The TGA recently had a $10 million fine awarded by the Federal Court against Peptide Clincs Pty Ltd for breaches of advertising regulations, including advertising prescription-only medicines to the public. However, the company involved had gone into liquidation some months earlier and will not pay. In its media release the TGA said,
Please report non-compliant advertisements to the TGA, such as those promoting unapproved therapeutic goods that claim to be image enhancing. The TGA will investigate and take action.
Indeed, similar complaints have been submitted some time ago, but still lack a published outcome. For example, Evolution Supplements King Kong stack
More recently, complaints have been submitted about Muscle Peptides Australia and Peptides Direct Australia & NZ (some products promoted below).
So, there is plenty of examples to exercise the TGA’s new compliance and enforcement powers. Hopefully, before more companies go into liquidation!
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