WuXi’s weighs future of therapies unit
The Biosecure Act is forcing WuXi AppTec to assess the future of WuXi Advanced Therapies, its cell and gene therapies unit. WuXi blames the act—which prohibits US pharma and biotechnology companies from working with WuXi and other Chinese firms—for a 17% decline in WuXi Advanced’s revenue through the third quarter of this year. The company says it is assessing its options to ensure the continued operation of this business.
Authors
- Aayushi Pratap
Publication Details
- Journal
- C&EN Global Enterprise
- Published
- 2024-11-11
- DOI
- https://doi.org/10.1021/cen-10235-buscon16
- Primary Topic
- Science, Research, and Medicine
- Type
- article
- Field-Weighted Citation Impact
- 0.00