AstraZeneca China president under investigation
By Iain Gilbert
Date: Wednesday 30 Oct 2024
(Sharecast News) - Drugmaker AstraZeneca revealed on Wednesday that Leon Wang, the president of AstraZeneca China, was under investigation by Chinese authorities.
AstraZeneca, which did not disclose whether or not Wang was currently in police custody, said he was "cooperating with an ongoing investigation".
The FTSE 100-listed group added that its China operations continued under the leadership of the current general manager of AstraZeneca China.
"If requested, AstraZeneca will fully cooperate with the investigation," added the group.
As of 1440 GMT, AstraZeneca shares were down 4.47% at 11,018.0p.
Reporting by Iain Gilbert at Sharecast.com
Email this article to a friend
or share it with one of these popular networks:
You are here: news
10 Lower Thames St,
London EC3R 6EN