Did you know?

ChinaBio® Group is a consulting and advisory firm helping life science companies and investors achieve success in China. ChinaBio works with U.S., European and APAC companies and investors seeking partnerships, acquisitions, novel technologies and funding in China.  

Learn more >>

Free Newsletter

Have the latest stories on China's life science industry delivered to your inbox daily or weekly - free!

See preview >>

  Email address:
   

WuXi Biologics’ Stock Price Falls 24% after Company Reduces H2 Revenue Estimate

publication date: Dec 4, 2023

Trading in WuXi Biologics was stopped today after its shares dropped 24% to HK$33.15 following the company’s investor presentation that predicted lower revenues and profits for 2023’s second half. The company said it would not meet a 30% target for 2023 revenue growth. Its new development agreements are lower by 40 projects, causing a drop of US$300 million, while delays in regulatory approvals will lower manufacturing revenues by US$100 million. Longer term, the CRDMO expects its revenues from Research projects will flatten out, while most of its growth will come from Development and Manufacturing services. More details....

Stock Symbol:  (HK: 2289)

Share this with colleagues:  


This article is available for purchase - please click here for details.

Sorry this page is available to subscribers only.
If you're not a subscriber why not subscribe today?

If you are already a subscriber, please login.

If you believe you should have received this message in error, please contact us.


 

To gain access to the members only content click here to subscribe.

You will be given immediate access to premium content on the site.

Upcoming Events

ChinaBio® Partnering Forum
September 10–11, 2024 | Shanghai, China
Register here

BIO-Europe®
November 4–6, 2024 | Stockholm, Sweden
Save €900 before September 13!
Register here

Biotech Showcase™
January 13–15, 2025 | San Francisco, CA
Save $600 before September 27!
Other Relevant Events

Antibody Engineering & Therapeutics Asia
October 21–23, 2024 | Kyoto, Japan
Save 30% with code CHINABIO30!
Register here