AstraZeneca faces potential fines in China for $0.9M in unpaid taxes on cancer drugs, despite record profits.

AstraZeneca may face fines in China for unpaid import taxes totaling $0.9 million on its cancer drugs, Imfinzi and Imjudo. If found liable, the company could be fined up to five times the unpaid amount. Despite this, AstraZeneca reported strong financial performance in 2024, with total revenues rising 18% to $54.1 billion and pre-tax profits up 26% to $8.7 billion, driven by a 24% rise in oncology sales.

6 weeks ago
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