Chinese biotech giant WuXi AppTec’s shares jump after Pentagon blacklist reversal
Summary
WuXi AppTec’s shares jumped on Tuesday after the Pentagon removed the company from a list of entities allegedly linked to the Chinese military, marking a win for the biotech service giant and raising hopes among other mainland firms challenging US blacklists. The US deputy secretary of defence decided to delist WuXi AppTec from its list of “Chinese military companies”, according to a notice published on the Federal Register on Tuesday. WuXi AppTec surged more than 6 per cent at the open in Hong...
Description from South China Morning Post.
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Chinese biotech giant WuXi AppTec’s shares jump after Pentagon blacklist reversal
WuXi AppTec’s shares jumped on Tuesday after the Pentagon removed the company from a list of entities allegedly linked to the Chinese military, marking a win for the biotech service giant and raising hopes among other mainland firms challenging US blacklists. The US deputy...
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What is WuXi AppTec? Why Chinese biotech giant was removed from Pentagon's military list
What is WuXi AppTec? Why was the Chinese drugmaker on the Pentagon's military list, and what does its removal mean for investors and global pharma?
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