China has just imposed a record $1.3bn penalty on a company responsible for faulty vaccines given to hundreds of thousands of children.
Changchun Changsheng Life Sciences Ltd was fined 9.1 billion yuan ($1.32 billion) on Tuesday for the recent vaccine scandal by the China Food and Drug Administration (CFDA) and Jilin Food and Drug Administration pic.twitter.com/USlb3hesfv
— People's Daily, China (@PDChina) October 16, 2018
According to the Chinese state media, Changchun Changsheng Biotechnology had created defective vaccines by mixing fluids from different, and in some cases expired, batches before falsifying production dates.
The firm had also used expired vaccine materials, changed production batch numbers, and destroyed and fabricated production records.
Not just this, the government has also barred the company’s chairwoman and 14 other executives from working in the vaccine industry. They are still under investigation.