China Drug Probe Leads to Tougher Market, Ipsen CEO Says
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Ipsen SA Chief Executive Officer Marc de Garidel said it’s becoming more complicated to do business in China as doctors change habits amid a widening local probe of the pharmaceutical industry.
Drugmakers under investigation have stopped promoting products in China, and physicians in some hospitals no longer want to meet sales representatives, de Garidel said during a conference call with reporters today after the French company published first-half earnings.