The lawsuit alleges Applied Biosciences Corp. sold and marketed the antibody test kits for $35 each and claimed the tests were 96% accurate. In a press release, the company claimed that with a small blood sample, the tests could identify the early or late stages of someone’s antibody levels in less than 15 minutes.
“We’re asking the court to stop these defendants from continuing to market and sell the at-home test kits,” Lacey said. “We’re also seeking civil penalties and restitution for all consumers who bought the test kits. Under the law, we may seek as much as $2,500 in penalties for each violation.”
Antibody tests are a way to examine blood serum to find out if someone has recently recovered from COVID-19, which can be especially helpful to stopping the spread of the virus if the person did not experience symptoms. Health experts say those tests don’t necessarily tell if someone is infectious or not.
“Our lawsuit accuses the company of making false claims that are misleading, unfair, unlawful and quite frankly, dangerous,” Lacey said. “At all times, but especially during this public emergency, consumers should be able to trust that health care treatments … are providing reliable and accurate results.”
Calls and emails to Applied Biosciences’ headquarters in New York were not immediately returned.
The case against Applied Biosciences is the first lawsuit filed by the Los Angeles Joint Coronavirus Task Force during the pandemic, Lacey said.
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John says
Not looking good for them. Shouldn’t people go to jail for this?
Sarah says
Sorry to hear you lost money in these times because of greed.
More importantly…
Those two people should be held accountable for misleading the public and putting them in danger.
Kudos to the attorney’s for protecting the public’s best interest.
Ben says
My wife and I bought stock in this Applied Biosciences Corp. thinking they were for real. They put on a front like they are a real CBD company on the edge of new IP.
After digging in deeper and watching their CEO and Chairman Scott Stevens and Chris Bridges on youtube, I realized my money was in the hands of some “not so smart” folks. Turns out they are bad people too.
Hopefully there will be a way for us innocent shareholders to get at least some of our monies back from these two scammers.
Ben says
Scott Stevens and Chris Bridges have left the building.
Looks like the SEC kicked them to the curb.