tiprankstipranks
The Fly

AstraZeneca overhauling management at China division, FT reports

AstraZeneca overhauling management at China division, FT reports

AstraZeneca (AZN) has overhauled its local management in China in a bid to move on from recent scandals and revive sales after the arrest of its president in the country, The Financial Times’ Eleanor Olcott and Hannah Kuchler reported on Friday. The company appointed new executives to lead its Chinese oncology business, which has come under intense scrutiny over two incidents including alleged illegal sales practices for cancer drugs. Alex Lin is replacing Michael Lai as country general manager and has promoted Mary Guan, who was previously at its Chinese general medicines unit, to lead oncology in China, according to people with direct knowledge of the matter.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Questions or Comments about the article? Write to editor@tipranks.com