AZ China President Under Investigation By Chinese Authorities

Cancer Drugs Facing Local Competition

The exact causes leading to Chinese authorities’ investigation of the UK major remain unclear at this point, but its key oncology drugs are facing fierce local competition from homegrown rivals.

AstraZeneca
The ongoing investigation related to AstraZeneca China has origins dated back years ago.

Over the past roughly three years, AstraZeneca PLC’s key oncology drugs, including for lung cancer, have been facing gathering clouds in China.

Not only are Chinese homegrown rivals nibbling at market shares previously dominated by the UK major’s global blockbusters, but Chinese authorities appear to be closely

Key Takeaways
  • On 30 October, AstraZeneca said in a statement that Leon Wang, its China president, is cooperating with an ongoing investigation by Chinese authorities.
  • Over the past three years or so, the UK company's key oncology drugs, including those for lung cancer, have been facing stronger competition from homegrown Chinese rivals

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