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 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.
Key Developments
- •Dispatch filed via South China Morning Post.
- •Prolific News Network ASIA desk tracking developments.
- •Rolling broadcast analysis streaming live on Prolific Watch Hub.
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.
Source: South China Morning Post. Prolific Newsroom is monitoring this developing story across our regional bureaus and will update as more information is confirmed.
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