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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

3

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
HealthValeant Pharmaceuticals

Study Says This Cold Medicine Doesn’t Actually Fight Colds

By
Michal Addady
Michal Addady
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By
Michal Addady
Michal Addady
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February 1, 2016, 3:09 PM ET
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An employee stocks shelves at a Shoppers Drug Mart Corp. store in Toronto, Ontario, Canada, on Monday, Feb. 4, 2013. Shoppers Drug Mart Corp., Canada's largest pharmacy chain, is scheduled to release earnings data on Feb. 7. Photographer: Aaron Harris/Bloomberg via Getty ImagesPhotograph by Aaron Harris — Bloomberg via Getty Images
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A newly revealed study shows that Cold-FX is ineffective as a cold and flu treatment.

The study was conducted in 2004, but the results had never been publicly available until they came up in a class-action lawsuit against Valeant Pharmaceuticals (VRX), the National Post reports. The class-action is being headed by attorney John Green and accuses the company of misleading consumers up until recently. Cold-FX was invented by Afexa Life Sciences, and Valeant now owns the product after purchasing Afexa in 2011.

The 2004 study, conducted by Dr. Gerry Predy who currently serves as Alberta’s senior medical officer of health, showed that Cold-FX doesn’t treat cold or flu symptoms, though it did work as a preventative measure. It found that if a person took the supplement every day for two or more months, it reduced the frequency and intensity of respiratory illnesses.

According to marketing for the product, Cold-FX could “stop cold and flu in their tracks,” and “help provide effective relief” and “immediate relief.” Though when Predy measured it up against a placebo as a treatment, the results for both were very similar with symptoms being more severe and lasting just a bit longer for those taking the medicine.

“If true, this kind of information should have been disclosed,” Green told the Post.

Pharmaceutical companies aren’t obligated to publish trial results in Canada, where the lawsuit is taking place. The company filed a report with Health Canada, but the government can’t publish that information publicly. Predy said he couldn’t remember if the study had been rejected from a scientific journal or if Afexa just didn’t submit it because “it was not likely to be published given the results.”

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