Changsheng Bio-Technology Co., Ltd. (Chinese: 长生生物科技股份有限公司) is a biotechnology company based in ChangchunJilin, China, specializing in vaccines. It was founded in 1992 as a state-owned enterprise but became a family-owned private company in 2003.[1]
It reported 566 million yuan in net profits in 2017.
A sales representative was found, in July 2018, to have paid 164,000 yuan (US$24,200) in bribes to the head of the Changling County disease control centre.[2]
Its DPT vaccines, sold to the Shandong Centre for Disease Control and Prevention, which had been given to 215,184 children were found to be ineffective. It was fined 3.4 million yuan.[3]
In October 2018, a unit of the company, Changchun Changsheng Life Sciences Ltd was fined 9.1 billion Yuan ($1.32 billion) for falsifying data for a rabies vaccine and producing an ineffective vaccine for babies. 14 of its executives were banned from working in the drugs sector. It was separately fined 600,000 yuan by the China Securities and Regulatory Commission and four executives were banned for life four of Changsheng Bio-technology's executives and banned them from the securities market because of violation of information disclosure rules. It proposes to pay compensation of between 200,000 and 650,000 yuan per person to those who have suffered from the vaccine.[4]
Police planned to arrest 18 people, including the chairwoman Gao Junfang, on suspicion of producing and selling substandard drugs.[6]
Referencesedit
^"Unravelling the mystery of China's billionaire 'Vaccine Queen'". South China Morning Post. 2018-08-11. Retrieved 2022-02-01.
^"Changsheng Bio-tech, the vaccine maker behind China's latest public health scare". South China Morning Post. 23 July 2018. Retrieved 28 November 2018.
^"Outrage in China Over Latest Vaccine Safety Scandal". Time. Retrieved 2022-09-23.
^"China's Changsheng Bio-technology hit by heavy penalties in vaccine scandal". Reuters. 16 October 2018. Retrieved 28 November 2018.
^"Chinese President Xi Jinping orders crackdown over 'appalling' vaccine scandal". South China Morning Post. 23 July 2018. Retrieved 29 November 2018.
^"Arrests on the way at Changsheng Bio-tech, the company at the centre of Chinese vaccine scare". South China Morning Post. 30 July 2018. Retrieved 28 November 2018.
December 15, 2023
changsheng, technology, chinese, 长生生物科技股份有限公司, biotechnology, company, based, changchun, jilin, china, specializing, vaccines, founded, 1992, state, owned, enterprise, became, family, owned, private, company, 2003, native, name, chinese, 长生生物科技股份有限公司, typepriv. Changsheng Bio Technology Co Ltd Chinese 长生生物科技股份有限公司 is a biotechnology company based in Changchun Jilin China specializing in vaccines It was founded in 1992 as a state owned enterprise but became a family owned private company in 2003 1 Changsheng Bio TechnologyNative nameChangsheng Bio Technology Co Ltd Chinese 长生生物科技股份有限公司 TypePrivateIndustryHealth CareFounded1992HeadquartersLianyungang ChinaChangsheng Bio TechnologySimplified Chinese长生生物科技股份有限公司Traditional Chinese長生生物科技股份有限公司Literal meaningLong Life Biotechnology Joint Stock CorporationTranscriptionsStandard MandarinHanyu PinyinChangsheng Shengwukeji GǔfenyǒuxiangōngsiIt reported 566 million yuan in net profits in 2017 A sales representative was found in July 2018 to have paid 164 000 yuan US 24 200 in bribes to the head of the Changling County disease control centre 2 Its DPT vaccines sold to the Shandong Centre for Disease Control and Prevention which had been given to 215 184 children were found to be ineffective It was fined 3 4 million yuan 3 In October 2018 a unit of the company Changchun Changsheng Life Sciences Ltd was fined 9 1 billion Yuan 1 32 billion for falsifying data for a rabies vaccine and producing an ineffective vaccine for babies 14 of its executives were banned from working in the drugs sector It was separately fined 600 000 yuan by the China Securities and Regulatory Commission and four executives were banned for life four of Changsheng Bio technology s executives and banned them from the securities market because of violation of information disclosure rules It proposes to pay compensation of between 200 000 and 650 000 yuan per person to those who have suffered from the vaccine 4 It lost nearly half of its share value after the China Food and Drug Administration uncovered its data forgery and was publicly condemned by Chinese Communist Party general secretary Xi Jinping and State Council premier Li Keqiang 5 Police planned to arrest 18 people including the chairwoman Gao Junfang on suspicion of producing and selling substandard drugs 6 References edit Unravelling the mystery of China s billionaire Vaccine Queen South China Morning Post 2018 08 11 Retrieved 2022 02 01 Changsheng Bio tech the vaccine maker behind China s latest public health scare South China Morning Post 23 July 2018 Retrieved 28 November 2018 Outrage in China Over Latest Vaccine Safety Scandal Time Retrieved 2022 09 23 China s Changsheng Bio technology hit by heavy penalties in vaccine scandal Reuters 16 October 2018 Retrieved 28 November 2018 Chinese President Xi Jinping orders crackdown over appalling vaccine scandal South China Morning Post 23 July 2018 Retrieved 29 November 2018 Arrests on the way at Changsheng Bio tech the company at the centre of Chinese vaccine scare South China Morning Post 30 July 2018 Retrieved 28 November 2018 Retrieved from https en wikipedia org w index php title Changsheng Bio Technology amp oldid 1150786921, wikipedia, wiki, book, books, library,
