Why Did Sun Pharma’s Taro Recall Over 17,000 Units of Antifungal Shampoo in the US?
Synopsis
Key Takeaways
- Taro Pharmaceutical recalls over 17,000 units of shampoo.
- Recall due to manufacturing defects as per USFDA.
- Ciclopirox Shampoo treats seborrheic dermatitis.
- Class II recall indicates minimal serious health risks.
- Sun Pharma acquired Taro in a transaction valued at $347.73 million.
New Delhi, Dec 25 (NationPress) - The US division of Sun Pharma, Taro Pharmaceutical Industries, has initiated a recall of over 17,000 units of an antifungal shampoo due to manufacturing defects, according to the U.S. Food and Drug Administration (USFDA).
The Ciclopirox Shampoo, which is used as a treatment for seborrheic dermatitis—a condition characterized by dry, flaky, and itchy skin—is being pulled from the market due to "failed impurity/degradation specifications," as reported in the latest Enforcement Report by the USFDA.
This nationwide recall, categorized as a Class II action, includes 17,664 units of Ciclopirox Shampoo and was officially launched by the company on December 9.
The USFDA defines a Class II recall as a product that may lead to temporary or medically reversible health issues, with a minimal chance of serious adverse health outcomes.
Taro is a private entity fully owned by Sun Pharma. The company, based in Israel, was acquired by Sun Pharma in a transaction valued at approximately $347.73 million last year.
Since 2010, Sun Pharma has held a majority stake in Taro.
Focused primarily on dermatological products, Taro manufactures a variety of prescription and over-the-counter items.
Indian pharmaceutical firms contribute significantly to the U.S. drug supply, with nearly 40% of all prescriptions in the U.S. filled by Indian companies in 2022.
Sun Pharmaceutical Industries stands as India’s largest player in the formulation market by market share and is a leading exporter to the U.S., reporting revenue of Rs 14,478 crore in the second quarter of FY26.
Despite a 2.56% year-on-year increase in net profit to Rs 3,118 crore, Taro reported a 4.1% decline in formulation sales in the U.S., totaling $496 million.
This decline in the generics sector was balanced by growth in innovative medicine offerings, as noted by the company.