Stem cells are often touted by an unscrupulous salesman as a miracle treatment. A simple injection, they say, is a safe and effective way to treat a multitude of ailments. This tantalizing sales pitch lures patients who are often sick or disabled, suffering from incurable diseases and a dearth of hope, to spend tens of thousands of dollars on such treatments. Yet, what these patients are not told, is that the vast majority of all stem cell therapies offered to patients are unapproved and unproven, and in many cases can be wildly unsafe.
In fact, there is only one stem cell treatment approved by the FDA. This treatment uses blood-forming stem cells derived from umbilical cord blood in patients with disorders that affect their bodies ability to produce blood. There are no other FDA approved stem cell therapies. Meaning that many people who receive unapproved stem cell therapies receive no medicinal benefits from the treatment, and worse, put themselves at risk of developing serious medical complications such as infection, tumor growth, and blindness.
Despite all these risks, and the fact that most, if not all, unapproved and unproven stem cell therapies are of no medicinal value and are worthless, manufacturers and distributors of these products continue to pedal them as approved, safe, and effective, and in doing so, rake in hundreds of millions of dollars a year. In our opinion, these practices are fraudulent, deceptive, and illegal.
Contact our office if you or a loved one received stem cell therapy and received no benefit from the treatment, or worse, were injured by the treatment. You may be entitled to file a lawsuit for your damages, including the return of all the money you spent on the therapy.