By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Queed - Global News NetworkQueed - Global News NetworkQueed - Global News Network
  • Home Fashion
  • Contact
  • My Bookmarks
  • News
  • Business
  • Politics
  • Sports
  • Economics
  • Wellness
Reading: AstraZeneca Faces Intensifying Scrutiny in China Amid Detention of Top Executive
Share
Notification Show More
Font ResizerAa
Queed - Global News NetworkQueed - Global News Network
Font ResizerAa
  • Economics
  • Politics
  • Pursuits
  • Business
  • Science
  • Technology
  • Fashion
  • Home
  • Categories
  • Bookmarks
  • Business
  • Politics
  • Sports
  • Economics
Have an existing account? Sign In
Follow US
  • Advertise
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Queed - Global News Network > Business > AstraZeneca Faces Intensifying Scrutiny in China Amid Detention of Top Executive
BusinessWellness

AstraZeneca Faces Intensifying Scrutiny in China Amid Detention of Top Executive

Queed Reporter
Last updated: November 7, 2024 8:11 am
Queed Reporter 8 months ago
Share
SHARE

BEIJING — The ongoing investigation into AstraZeneca’s activities in China has taken a new turn with the detention of Leon Wang, the company’s China president. This follows a month of scrutiny surrounding the pharmaceutical giant’s alleged mishandling of patient data and importation of unapproved drugs.

AstraZeneca, a UK-headquartered pharmaceutical leader known for its COVID-19 vaccine, confirmed Wang’s detention on Thursday, with representatives stating that the company “will fully cooperate with Chinese authorities if requested.” AstraZeneca reassured that its operations in China continue, stressing its commitment to delivering critical treatments to patients.

The Chinese market has been vital for AstraZeneca, but the firm has increasingly faced regulatory challenges there. In September, Bloomberg reported that five current and former employees were under investigation, with probes concentrated in Shenzhen. Allegations center on AstraZeneca’s handling of patient data, potentially violating China’s stringent data privacy laws, as well as the unauthorized import of a liver cancer treatment not yet cleared for distribution in the mainland.

Industry experts note that foreign companies in China, particularly in tech and healthcare, have faced rising legal and regulatory barriers. Transparency concerns over data regulations and apprehension around employee detentions reflect broader challenges for international firms operating in the region. With a global workforce of 90,000, AstraZeneca’s experience may serve as a critical case study for other companies navigating China’s regulatory landscape.

You Might Also Like

Sunrise Hustle, Sunset Reward: Ocho Rios Entrepreneur Scores $50K Smirnoff Spree

Citrus Comes Alive: Grace Zesti’s Downtown Revival Party Electrifies Kingston’s After-Hours Scene

Tesla Powers Up China: Shanghai Lands Gigantic Grid-Storage Deal

One Million Members, One Missing Clause: The High-Stakes Standoff Between Jamaica’s Credit Unions and the BOJ

BCIC Fast-Tracks Integration After Securing JNGI Acquisition

TAGGED:AstraZeneca
Share This Article
Facebook Twitter Email Print
Previous Article Legal Closure: Barita Investments and Cornerstone Group See Dispute with Lewin Committee Resolved
Next Article Harvard’s Bharat Anand to Explore Digital Transformation and AI in Special Lecture at UWI Mona
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

about us

We influence 20 million users and is the number one business and technology news network on the planet.

© Foxiz News Network. Ruby Design Company. All Rights Reserved.
Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Lost your password?