AstraZeneca (AZN) Shares Fall After Reports of PRC Probe Alleged Fraud and Corruption – Hagens Berman
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AstraZeneca is under investigation in China for alleged fraud, illegal drug importation, and personal information breaches, leading to a sharp decline in its American Depositary Shares.
December 12, 2024 | 3:30 am
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AstraZeneca is being investigated in China for alleged fraud, illegal drug importation, and personal information breaches. This has led to a significant drop in its American Depositary Shares.
The investigation in China, a major market for AstraZeneca, raises serious concerns about the company's business practices and could lead to legal and financial repercussions. The immediate market reaction has been a sharp decline in the company's shares, reflecting investor concerns.
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