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VisitWill AstraZeneca face additional regulatory actions in China by mid-2025?
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Official announcements from Chinese regulatory bodies or AstraZeneca
AstraZeneca's China President and EVP Leon Wang Under Investigation; Shares Drop 3.5%
Oct 30, 2024, 02:00 PM
AstraZeneca announced at 9:00am that its China President and Executive Vice President of International, Leon Wang, is currently under investigation by Chinese authorities and is cooperating with the inquiry. The company's China operations will continue under the leadership of the current general manager. Following the announcement, AstraZeneca's shares dropped by 3.5%.
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No charges filed • 25%
Fines imposed • 25%
Executives prosecuted • 25%
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Restructuring of Chinese operations • 25%
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Leadership changes • 25%
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Patent infringement lawsuit • 25%
Settlement agreement • 25%
Licensing agreement • 25%
No major legal action • 25%
Underperforms sector • 25%
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Other strategic response • 25%
No change in strategy • 25%
Increase investment in China • 25%
Reduce operations in China • 25%