It is not uncommon for companies to have to retrieve products from the market because of packaging problems. A recently acquired Florida maker of generic drugs is now recalling more than 8,900 cases of oxycodone for just such a problem.
According to the most recent FDA Enforcement Report, VistaPharm of Largo, FL, is recalling 8,901 cases of oxycodone hydrochloride oral solution that is shrink-wrapped in 10 unit dose cups after it discovered that excess lidding material had accumulated between the seal and the cup, resulting in leakage.
The voluntary nationwide recall was started last month and this week given a Class II designation by the FDA.
VistaPharm was acquired late last year by Vertice Pharma for an undisclosed amount. Vertice Pharma announced the deal in November, along with its formation by industry veterans Don DeGolyer and Andrew Saik. The two have a $300 million line of credit from private equity group Warburg Pincus with which they intend to buy both branded and generic products.
DeGolyer most recently served as chief operating officer at Endo Pharmaceuticals. Before that, he was CEO of North America for Sandoz, Novartis' generic pharmaceuticals unit. Saik was most recently chief financial officer at Auxilium Pharmaceuticals, which was acquired last year by Endo.
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