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Outsourcing
Biosecure Act impacts WuXi’s Advanced Therapies business
by Aayushi Pratap
November 8, 2024
| A version of this story appeared in
Volume 102, Issue 35
The Biosecure Act is forcing WuXi AppTec to assess the future of WuXi Advanced Therapies, its cell and gene therapies unit. WuXi blames the act—which prohibits US pharma and biotechnology companies from working with WuXi and other Chinese firms—for a 17% decline in WuXi Advanced’s revenue through the third quarter of this year. The company says it is assessing its options to ensure the continued operation of this business.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2025 American Chemical Society
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