarter. The remainder will be applied toward future legal bills, which the company anticipates will range from $1.3 million to $1.8 million each quarter.

Hemelt did have some good news to report. He cited year-over-year data that showed 5 percent growth in the company’s Zicam oral products and 7 percent increase for allergy and congestion products. He also said that the company’s 10 largest retail customers, on average, plan to stock more Zicam products on store shelves during the upcoming cold season.

« »

Leave a Reply

You must be logged in to post a comment.




Defective Johnson & Johnson Depuy ASR Hip Implants

The Johnson & Johnson Depuy ASR Hip Implant is suppose to last 15 years, but can fail in only a few years after surgery. Victims with faulty hip implants endure excruciating pain, pain in the groin, death of tissue in the hip joint and loss of surrounding bone. GET ALL THE FACTS NOW! CLICK HERE!

CAT Scans Radiation Exposure

If you had a CT or CAT scan and now have a band of missing hair, skin reddening or any other problems possibly related to a radiation overdose, you may have been exposed to much radiation due to incorrect settings on these machines. CONTACT US TODAY!

Water Contamination From Fracking

Hydraulic Fracturing of Fracking a way to extract natural gas from shale is contaminating water supplies across the country. Get the facts to keep your drinking water safe for your family.

Overexposure to PCBs

Many people unknowingly have been exposed to high levels of PCBs. Recently 3 schools in NY City were found to have dangerous levels of PCBs throughout. Many workers for Monsanto, General Electric, and Westinghouse were exposed to high levels of PCBs. PCBs are a dangerous toxic substance that doesn't break down easily and can cause chloracne, bleeding and neurological disorders, liver damage, spontaneous abortions, malformed babies, cancer, and death. GET THE FACTS!
Overexposure to

Great Photography

Tallis Photo, the number one photographer for great corporate, wedding, and special occasion photos. CONTACT US TODAY!

Poligrip Lawsuit

Super Poligrip or Fixodent May Cause Nerve Damage. 800-LAW-INFO

Personal Injury Lawyer Nassau County

If you or someone you love was injured CONTACT US TODAY!

Nursing Home Blog

When a loved one is abused at a nursing home, it is time to take action. STOP nursing home abuse!

Car Accident Lawyer Nassau County

If you or someone you love was injured in an auto accident CONTACT US TODAY!

Suffolk County Auto Accident Lawyer

If you or someone you love was injured in an auto accident in Suffolk County, NY CONTACT US TODAY!

Don't Be Denied Veterans Benefits

If you or someone you love was denied veterans benefits CONTACT US TODAY!

Oil Rig Spills Lawyer

Oil Rig Spills harm the environment and cause heavy losses to coastal game and fishing industries, as well as a loss of waterway usage, resulting in a loss of income to individuals and businesses, and a loss of beach front usage. Don't let a spill cause you harm, CONTACT US TODAY!

Whistle Blower

Stand up and say what you think is right. See something, say something.