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Business ProfileforQuincy Bioscience
Current Alerts For This Business
The following describes a pending government action that has been formally brought by a government agency but has not yet been resolved. We are providing a summary of the government's allegations, which have not yet been proven.
On January 9, 2017, the FTC (Federal Trade Commission) and the New York Attorney General charged Quincy Bio-Science, LLC,, Quincy Bio- Science Holding Company, Inc., Prevagen Inc., Quincy Bio-Science Manufacturing, LLC ,as well as the companies' CEO Michael Beaman and President Mark Underwood, with making false and unsubstantiated claims.
According to the complaint, The named companies are marketers for the dietary supplement Prevagen and enticed consumers to spend $24 to $68 per bottle of 30 pills by claiming that the active ingredient -a protein derived from jellyfish - improved memory and reduced memory problems associated with aging. According to the complaint, the company has made $165 million in the sale of this product.
The FTC and New York Attorney General allege that the defendants violated the FTC Act and New York state laws and are seeking refunds for the consumers who bought the deceptively marked product.
At-a-glance
Related Categories
Overview
Business Details
This is a multi-location business.
- Location of This Business
- 726 Heartland Trail Suite 300, Madison, WI 53717-1901
- BBB File Opened:
- 2/7/2012
- Years in Business:
- 20
- Business Started:
- 6/7/2004
- Business Started Locally:
- 6/7/2004
- Business Incorporated:
- 3/28/2005
- Type of Entity:
- Limited Liability Company (LLC)
- Alternate Business Name
- Prevagen
- Quincy Bioscience, LLC
- Business Management
- Michael Beaman, Chief Executive Officer
- Mark Underwood, President
- Todd Olson, Marketing Manager
- Contact Information
Principal
- Michael Beaman, Chief Executive Officer
Customer Contact
- Michael Beaman, Chief Executive Officer
- Mark Underwood, President
- Todd Olson, Marketing Manager
- Additional Contact Information
Fax Numbers
- (608) 237-2164Other Fax
Phone Numbers
- (888) 814-0814Other Phone
Website Addresses
- (608) 237-2164
Customer Complaints
2 Customer Complaints
Need to file a complaint? BBB is here to help. We'll guide you through the process. How BBB Processes Complaints and Reviews
File a ComplaintMost Recent Customer Complaint
08/20/2023
- Complaint Type:
- Billing Issues
- Status:
- Resolved
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