Shares of Chinese biotech firms WuXi AppTec and WuXi Biologics soared after the US Biosecure Act failed to pass.

Shares of Chinese biotech firms WuXi AppTec and WuXi Biologics surged after the US Biosecure Act, which aimed to restrict their role in global drug development, failed to pass into law this year. The act faced opposition due to concerns over naming specific companies without due process. This reprieve is seen positively by the companies and others in the industry with significant overseas revenue.

3 months ago
5 Articles