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Source: Philadelphia Daily News
…Pure Weight Loss, Inc, formerly LA Weight Loss, announced on Wednesday that it would close all of its more than 400 locations nationwide effective Jan. 4.
A statement released by the company on Wednesday said, “Fierce competition from the internet, the introduction of Alli, the over-the-counter weight loss pill, and other commercial diet programs, combined with a difficult economic environment, have forced us to take this action.”
A spokesperson for Pure Weight Loss did not know if the Horsham-based company was filing for bankruptcy…
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The diet pill, Alli, endorsed and sold by Pure Weight Loss, has been the target of criticism since the Food and Drug Administration approved it as an over-the-counter version of the prescription weight loss pill orlistat in February. Alli went on sale in July.
Dr. Sidney Wolfe, director of the Public Citizen’s health research group, has spoken out against the drug, both in its prescription and over the counter forms and has testified to the FDA about its harmful effects.
Wolfe said the drug can cause pre-cancerous lesions of the colon and said, like many diet drugs, after an inital spike, sales probably went down.
Pure Weight Loss is currently involved in a class action lawsuit in Tennesse over false claims about its weight loss program and costs. In 2002, the company agreed to pay the State of New York $100,000 plus $10,000 in legal costs in a settlement over falsely advertising the cost of its program.
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