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...next two years, VeriChip and Alzheimer's Community Care plans to inject 110 patients with dementia or Alzheimer's with the chip as well. But VeriChip came under fire in September - shortly after the first 90 or so Alzheimer's patients received its chips in Florida - after an AP report unearthed studies suggesting the chips may cause cancer in laboratory animals. Within two weeks of the AP report, VeriChip's stock plummeted from just under $6 a share to a low of $3.50, a company spokesman says...
...AP cited three studies published between 1996 and 2006 that "found that lab mice and rats injected with microchips sometimes developed subcutaneous sarcomas - malignant tumors, most of them encasing the implants...
...exclusive interview with TIME, Silverman provided a list of 34 studies the company included in its FDA application, including one of the three mentioned in the AP article, which showed that less than 1% of 4,279 chipped mice developed tumors "clearly due to the implanted microchips" but were otherwise healthy, and that "no clinical symptoms except the nodule on their backs were shown." The second study, conducted in France in 2006, two years after VeriChip's FDA application was approved, found that while 4% of the 1,260 mice in the study developed tumors, none of them were malignant...
...maker of the chip was. The dog's tumor was removed in 2004, and a later examination found no recurrence. It seems that no one notified the FDA about Leon, but his case doesn't appear to worry the agency, as evident from a statement it issued when the AP brought Leon's story to light in September. "At this time, we continue to believe that the VeriChip is safe for humans," the FDA said. "In all the safety data the FDA has reviewed for this device, including extensive animal data, we have seen no evidence suggesting toxic or carcinogenic...
Sources: Fox News; Calgary Herald; AP; MSNBC; Los Angeles Times; Bloomberg