Monday, July 23, 2018

BUSINESS_ China’s Latest Consumer Scandal: Unsafe Vaccines

THE WALL STREET JOURNAL

BUSINESS -  ASIA - ASIAN BUSINESS NEWS


China’s Latest Consumer Scandal: Unsafe Vaccines

Local firm allegedly sold more than 250,000 doses that failed to meet safety standards

By Preetika Rana

July 23, 2018 4:27 a.m. ET

HONG KONG—Chinese Premier Li Keqiang called for a government investigation into “the entire process chain of all vaccine production and sales,” after a drug company allegedly sold more than 250,000 doses that failed to meet safety standards.

Shares of major local vaccine makers, including a Merck & Co. partner, tumbled Monday after Mr. Li’s statement was released a day earlier. He didn’t elaborate on what more his government would do to investigate.

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READ MORE: https://www.wsj.com/articles/chinas-latest-consumer-scandal-unsafe-vaccines-1532334449


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