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WuXi AppTec, WuXi Biologics surge on slimmer chances of US Biosecure Act’s passage

WuXi AppTec, WuXi Biologics surge on slimmer chances of US Biosecure Act’s passage

Shares of Chinese biotech service providers WuXi AppTec and WuXi Biologics surged on Monday, after a draft US legislation seeking to eliminate their linchpin role in global drug development missed its last big window for passage into law this year. WuXi AppTec’s shares rose as much as 12 per cent in early trading in Hong Kong on Monday, lifting the stock to the highest level in two months. WuXi Biologics gained as much as 13 per cent, while MGI Tech climbed 4.3 per cent in Shanghai. The absence of the

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