Sinphar Pharmaceutical Co Ltd (杏輝) yesterday apologized to the public for quality problems in 23 kinds of drugs, saying that it plans to recall all of them within the next two months.
The recall is expected to result in revenue losses of NT$28 million (US$966,684), accounting for 2.32 percent of its revenue in the first half of this year, Sinphar said in a filing with the Taiwan Stock Exchange.
The company said that it expected to be fined NT$30,000 to NT$2 million.
Photo: Chen Yung-chi, Taipei Times
Sinphar last week examined all of its 288 drug lines after the Food and Drug Administration (FDA) found in a regular examination in July that six of its drugs had quality issues.
In stability tests, which show how the quality of a drug varies over time under the influence of environmental factors, the six were found to have less than 90 percent of their labeled potency, which meant they failed the tests, the administration’s data showed.
The agency demanded that Sinphar stop selling the six and recall them, to safeguard the interests of consumers.
“As the event has harmed our reputation, we decided to run a comprehensive inspection on all of our products to find out whether other products had the same quality issues,” Sinphar spokesperson Amy Lou (樓怡美) said.
The company found that another 17 drugs had less than 90 percent of their labeled potency and would recall them, Lou said.
The reduction of the drugs’ potency could be attributed to the manner in which they are packaged, as the firm packaged some of its ointments in plastic bottles instead of aluminum tubes, making it easier for the chemicals to evaporate, she said.
Meanwhile, some drugs’ potency weakens due to improper storage methods, the firm said.
For example, it recommends that its ointment for hemorrhoids be stored at room temperature, which can accelerate the chemical reaction between different ingredients, the company said, adding that it is considering changing the ointment’s label and asking users to store the product in the refrigerator.
UNPRECEDENTED PACE: Micron Technology has announced plans to expand manufacturing capabilities with the acquisition of a new chip plant in Miaoli Micron Technology Inc unveiled a newly acquired chip plant in Miaoli County yesterday, as the company expands capacity to meet growing demand for advanced DRAM chips, including high-bandwidth memory chips amid the artificial intelligence boom. The plant in Miaoli County’s Tongluo Township (銅鑼), which Micron acquired from Powerchip Semiconductor Manufacturing Corp (力積電) for US$1.8 billion, is expected to make a sizeable capacity contribution to the company from fiscal 2028, the company said in a statement. It would be an extended production site of Micron’s large-scale manufacturing hub in Taichung, the company said. As the global semiconductor industry is racing to reach US$1 trillion
ABOVE LEGAL REQUIREMENT: The Ministry of Economic Affairs is prepared if LNG supply is disrupted, with more than the legal requirement of 11 days of inventory Taiwan has largely secured liquefied natural gas (LNG) supplies through May and arranged about half of June’s supply, Minister of Economic Affairs Kung Ming-hsin (龔明鑫) said yesterday. Since the Middle East conflict began on Feb. 28, Taiwan’s LNG inventories have remained more than 12 days, exceeding the legal requirement of 11 days, indicating no major supply concerns for domestic gas and electricity, Kung said at a meeting of the legislature’s Economics Committee in Taipei. The ministry aims to increase the figure to 14 days by the end of next year, he said. While one or two LNG or crude oil shipments for May
Taiwan’s food delivery market could undergo a major shift if Singapore-based Grab Holdings Ltd completes its planned acquisition of Delivery Hero SE’s Foodpanda business in Taiwan, industry experts said. Grab on Monday last week announced it would acquire Foodpanda’s Taiwan operations for US$600 million. The deal is expected to be finalized in the second half of this year, with Grab aiming to complete user migration to its platform by the first half of next year. A duopoly between Uber Eats and Foodpanda dominates Taiwan’s delivery market, a structure that has remained intact since the Fair Trade Commission (FTC) blocked Uber Technologies Inc’s
Memory chip stocks extended their losses yesterday after Alphabet Inc’s Google publicized research that could allow more efficient use of the storage needed for artificial intelligence (AI) development. SK Hynix Inc and Samsung Electronics Co, South Korean leaders in the market, fell more than 6 percent and about 5 percent respectively in Seoul. In the US, Micron Technology Inc, Western Digital Corp and Sandisk Corp slid more than 2 percent in pre-market trading, after they all closed lower on Wednesday. Memory companies have been on a tear in recent months as the rapid development of AI infrastructure triggered a spike in chip