financetom
Business
financetom
/
Business
/
Market Chatter: AstraZeneca 'Working Very Closely' With Chinese Authorities on Probe, CEO Tells Bloomberg
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Market Chatter: AstraZeneca 'Working Very Closely' With Chinese Authorities on Probe, CEO Tells Bloomberg
Sep 11, 2024 12:39 AM

02:09 PM EDT, 09/10/2024 (MT Newswires) -- AstraZeneca ( AZN ) is "working very closely" with Chinese authorities probing the company's employees for possible violations, Chief Executive Pascal Soriot told Bloomberg, according to a Tuesday report.

Authorities are investigating whether the company's collection of patient data violated data privacy laws, according to the report. They are also probing the involvement of some AstraZeneca ( AZN ) employees in the import of a liver cancer drug not approved for distribution in mainland China, the report said.

There have have been eight or nine arrests of the drugmaker's employees so far and the company is coordinating with Chinese authorities on the matter, Soriot said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 81.11, Change: +0.22, Percent Change: +0.27

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
AbraSilver Up 3% As Closes $30 Million Offering, Will Raise $28.5 Million From Concurrent Private Placement
AbraSilver Up 3% As Closes $30 Million Offering, Will Raise $28.5 Million From Concurrent Private Placement
Feb 7, 2025
10:41 AM EST, 02/07/2025 (MT Newswires) -- AbraSilver Resource ( ABBRF ) was at last look up by more than 3% on Friday after saying it has closed its $30 million offering, and will use the funds to develop the Diablillos project in Argentina. The company issued near 11.8 million common shares at $2.55 each. This total includes the full...
Pinterest's New Ad Products, AI Leading to Stronger User Engagement, Oppenheimer Says
Pinterest's New Ad Products, AI Leading to Stronger User Engagement, Oppenheimer Says
Feb 7, 2025
10:55 AM EST, 02/07/2025 (MT Newswires) -- Pinterest's ( PINS ) new ad products and use of artificial intelligence technology are resulting in stronger user engagement and better return on investment for advertisers, Oppenheimer said in a note to clients emailed Friday. Oppenheimer highlighted the fact that Pinterest's ( PINS ) Q4 revenue rose 18% year on year versus Oppenheimer...
Republican state attorneys scrutinize US asset managers over China funds
Republican state attorneys scrutinize US asset managers over China funds
Feb 7, 2025
(Reuters) -A group of 17 Republican state attorneys general alleged that top U.S. asset managers, including BlackRock and State Street, were making improper or inadequate disclosures about their investments in China. In a letter dated Thursday, the coalition said the companies were downplaying risks associated with China, such as its status as a designated foreign adversary of the U.S. or...
Republican state attorneys scrutinize US asset managers over China funds
Republican state attorneys scrutinize US asset managers over China funds
Feb 7, 2025
Feb 7 (Reuters) - A group of 17 Republican state attorneys general alleged that top U.S. asset managers, including BlackRock ( BLK ) and State Street, were making improper or inadequate disclosures about their investments in China. In a letter dated Thursday, the coalition said the companies were downplaying risks associated with China, such as its status as a designated...
Copyright 2023-2026 - www.financetom.com All Rights Reserved