China’s Wuxi AppTec says it should not be ‘company of concern’ in draft US biotech bill China | 4 Feb 2024 5:38 pm China’s WuXi AppTec said on Sunday it has no affiliation with any governments or their military organizations, and it should not be listed as a “biotechnology company of concern” in a draft U.S. bill. The drug research and development group said in a filing to the Shanghai Stock Exchange that it has no human genomics business and does not collect human genome data in any of its existing businesses. The company “has not, does not and will not pose a national security risk to any country,” it said. Shares of WuXi AppTec plunged 21.2 percent to their lowest since August 2019 on Friday as investors fears grew over the U.S. bill. Its Shanghai-listed stocks also slumped by the daily price limit of 10 percent. (Reuters) Today’s Standard
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