The chairman and president of a major Japanese dietary supplement maker yesterday announced that they were resigning, as the company probes dozens of deaths potentially linked to products meant to lower cholesterol.
Kobayashi Pharmaceutical Co is at the center of a health scare linked to its over-the-counter tablets containing red yeast rice, which is fermented with a mold culture.
The company’s board yesterday released a damning external report that said the firm had failed to prioritize consumer safety and acted with an “insufficient sense of urgency.”
Photo: AFP
Red yeast rice or “beni koji” has been used in food, alcoholic drinks and folk medicine for centuries around East Asia.
Medical studies say it can improve cholesterol levels, but also warn of a risk of organ damage depending on the ingredient’s chemical makeup.
Akihiro Kobayashi and Kazumasa Kobayashi were leaving their posts as president and chairman respectively, Kobayashi Pharmaceutical said in a statement.
Both men belong to the firm’s founding family.
The company’s new president is Satoshi Yamane, previously head of sustainability policy, the company said.
Akihiro Kobayashi would remain in an executive role to manage compensation-related matters, it added.
The scandal erupted in March when the company, a household name in Japan, recalled three brands of dietary supplements after customers complained of kidney problems.
The company later said that it had detected a potentially toxic acid produced by the mold at one of its factories.
Last month, the company said it was probing a total of 80 deaths possibly connected to its pills, and investigating whether organs other than kidneys were harmed.
At the time the government called Kobayashi Pharmaceutical’s delay in reporting the number of cases under investigation “extremely regrettable.”
The report by a team of external lawyers released yesterday also criticized the firm’s handling of the matter.
It said that in mid-January and early February, the company began to receive reports of kidney problems from doctors.
“Kobayashi Pharmaceutical had never before received multiple reports of serious cases from doctors in such a short period of time,” the report said. “Despite this, the company did not immediately consider disclosure to consumers, acting with an insufficient sense of urgency.”
The company should have recalled the products right away and reported the incident, but it only did so after conducting internal probes, the lawyers said.
Hon Hai Precision Industry Co (鴻海精密) yesterday said that its research institute has launched its first advanced artificial intelligence (AI) large language model (LLM) using traditional Chinese, with technology assistance from Nvidia Corp. Hon Hai, also known as Foxconn Technology Group (富士康科技集團), said the LLM, FoxBrain, is expected to improve its data analysis capabilities for smart manufacturing, and electric vehicle and smart city development. An LLM is a type of AI trained on vast amounts of text data and uses deep learning techniques, particularly neural networks, to process and generate language. They are essential for building and improving AI-powered servers. Nvidia provided assistance
GREAT SUCCESS: Republican Senator Todd Young expressed surprise at Trump’s comments and said he expects the administration to keep the program running US lawmakers who helped secure billions of dollars in subsidies for domestic semiconductor manufacturing rejected US President Donald Trump’s call to revoke the 2022 CHIPS and Science Act, signaling that any repeal effort in the US Congress would fall short. US Senate Minority Leader Chuck Schumer, who negotiated the law, on Wednesday said that Trump’s demand would fail, while a top Republican proponent, US Senator Todd Young, expressed surprise at the president’s comments and said he expects the administration to keep the program running. The CHIPS Act is “essential for America leading the world in tech, leading the world in AI [artificial
DOMESTIC SUPPLY: The probe comes as Donald Trump has called for the repeal of the US$52.7 billion CHIPS and Science Act, which the US Congress passed in 2022 The Office of the US Trade Representative is to hold a hearing tomorrow into older Chinese-made “legacy” semiconductors that could heap more US tariffs on chips from China that power everyday goods from cars to washing machines to telecoms equipment. The probe, which began during former US president Joe Biden’s tenure in December last year, aims to protect US and other semiconductor producers from China’s massive state-driven buildup of domestic chip supply. A 50 percent US tariff on Chinese semiconductors began on Jan. 1. Legacy chips use older manufacturing processes introduced more than a decade ago and are often far simpler than
Gasoline and diesel prices this week are to decrease NT$0.5 and NT$1 per liter respectively as international crude prices continued to fall last week, CPC Corp, Taiwan (CPC, 台灣中油) and Formosa Petrochemical Corp (台塑石化) said yesterday. Effective today, gasoline prices at CPC and Formosa stations are to decrease to NT$29.2, NT$30.7 and NT$32.7 per liter for 92, 95 and 98-octane unleaded gasoline respectively, while premium diesel is to cost NT$27.9 per liter at CPC stations and NT$27.7 at Formosa pumps, the companies said in separate statements. Global crude oil prices dropped last week after the eight OPEC+ members said they would