Public warned against illegal stem cell therapy associations PDF Print E-mail
Sunday, 24 November 2013 14:25

The Department of Labor and Employment on Friday warned the public on the use of Stem Cell Therapy (SCT) for medical and aesthetic purposes.

DOLE made the warning after a recent report revealed that certain SCT associations in the country have been operating without the requisite endorsement from the Professional Regulatory Commission (PRC) and the Professional Regulatory Board of Medicine (PRBOM).

In a press statement, DOLE Secretary Rosalinda Baldoz said the PRC found out that the Philippine Society for Stem Cell Medicine, Inc. (PSSCM) and the Philippine Stem Cell Society (PSCS) have falsified, if not failed, to submit legal documentary requirements to the Securities Exchange Commission (SEC).

“The PRC and the PRBOM constitute the regulatory body for the practice of medicine in the country. In essence, the competencies of specialists, practice of SCT, and the consequent SEC registration of SCT-related associations fall under their control and authority,” said Baldoz.

“Failure to acquire such approval from these regulatory bodies only means that they did not pass the scrutiny and monitoring procedures of its Institutional Review Boards or Ethics Committees,” she added.

PRC Chair Teresita Manzala also echoed Baldoz’ statement, adding the government is wary on the growing number of unscrupulous physicians misrepresenting themselves as experts in this field.

“We are concerned about reports that many doctors get the term ‘fellow, Philippine Society for Stem Cell Medicine’. Physicians should avoid adopting an ‘innovative procedure’ mainly on the basis of commercial promotions and marketing when the value or benefit of the procedure has not been proven. Objectivity and integrity should always be maintained. This is what professionalism and ethics in the practice of medicine dictate,” Manzala stressed.

For the mean time, Ferdinand Sales, Acting Director of the SEC-Company Registration and Monitoring Department, said “the Commission is conducting an investigation and has instructed the Board of Trustees of the PSSCM to file their answer; otherwise, we shall be constrained to proceed with the revocation of corporate registration on the ground of fraud in procuring its certificate of incorporation.”

Sales said the Commission will also initiate the proper proceedings to the PSCS, which failed to submit a PRC endorsement, adding that “to avoid similar incidents in the future, we shall no longer accept endorsements to be hand carried by registrant corporations. We shall strictly implement the policy that said documents should be mailed officially from your [PRC] end.”

In line with this, the commission urged the public to help expose similar incidents by calling the PRC telephone numbers at (632) 310-0026 or (632) 735-4476. They may also visit the commission’s main office at P. Paredes St. corner Morayta St., Sampaloc, Manila.