The founder of a startup that charged $8,000 to fill your veins with young blood says he’s shuttering the company and starting a new one

A controversial blood-transfusion startup called Ambrosia was offering to fill a person’s veins with the blood of young people for $8,000, despite little to no hard evidence that the procedure has any health benefits.
The company has now shut down, according to emails sent by the founder and viewed by Business Insider.
It’s been a rocky few months for Ambrosia: In February after an FDA warning, Ambrosia said it had halted operations. Then in June, the founder said it was back up and running.
As Business Insider has previously reported, several researchers have warned against the procedure — including those whose original science inspired it.
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It’s been a rocky few months for a startup hawking young blood.

The company, called Ambrosia, says it shut down after the FDA warned against the procedure, according to emails between the founder and a potential customer that Business Insider viewed on Wednesday.

There’s no scientific evidence that shows that infusions of blood from young people can boost health. Several experts who have spoken with Business Insider about the process in the past have raised red flags.

The company’s founder isn’t giving up on the idea. The startup has been reborn in the form of another company called Ivy Plasma, according to the email from founder Jesse Karmazin, which is dated Tuesday.

Ambrosia had been offering to fill a person’s veins with young blood for $8,000 for a liter. In February, the company said it had stopped providing the procedure after the US Food and Drug Administration warned against such treatments.

Then in June, Karmazin told customers his startup was back up and running in San Francisco and Tampa, Florida, according to emails that Business Insider viewed. The procedure appeared to be legal: Because the FDA has approved blood transfusions for emergencies like car crashes and other life-saving procedures, Ambrosia was able to peddle the services as off-label treatments.

But according to a new email from Karmazin, the company has now been “dissolved.” As a reason, Karmazin cited the FDA’s February email and said the agency was only allowing off-label blood infusions to continue as part of a program known as an investigational new drug application, or IND.

An FDA spokesperson could not confirm or deny to Business Insider whether Ambrosia had been a part of the program. Karmazin didn’t immediately return a message seeking comment.

Karmazin previously told Business Insider that he was charging $8,000 for 1 liter of young blood or $12,000 for 2 liters. He also said the transfusions were safe and reliable, despite little to no hard scientific evidence demonstrating either its safety or its benefits. In the latest email, he said a new company called Ivy Plasma will continue providing the procedures:

“In February, the FDA announced that off-label young plasma treatments should be performed only under IND. As a result, Ambrosia, LLC was dissolved. I am sorry that I wasn’t able to find a way for this company to continue its innovative treatments. On a brighter …read more

Source:: Business Insider – Tech

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