SPL 3.00% 9.7¢ starpharma holdings limited

Ann: TGA infringement notices for alleged advertising, page-100

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    "... The fine imposed on Starpharma was multi-faceted, including the fact Viraleze is not yet approved for use in Australia. Yet the fine was also imposed because, according to the regulator, the company's promotion of the product "included a restricted representation claiming that Viraleze is an antiviral nasal spray that stops SARS-CoV-2, the virus that causes COVID-19."
    According to the regulator's statement announcing the fine against Starpharma, "Any claims or references to preventing or treating a serious form of a disease, condition, ailment or defect are restricted representations. "Under the Act, the use of restricted representations in advertisements for therapeutic goods is unlawful without the prior authorisation of the TGA. No relevant authorisation has been granted for the advertised claims in this case." This action against the Australian company was consistent with the TGA's general approach to the application of the laws for advertising therapeutic interventions. The regulator tends to administer this law to a very high and consistent standard - almost punitive - presumably because it wants to maintain a deterrent. ..."

    Irrespective of the perceived injustice and inconsistency of the TGA's treatment of Starpharma vis-a-vis TTA this is clearly the reason for the objection and the fine. COVID is just too serious an issue to allow anything to be seen to exploit a public interest issue for profit unless it absolutely goes through the appropriate channels in exactly the right way - or look out!
 
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