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Companies attributing health claims from using dietary supplements of velvet antler have received warning letters from the US Food and Drug Administration (FDA) concerning the sale of encapsulated powders connected to their marketing claims. The claims were in violation of the United States Food, Drug and Cosmetic Act [21 USC/321 (g)(1)] because they "establish the product as a drug intended for use in the cure, mitigation, treatment, or prevention of disease" when velvet antler has no such scientific evaluation. Additionally stated by the FDA, velvet antler was "not generally recognized as safe and effective for the referenced conditions" and therefore must be treated as a "new drug" under Section 21(p) of the Act. New drugs may not be legally marketed in the United States without prior approval of the FDA. As of 2018, it is legal to sell velvet antler powder, extract or spray in the U.S. as a dietary supplement as long as no disease treatment claims are made and the label bears the FDA disclaimer: "This product has not been evaluated by the FDA. It is not intended to diagnose, treat, cure or prevent any disease."
Anti-Aging, Longevity, Combats Senility: No one likes the down-side of aging-the fatigue, senility, confusion, tiredness and a sense that your body is winding down before stopping entirely. A large part of aging is the increase in inflammatory responses our body has to food, exertion and slowed tissue repair. Deer Antler Velvet reduces inflammation, a major cause of senility, pain and the challenges of aging gracefully.
In September, 2013, the headquarters of S.W.A.T.S. was raided and ordered to be shut down by Alabama's attorney general citing "numerous serious and willful violations of Alabama’s deceptive trade practices act". Among the violations were "claims that the company made about a number of products that were unsupported by scientific research. Some of these products were marketed as 'dietary supplements.'"  The assistant Alabama attorney general "says that Deer Antler Spray is dangerous and its sellers are law-breakers." 
Deer antler spray is a supplement. It’s made from the immature tissues surrounding bone and cartilage found inside the tips of live deer antlers. The antlers naturally contain IGF-1. This helps them to grow rapidly. The tissue is taken from the deer antlers before they fully grow and harden. Then it’s flash-frozen to make supplements. (3) Farmed North American elk or wapiti (Cervus canadensis) and the European red deer (Cervus elaphus) are the main sources of antler for commercial use. The animals are not harmed in the process of extracting the substance from their antlers. Deer antler products are found in pill, powder or spray forms.
"Here's my advice to you. Find a product that contains the right kind of high quality grass fed whey protein isolate and is sweetened with the right kind of sweetener. I did want to give a shout out to Antler Farms® who has a nice, high quality New Zealand Whey Protein Isolate. They've gone the extra mile in a lot of different directions. I like to give shout outs to companies that I think deserve it and actually care about our health."*
Data is limited. Two studies (n=40 and 168) investigating the efficacy of elk velvet antler supplementation on rheumatoid arthritis found no effect, while a study conducted in people with osteoarthritis (n=53) reported symptomatic relief among participants. The small sample sizes may result in the trials being underpowered to detect effects.25, 28, 29
The harvesting of deer antler velvet can be a painful process, as the velvet tissue contains an abundance of nerves and bleeds profusely if cut or removed. Dr. Low Dog says she has no problem with harvesting velvet from deer killed for food, but is concerned that shortcuts will be taken should demand for the supplements continue to grow. She notes that the United Kingdom has banned the removal of deer antler velvet under its welfare-of-livestock regulations, unless the antlers have been damaged or most of the velvet has been shed.