Have you seen those ads for Prevagen, the memory-enhancing supplement? It’s got “a protein originally found in jellyfish,” so you know it has to be good. The company that makes the drug, Quincy Biosciences, is currently being sued in federal court by the FTC and the New York Attorney General for “clear-cut fraud.” So we got our hands on some of the complaints.
“The marketers of Prevagen preyed on the fears of older consumers experiencing age-related memory loss,” Jessica Rich, director of the FTC’s Bureau of Consumer Protection, said in a statement when the FTC filed suit in January. “But one critical thing these marketers forgot is that their claims need to be backed up by real scientific evidence.”