Wednesday 13 November 2019 ,
Wednesday 13 November 2019 ,
Latest News
  • Onion price under control, claims Industries Minister
  • HC forms committee to probe ‘negligence’ in controlling dengue
  • Govt to construct embankment along coast: Minister
  • Bulbul affected crops in 103 upazilas of 16 districts: Minister
  • Brahmanbaria train crash: 16 dead, over 100 injured
  • Brahmanbaria Train Crash: Turna Nishita's loco master, 2 others suspended
  • Make railway staff better prepared: PM
  • Nusrat Murder: 12 condemned convicts shifted to Cumilla jail
  • Extend all-out support to B'baria train crash victims: PM
8 November, 2019 08:39:30 PM
Print

Chinese company in vaccine scandal declared bankrupt

Independent Online/ AP
Chinese company in vaccine scandal declared bankrupt
In this July 24, 2018, file photo, bottles of rabies vaccines made by Liaoning Chengda are seen at a Chinese Center for Disease Control and Prevention (CDC) station in Jiujiang in southern China's Jiangxi province. Photo: AP

A Chinese maker of rabies vaccine that was fined 9.1 billion yuan ($1.3 billion) in a quality scandal that set off a crackdown on the industry said Friday it has been declared bankrupt.

Changchun Changsheng Life Sciences Ltd., which lost its production licenses last year, said in a statement that a court issued the ruling after concluding the company was insolvent and couldn't pay its debts.

Revelations that authorities failed to act immediately after finding the company might have falsified production records led to an outcry among a public already upset over deaths and injuries due to fake or shoddy medicines, milk, toys and other products.

Changsheng Life Sciences used expired materials, mixed different batches of products and failed to test them properly, according to regulators. The company destroyed records to conceal its misconduct, they said.

The country's No. 2 leader, Premier Li Keqiang, said the company "violated a moral bottom line."

No injuries were reported but authorities recalled the company's products from China and foreign markets.

Rabies is endemic in parts of China.

BK

Comments

Video

Copyright © All right reserved.

Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Disclaimer & Privacy Policy
....................................................
About Us
....................................................
Contact Us
....................................................
Advertisement
....................................................
Subscription

Powered by : Frog Hosting