WuXi Biologics Faces Uncertain Future in the U.S. After BIOSECURE …
WEB1 day ago · While WuXi Biologics was at first spared from being named in the BIOSECURE Act when it was introduced to U.S. Congress late last year, a revision of the bill introduced in May added the Chinese-based contract development and manufacturing organization. Over the past five months, WuXi Biologics’ stock has at times fallen by more than 50%, and the company reported a drop in net profit of 24% ...
US bill to restrict business with China's WuXi AppTec, BGI passes …
WEBSep 9, 2024 · The U.S. House of Representatives passed a bill on Monday that aims to restrict business with China's WuXi AppTec , BGI and several other biotech companies on national security grounds, drawing ...
US bill to restrict WuXi AppTec, Chinese biotechs revised to give …
WEBMay 10, 2024 · A new version of a congressional bill that would restrict U.S. business with certain Chinese biotechnology companies including WuXi AppTec and BGI would give U.S. companies until 2032 to end work ...
WuXi shares jump after BIOSECURE Act's exclusion from defense …
WEBJun 12, 2024 · After months of sharp share-price declines, WuXi AppTec and WuXi Biologics enjoyed a brief respite Wednesday amid new uncertainties about the legislative path of the BIOSECURE Act.
China’s WuXi explores sale of pharma units as US restrictions loom
WEB6 days ago · WuXi AppTec and WuXi Biologics are among five China-based companies targeted by the Biosecure Act, which would ban drugmakers with US government contracts from using the Chinese groups’ services ...
US House committee advances bill to restrict BGI, WuXi AppTec
WEBMay 15, 2024 · The Biosecure Act would bar federal agencies from contracting with biotech companies deemed of concern. It also would prohibit contracts with companies that use those companies' equipment or services.
BIOSECURE Act Sails Through House Passage, Lines Up Senate Vote
WEBSep 10, 2024 · The U.S. House of Representatives on Monday voted in favor of the BIOSECURE Act, which would restrict American companies from working with specific Chinese biotech companies—potentially putting more pressure on …
New bill sets decoupling deadline for industry's work with WuXi
WEBMay 10, 2024 · The amended BIOSECURE Act adds WuXi Biologics to its targets and gives biopharma companies until the start of 2032 to halt work with the two WuXi's.
U.S. Scrutiny of Chinese Company Could Disrupt U.S. Supply Chain …
WEBApr 15, 2024 · A House bill called the Biosecure Act linked the company to the People’s Liberation Army, the military arm of the Chinese Communist Party. The bill claims WuXi AppTec sponsored military-civil ...
US House committee advances bill to restrict BGI, WuXi AppTec
WEBMay 15, 2024 · The Biosecure Act would bar federal agencies from contracting with biotech companies deemed of concern. It also would prohibit contracts with companies that use those companies' equipment or services.