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
BBB Business Profiles may not be reproduced for sales or promotional purposes.
BBB Business Profiles are provided solely to assist you in exercising your own best judgment. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles.
When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints.
BBB Business Profiles generally cover a three-year reporting period. BBB Business Profiles are subject to change at any time. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile.
As a matter of policy, BBB does not endorse any product, service or business. Businesses are under no obligation to seek BBB accreditation, and some businesses are not accredited because they have not sought BBB accreditation.