WuXi AppTec Sells Cell, Gene Therapy Unit

MT Newswires00:53 ET

Selling ATU's USA and United Kingdom Business, the strategy behind WUXI APPTEC.

There is gain in loss.

wallstreetcnDec 24 21:26 ET

WUXI APPTEC will transfer the WuXi ATU Business to a USA Fund. Is the "optimal solution" for the "gray rhino" of the Biological Safety Act?

① This evening, WUXI APPTEC announced that it will transfer its WuXi ATU Business in the USA and United Kingdom to the USA Private Equity Fund Altaris in exchange for Cash.; ② In the first three quarters, WuXi ATU achieved revenue of 0.853 billion, accounting for only about 3% of the total revenue for the first three quarters.; ③ After the transfer of this Business, the accusations and suspicions related to its gene business may be cleared under the Biosecurity Act.

cls.cnDec 24 10:58 ET

WuXi AppTec Sells Therapy Units to Altaris LLC

TipRanksDec 24 09:08 ET

Express News | WuXi AppTec - Units to Sell All of Shares in Wuxi Advanced Therapies Inc. to Altaris LLC

ReutersDec 24 08:37 ET

Express News | WuXi AppTec - Business Update in Connection With Wuxi Atu Business

ReutersDec 24 08:37 ET