Semi-Annual Changes to the NASDAQ Biotechnology Index Nov 14, 2009
As a result of the re-ranking, Matrixx Initiatives, Inc (Nasdaq: - ) will be removed from the Index. The NASDAQ Biotechnology Index is the basis for the iShares Nasdaq Biotechnology Index(SM) Fund (IBB), which seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the NASDAQ Biotechnology Index. (Primezone Releases)
Shareholder lawsuit reinstated against Matrixx Nov 13, 2009
A federal appeals court has reinstated a shareholder lawsuit against Scottsdale-based Matrixx Initiatives on potential dangers linked to its popular Zicam gels and swabs cold remedies ... The case is Siracusano v. Matrixx Initiatives 06-15677. (AZCentral -- Business)
Obama Regulators Step Up Enforcement Oct 14, 2009
Matrixx Initiatives, which makes Zicam, lost about $33 million as a result of the FDA's crackdown, executives told analysts. At the Consumer Product Safety Commission, which regulates items as varied as aquariums and wheelbarrows, the new chairman, Inez Moore Tenenbaum, said her top priority is to implement a complex new law that includes the strongest consumer protections in a generation. (CBS News -- US)
Harwood Feffer LLP Files Actions On Behalf of Individuals Who Lost Sense of Smell After Using Zicam(R) Cold Remedy Products -- MTXX Sep 26, 2009
Zicam(R) is an over-the-counter cold and flu remedy manufactured by Matrixx Initiatives (Nasdaq: - ) ("Matrixx") ... The agency also sent a letter to manufacturer Matrixx Initiatives, Inc. that acknowledged more than 800 reports submitted to the company regarding the loss of sense of smell with Zicam(R) Cold Remedy products and requested a response and corrective actions within 15 days. (Primezone Releases)
Saxena White P.A. Reminds All Matrixx Initiatives, Inc. Investors of September 15, 2009 Lead Plaintiff Deadline -- MTXX Sep 5, 2009
Sept. 4, 2009 (GLOBE NEWSWIRE) -- Saxena White P.A. reminds all purchasers of Matrixx Initiatives, Inc. ("Matrixx" or the Company) (Nasdaq: - ) securities between December 22, 2007 and June 15, 2009, inclusive, that September 15, 2009 is the lead plaintiff deadline in the class action currently pending in the United States District Court for the District of Arizona. Related Quotes. (Primezone Releases)
Matrixx Initiatives to Webcast 2009 Annual Stockholder Meeting Wednesday, August 26, 2009 Aug 25, 2009
Aug. 24 /PRNewswire-FirstCall/ -- Matrixx Initiatives, Inc. (Nasdaq: ), an over-the-counter healthcare company will host its 2009 Annual Meeting of Stockholders at 10:00 a.m. PDT on Wednesday, August 26, 2009 at the Westin Kierland in Scottsdale, Arizona. The purpose of the meeting is to elect three directors to the Company's Board of Directors to serve for a two-year or three-year term, or until their successors are elected; to approve an amendment to the Matrixx Initiatives, Inc. 2001... (PR Newswire)
Matrixx Initiatives, Inc. Sets Time for Discussion of First Quarter Fiscal 2010 Financial Results Aug 7, 2009
Aug. 6 /PRNewswire-FirstCall/ -- Matrixx Initiatives, Inc. (Nasdaq: ), an over-the-counter healthcare company, announced today that financial results for the fiscal 2010 first quarter, ended June 30, 2009, will be released after the market closes on Monday, August 10, 2009 ... About Matrixx Initiatives, Inc. ... Matrixx Initiatives, Inc. is engaged in the development and marketing of over-the-counter healthcare products that utilize innovative drug delivery systems. (PR Newswire)
Matrixx Initiatives Target of Stock Investigation by Hagens Berman Jul 25, 2009
SEATTLE, July 24, 2009 (GLOBE NEWSWIRE) -- Hagens Berman Sobol Shapiro, a class-action law firm specializing in securities litigation, is actively investigating possible securities law violations by Matrixx Initiatives, Inc. (Nasdaq: - ) on behalf of investors. Matrixx markets Zicam products, popular over-the-counter cold remedies, and HBSS is investigating the company's reported failure to provide the Food and Drug Administration (FDA) with more than 800 reports relating to the loss of smell... (Primezone Releases)
Faruqi & Faruqi, LLP Announces Filing of Class Action Lawsuit Against Matrixx Initiatives, Inc. -- MTXX Jul 21, 2009
Faruqi & Faruqi, LLP Announces Filing of Class Action Lawsuit Against Matrixx Initiatives, Inc. -- MTXX - Yahoo ... Faruqi & Faruqi, LLP Announces Filing of Class Action Lawsuit Against Matrixx Initiatives, Inc. -- MTXX ... NEW YORK, July 20, 2009 (GLOBE NEWSWIRE) -- Notice is hereby given that a class action lawsuit was commenced in the United States District Court for the District of Arizona on behalf of all purchasers of the common stock of Matrixx Initiatives, Inc. ("Matrixx" or the... (Primezone Releases)
Kendall Law Group Begins Investigation of Matrixx Initiatives, Inc. Jul 9, 2009
DALLAS, July 8, 2009 (GLOBE NEWSWIRE) -- Reports of potential securities law violations by Matrixx Initiatives, Inc. (Nasdaq: - ) has caused an investigation by a former federal judge and U.S. Attorney at Kendall Law Group. Matrixx stock plummeted from $19 to $7 per share when the FDA announced that the agency "is aware that Matrixx appears to have more than 800 reports related to loss of sense of smell associated with Zicam Cold Remedy intranasal products." Matrixx manufactures Zicam, an... (Primezone Releases)
Hagens Berman Investigating Insider Selling and Possible Securities Law Violations At Matrixx On Behalf of Investors Jul 8, 2009
PHOENIX, July 7, 2009 (GLOBE NEWSWIRE) -- Hagens Berman Sobol Shapiro is investigating reports of possible securities law violations by Matrixx Initiatives, Inc. (Nasdaq: - ), the makers of Zicam products, over the drug maker's reported failure to provide the Food and Drug Administration (FDA) with more than 800 reports relating to the loss of sense of smell associated with the Zicam Cold Remedy intranasal products. According to the FDA, as of Dec. 2007, Matrixx was required to provide reports... (Primezone Releases)
Matrixx Slides After Disclosing Zicam Lawsuits Jul 7, 2009
Matrixx Initiatives falls after disclosing lawsuits related to withdrawn cold remedy Zicam ... Shares of Matrixx Initiatives Inc. fell Monday after the company disclosed several class action lawsuits related to its withdrawn cold treatment Zicam. (ABC News -- Wire)
Federman & Sherwood Announces Investigation of Matrixx Initiatives, Inc. for Possible Securities Laws Violations Jun 30, 2009
Federman & Sherwood Announces Investigation of Matrixx Initiatives, Inc. for Possible Securities Laws Violations - Yahoo ... Federman & Sherwood Announces Investigation of Matrixx Initiatives, Inc. for Possible Securities Laws Violations ... OKLAHOMA CITY, June 29, 2009 (GLOBE NEWSWIRE) -- Federman & Sherwood, an Oklahoma-based law firm specializing in securities and consumer litigation, has launched an investigation into possible securities fraud by Matrixx Initiatives, Inc. (Nasdaq: - ). (Primezone Releases)
Recalls: City Baking brand Apple Crumb Cakes Jun 27, 2009
Matrixx Initiatives Confirms Voluntary Recall of Zicam Cold Remedy Nasal Gel, Zicam Cold Remedy Gel Swabs. Matrixx Initiatives, Inc. (Nasdaq: MTTX) has announced that it is in the process of formally notifying retailers, wholesalers and distributors nationwide of its recall of all Zicam Cold Remedy Nasal Gel and Zicam Cold Remedy Gel Swabs ... Matrixx Initiatives vigorously disagrees with the FDA's allegations that these products are not safe and that they were unlawfully marketed. (Fresno Bee -- Nation)
Banned Smell-Loss Drug, Zicam, Escaped FDA Review, Violates Homeopath Rule Jun 27, 2009
The recent Zicam action is based on the safety signals indicating that the products may cause a particular adverse event, and the homeopathic claim by Matrixx Initiatives only serves to explain how these products reached the marketplace without pre-market review by FDA.. Homeopathy was founded in the late 1700s by German chemist , based on the principle that a disease can be treated using small, diluted doses of a substance that trigger symptoms similar to the disease in healthy people. (Bloomberg)
The FDA: Is the Safety Watchdog Getting Tougher? Jun 24, 2009
Zicam's maker, Matrixx Initiatives, paid $12 million in 2006 to settle hundreds of lawsuits brought by Zicam users who claimed to have lost their olfactory sense. The FDA finally reacted on June 16, issuing a warning to consumers to stop using Zicam nasal gel and swabs. (Time.com)
Matrixx Sniffed By Sec Jun 24, 2009
Less than a week after the Food and Drug Administration warned consumers that the nasal spray might cause some users to lose their sense of smell, the company that makes the product, Matrixx Initiatives, said the Securities and Exchange Commission has launched an "informal inquiry" into the matter. The SEC's probe comes amid growing questions from investors and consumers about what Matrixx executives knew about alleged problems with Zicam ahead of the FDA's warnings. (New York Post -- Business)
Past coverage of Zicam Jun 23, 2009
been reviewed by the FDA." Zicam's maker, Matrixx Initiatives, of Scottsdale, Ariz., contends Zicam is safe. It blames the ... - (06.17.2009) ... Zicam not alone in side effect reports By JEFF DONN AP National Writer CAMBRIDGE, Mass. The unsettling little secret of Zicam ... sense of smell. One little word on Zicam's label explains all this: "homeopathic. " Zicam and hundreds of other homeopathic ... told Zicam maker Matrixx Initiatives to stop marketing three products that carry zinc... (The Palm Beach Post)
Matrixx faces Zicam lawsuit Jun 23, 2009
Among those suing Scottsdale-based Matrixx Initiatives Inc. include one dozen Phoenix-area residents as well as the chef of an upscale Las Vegas-area restaurant who no longer can smell or taste food. Matrixx officials said Monday they had not seen the lawsuit filed in Maricopa County Superior Court, but a spokesman said the company believes that its nasal products are safe and do not cause loss of smell. (AZCentral -- Business)
FDA says Zicam nasal spray can cause loss of smell Jun 23, 2009
The FDA says about 130 consumers have reported a loss of smell after using Matrixx Initiatives' Zicam products since 1999 ... Shares of Matrixx Initiatives Inc. plummeted 13. (North County Times)
Sunrise man sues Zicam,claims loss of smell Jun 23, 2009
Matrixx Initiatives Inc., headquartered in Scottsdale, Ariz. makes 19 Zicam products. (The Palm Beach Post)
Certain Zinc-based Cold Remedies Linked To Loss Of Sense Of Smell, FDA Says Jun 21, 2009
The FDA has issued Matrixx Initiatives, maker of these Zicam products, a warning letter telling it that these products cannot be marketed without FDA approval. Companies have an obligation to the public to demonstrate to the FDA that their products are safe, particularly when there is evidence they may be causing serious adverse events, and they are marketed for minor, self-limiting conditions like the common cold, said Deborah M. Autor, director of CDER s Office of Compliance. (Science Daily)
Zicam not alone in side effects report (39) Jun 21, 2009
The agency on Tuesday told Zicam maker Matrixx Initiatives to stop marketing three products that carry zinc gluconate: Zicam Cold Remedy Nasal Gel, Nasal Swabs and discontinued Swabs in Kids Size ... Zicam seller Matrixx Initiatives, of Scottsdale, Ariz. (Corvallis Gazette Times, OR)
Law Offices of Eric J. O'Bell, LLC Announce Initiation of Investigation Into Matrixx Initiatives, Inc., for Possible Securities Law Violations. Jun 19, 2009
Law Offices of Eric J. O'Bell, LLC Announce Initiation of Investigation Into Matrixx Initiatives, Inc., for Possible Securities Law Violations ... Law Offices of Eric J. O'Bell, LLC Announce Initiation of Investigation Into Matrixx Initiatives, Inc., for Possible Securities Law Violations ... June 18, 2009 (GLOBE NEWSWIRE) -- The Law Offices of Eric J. O'Bell, LLC ("O'Bell") announce its investigation into Matrixx Initiatives, Inc., ("Matrixx" or the "Company") (Nasdaq: - ) to determine whether... (Primezone Releases)
FDA warning on Zicam products stuns Valley company Matrixx Jun 19, 2009
Matrixx Initiatives Inc. executives said they want to meet with the FDA to dispute the federal agency's warning issued this week that the Zicam gel and swabs can permanently damage the sense of smell. "We are hopeful that if we can tell our story to the FDA, we can get them to change their mind," William Hemelt, acting president and chief operating officer of Matrixx, said during a Thursday morning conference call with analysts. (AZCentral -- Business)
Zicams not alone in side effects Jun 18, 2009
Zinc gluconate at issue in ZicamThe agency on Tuesday told Zicam maker Matrixx Initiatives to stop marketing three products that carry zinc gluconate: Zicam Cold Remedy Nasal Gel, Nasal Swabs and discontinued Swabs in Kids' Size ... Zicam seller Matrixx Initiatives, of Scottsdale, Ariz. (MSNBC -- Health)
* FDA warns against cold remedy Zicam Jun 18, 2009
The reports date to 1999, when Matrixx Initiatives of Scottsdale, Arizona, first introduced the products. In 2006, Matrixx paid US$12 million to settle 340 lawsuits from Zicam users who claimed that the product destroyed their sense of smell, a condition known as anosmia. (Taipei Times, Taiwan -- Business)
FDA: Zicam Products May Damage Sense of Smell Jun 18, 2009
Brandon said, "It's better to have a cold than to lose your sense of smell and taste for the rest of your life." Matrixx Initiatives, the company that makes Zicam, said it will "suspend shipments of these products and will reimburse ... consumers" though it believes the FDA's action is unwarranted. Three years ago the company paid out $12 million to settle several claims from hundreds of people who said the products had damaged their sense of smell, but Matrixx admitted no wrong doing. (ABC 7 News, DC)
Drug stores pulling Zicam, offering refunds Jun 18, 2009
About 130 people since 1999 have reported a loss of smell, in some cases a permanent loss, after using Matrixx Initiatives Zicam Cold Remedy Swabs and Zicam Cold Remedy Gel, according to the Food and Drug Administration ... Matrixx Initiatives advised consumers on its Web site to discard any unused Nicam nasal product. (Atlanta Journal-Constitution -- Health)
Man who lost sense of smell assumed Zicam was safe Jun 18, 2009
Zicam's maker, Matrixx Initiatives, of Scottsdale, Ariz. contends Zicam is safe. (MSNBC -- Health)
FDA: Zicam nasal sprays harm smell and taste Jun 17, 2009
The over-the-counter products, made and marketed by Scottsdale-based Matrixx Initiatives Inc., contain zinc, an ingredient that can damage olfactory nerves, agency officials said. The warning comes after the FDA received more than 130 consumer complaints about some of Matrixx's most popular products, including Zicam Cold Remedy Nasal Swabs and a no-drip nasal spray called Zicam Cold Remedy Nasal Gel. (AZCentral -- News)
Zicam Spray May Hurt Sense of Smell Jun 17, 2009
-based drug maker Matrixx Initiatives Inc. to stop marketing the products and seek FDA approval if it wants to keep them on the market ... "Matrixx Initiatives stands behind the science of its products and its belief that there is no causal link between its intranasal gel products and anosmia. For this reason, Matrixx Initiatives believes that the FDA action is unwarranted and will seek a meeting with the FDA to review the company's product safety data.". (ABC News)
Some Cold Remedies Could Cause Permanent Loss of Smell Jun 17, 2009
These products, marketed by Matrixx Initiatives, are zinc-containing, nasal cold remedies used to reduce the duration and severity of cold symptoms. However, these products have not been shown to be effective in the reduction of the duration and severity of cold symptoms. (W-USA News, DC)
