AstraZeneca updates on China investigations
UK pharma major AstraZeneca (LSE: AZN), which has invested heavily in China, hosted a sell-side analyst call on Wednesday (November 6) to discuss the recent media reports about ongoing investigations in China.
Just a day earlier AstraZeneca issued a brief press release, stating: “As a matter of policy, we do not comment on speculative media reports including those related to ongoing investigations in China. If requested, we will fully cooperate with the Chinese authorities.”
The statement followed news that AstraZeneca’s top executive in China, Leon Wang, had been detained by Chinese authorities over alleged illegal importation and sale of a cancer drug.
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