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Fourth Chinese executive fined for cartel agreement in Tianjin API probe

By MLex Staff ( June 12, 2025, 07:12 GMT | Insight) -- The fourth penalty on a corporate executive has been issued as a result of the Tianjin antitrust investigation into cartel practices among manufacturers of a key raw material for drug production. Wu Wenge, the former chairman of Lianhuan Pharmaceutical, was fined 600,000 yuan ($83,500) the same penalty imposed on executives from three other companies involved in the active pharmaceutical ingredient probe for dexamethasone sodium phosphate. The fourth penalty on a corporate executive has been imposed as a result of the Tianjin antitrust investigation into cartel practices among manufacturers of a key raw material for drug production. ...

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