Sept 5 (Reuters) - Police in China have detained five
current and former employees of AstraZeneca ( AZN ) for
questioning about potential illegal activities, Bloomberg News
reported on Thursday, citing people familiar with the matter.
"We are aware a small number of our employees in China are
under investigation and we have no further information to share
at this point," AstraZeneca ( AZN ) said in a statement.
AstraZeneca ( AZN ) shares were down 2.8% at 1426 GMT, among the
biggest losers on the FTSE 100 index and were on track
for their worst day since early February.
The individuals being held are all Chinese citizens who
marketed cancer drugs in AstraZeneca's ( AZN ) oncology division,
according to Bloomberg.
One of the investigations is related to AstraZeneca's ( AZN )
collection of patient data and whether that infringed China's
data-privacy laws, the report said.
Chinese authorities are also looking into some of the
people's involvement in importing liver cancer drug Imjudo that
had not been approved for distribution in the country, it added,
citing one source.
The investigation is being led by police in Shenzhen, and
the detentions were made earlier in the summer, the report said.
China accounted for nearly 13% of AstraZeneca's ( AZN ) total sales
in 2023.