AstraZeneca in talks with authorities as China boss is detained
1 month, 2 weeks ago

AstraZeneca in talks with authorities as China boss is detained

Daily Mail  

AstraZeneca is holding crisis talks with the Chinese authorities after the arrest of its boss in the country. And, in a separate case, about 100 former AstraZeneca staff have been sentenced in relation to a fraud investigation. AstraZeneca is holding crisis talks with the Chinese authorities after the arrest of its boss in the country, Leon Wang. It is understood that Wang's arrest does not relate to an ongoing medical insurance fraud investigation, launched in 2021, which has seen 100 former employees sentenced.

China Chinese Wang Astrazeneca  detained  boss  astrazeneca  china  chinese  week  crisis  wang  arrest  authorities  talks  drug

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Drugmaker AstraZeneca names new China chief to replace detained executive
2 weeks, 5 days ago

Drugmaker AstraZeneca names new China chief to replace detained executive

CNN  

Hong Kong CNN — British drugmaker AstraZeneca has appointed a new China head, replacing a former executive who has been detained by authorities in the country. Iskra Reic, who oversaw the development of the firm’s Covid shot, will succeed Leon Wang, “who is on extended leave from the company while under investigation in China,” it said in a statement on …

AstraZeneca shares crash 8.4% as China probe widens: Beijing steps up fraud investigation
1 month, 2 weeks ago

AstraZeneca shares crash 8.4% as China probe widens: Beijing steps up fraud investigation

Daily Mail  

AstraZeneca shares suffered their worst one-day drop in more than four years following reports executives in its China business are embroiled in a widening fraud probe. The FTSE 100 pharma giant, one of the UK’s largest companies, saw £14.4billion wiped off its value after a Chinese state-controlled media outlet said dozens of managers at the business were implicated in a …

AstraZeneca staff detained in China amid claims of illegal drug imports
3 months, 2 weeks ago

AstraZeneca staff detained in China amid claims of illegal drug imports

The Telegraph  

Five AstraZeneca staff have been detained in China amid claims of potential illegal activity at the British drug giant. Authorities in Shenzhen, China, are investigating how the company collected patient data, according to Bloomberg, as well as investigating the imports of a liver cancer drug yet to be approved in China. A spokesman for AstraZeneca said: “We are aware a …

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