Report finds China targeted AstraZeneca in fraud probe over cancer treatment

Report finds China targeted AstraZeneca in fraud probe over cancer treatment

Pharmaceutical giant AstraZeneca, whose China president is under investigation, was previously investigated for medical insurance fraud cases involving cancer medication sales, according to new Chinese media reports. The news comes after the British-Swedish company announced on its official website last week that its China chief Leon Wang was cooperating “with an ongoing investigation”, and its…

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China investigation of drug firm exec deals latest blow to foreign business confidence

China investigation of drug firm exec deals latest blow to foreign business confidence

An investigation of a top China executive from British-Swedish company AstraZeneca – and the lack of transparency surrounding the case – is set to deal another blow to foreign business confidence in the country, according to observers. AstraZeneca, the largest foreign pharmaceutical company in China, said on Wednesday that its China president, Leon Wang, was…

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Inside Super Micro's wake-up call: After riding the AI wave, the $20 billion tech giant is crashing back to earth amid a financial crisis and family drama

Inside Super Micro’s wake-up call: After riding the AI wave, the $20 billion tech giant is crashing back to earth amid a financial crisis and family drama

Silicon Valley tech company Super Micro was supposed to be riding high: After flying under the radar for a quarter of a century, the company had ridden the coattails of the recent generative AI boom. The $20 billion manufacturer builds some of the most important hardware used to power the top artificial intelligence models–that is,…

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Putin Says Expects China's Xi At BRICS Summit In Russia

Pharma Giant AstraZeneca Says China Chief Under Investigation

Text size The head of multinational pharmaceutical giant AstraZeneca’s China arm is under investigation in the country, the firm said. Leon Wang, president of AstraZeneca China, is “cooperating with an ongoing investigation by Chinese authorities”, the company said in a statement Wednesday. “Our China operations continue under the leadership of the current General Manager of…

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AstraZeneca’s China president under ‘ongoing investigation’, company says

AstraZeneca’s China president under ‘ongoing investigation’, company says

AstraZeneca’s China president is under investigation in mainland China, the drug company said on Wednesday. Leon Wang was described as cooperating “with an ongoing investigation”, the pharmaceutical and biotechnology company said in a statement. “Our China operations continue under the leadership of the current general manager of AstraZeneca China,” the British-Swedish company added. The company…

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