Why Did Sun Pharma’s Taro Recall Over 17,000 Units of Antifungal Shampoo in the US?
Synopsis
Key Takeaways
New Delhi, Dec 25 (NationPress) – The US division of Sun Pharma, Taro Pharmaceutical Industries, has initiated a recall of over 17,000 units of its antifungal shampoo due to manufacturing complications, as reported by the US Food and Drug Administration (USFDA).
The Ciclopirox Shampoo is an antifungal treatment designed for seborrheic dermatitis, which leads to dry, flaky, and itchy skin. The recall is due to “failed impurity/degradation specifications,” according to the latest Enforcement Report from the USFDA.
This nationwide recall, classified as Class II, involves 17,664 units of Ciclopirox Shampoo and was initiated by the company on December 9.
The USFDA categorizes a Class II recall as a product that may result in temporary or medically reversible health effects, with minimal risk of severe adverse outcomes.
Taro, a private entity fully owned by Sun Pharma, was acquired by the company last year for $347.73 million. Sun Pharma has held a majority stake in Taro since 2010.
With a primary focus on dermatological products, Taro manufactures a diverse array of prescription and over-the-counter medications.
Indian pharmaceutical companies play a crucial role in supplying medications to US citizens, accounting for 40% of all prescriptions filled in the US in 2022.
Sun Pharmaceutical Industries is recognized as India’s leading formulation manufacturer by market share and maintains a strong export presence in the US, generating Rs 14,478 crore in revenue during the second quarter of FY26.
Despite a modest year-on-year net profit increase of 2.56% to Rs 3,118 crore, Taro's formulation sales in the US fell by 4.1% to $496 million. The decline in the generics segment was mitigated by growth in innovative medications, according to the company's report.