Sharps Technology Positioned to Address Supply Chain Disruptions Resulting from Recent FDA Recalls, Warnings, and Tariffs on Chinese Manufactured Syringes
Sharps Technology(STSS) Newsfilter·2024-05-29 01:00
Sharps CEO issues letter to shareholders on FDA actions and tariffs affecting Chinese syringes. The FDA began raising quality concerns over Chinese-manufactured syringes in November 2023, resulting in multiple recalls and warnings for these products during the first quarter of 2024, and has advised that healthcare facilities should use plastic syringes produced elsewhere. The tariff rate on Chinese-made syringes and needles was raised from 0% to 50% by the Biden Administration in May 2024. NEW YORK, May 28, ...