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, causing a sharp decline in its American Depositary Shares.
December 16, 2024 | 9:45 pm
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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, involves serious allegations that could impact the company's operations and reputation. The immediate market reaction is a sharp decline in share price, reflecting investor concerns.
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