AstraZeneca Employees Detained in China Over Data and Drug-Import Scrutiny
By Helena Smolak
Chinese authorities have detained five current and former AstraZeneca employees in Shenzhen for alleged violations of data-privacy laws and importing an unapproved cancer drug.
The arrest comes amid intensified efforts by the Chinese government to suppress drug smuggling in China.
"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," a spokesman for the Anglo-Swedish pharma company told Dow Jones Newswires. Shenzhen police didn't immediately respond to a request for comment.
AstraZeneca employs 16,000 staff in China out of 90,000 staff globally. China represented 13% of the company's revenue last year, making it the pharma major with the greatest sales exposure to the country, according to FactSet data.
Write to Helena Smolak at helena.smolak@wsj.com
(END) Dow Jones Newswires
September 05, 2024 05:32 ET (09:32 GMT)
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