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SHANGHAI: Chinese Cabinet Promises Strong Sanctions and Fines for Companies and Individuals Involved in a Vaccine Safety Scandal That Raised Publicized Anger a statement released Monday. China has already ordered the arrest of 18 people at Changsheng Bio-Technology Co Ltd., the vaccine maker at the heart of the scandal, including its president Gao Junfang.
The firm was falsified and sold inefficient vaccines. He also produced production and inspection records for a rabies vaccine used for infants. Changsheng is publicly excused for the incidents.
A State Council meeting chaired by Prime Minister Li Keqiang said Monday that businesses and individuals should be severely punished and banned from the pharmaceutical industry for life.
determine the criminal responsibility of other serious offenders involved in the Changsheng case.
He also called for a thorough investigation of all potential regulatory failures involved in the case, including the possible breach of the officials, and said that a long-term mechanism should Changsheng had systematically falsified production and analysis registers to avoid regulatory oversight, and had also sold 252,600 doses of ineffective DTP vaccines to vaccinate children against diphtheria, whooping cough and whooping cough. Tetanus
In a report Tuesday, Fitch Ratings said the scandal highlighted the risks faced by Chinese pharmaceutical companies, which focus mainly on the bulk production of a small number of products, making them vulnerable to security incidents.
"Concentration on Poor Quality Generic Drugs, High Product Concentration and Increased Regulatory Risks to Constrain Business Profiles of Most Chinese Drug Manufacturers to Non-Investment Levels," he says (Report by David Stanway, edited by Paul Tait and Muralikumar Anantharaman)
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