AstraZeneca (AZN) Reels from China Investigation and Investor Suit – Hagens Berman
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AstraZeneca (AZN) faces significant challenges as it deals with a regulatory investigation in China and a securities class action lawsuit in the US. These issues have contributed to a 15% decline in its stock price over the past six months.
January 24, 2025 | 3:45 pm
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AstraZeneca is facing a regulatory investigation in China over alleged illegal activities and a securities class action lawsuit in the US, leading to a 15% drop in its stock price over six months.
The investigation in China involves serious allegations that could impact AstraZeneca's operations in a key market. Coupled with a securities class action lawsuit in the US, these issues have already led to a significant decline in the stock price, indicating a negative short-term impact.
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