(Feb 12): AstraZeneca plc’s former China head Leon Wang has been formally charged with medical insurance fraud, unlawful collection of personal information and illegal trade, with the case heading to court. It will not face the more serious charge of insurance fraud. Chinese authorities have been investigating some of Astra’s current and former employees over alleged law breaches around drug imports, data privacy and insurance reimbursement. The company confirmed separately the information in its financial statement, which didn’t include names, referred to Wang. Wang’s arrest in late 2024 threatened to become a major stumbling block to the British drugmaker’s ambitions in China.

Source: The Edge Markets February 11, 2026 16:22 UTC