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Sunday, January 28, 2024

WuXi Bio Denies Military Ties After Shares Slumped on US Bill

 

WuXi Biologics Cayman Inc. said its CEO hasn’t worked for any military-affiliated institution after its shares were hammered by news that proposed US legislation would ban the company from American government contracts.

Chief Executive Officer Zhisheng Chen hasn’t worked for or received compensation from the Academy of Military Medical Sciences or any military-affiliated institution, the Hong Kong-listed biotech firm said in a Monday stock exchange filing.

https://www.bloomberg.com/news/articles/2024-01-29/wuxi-bio-denies-military-ties-after-shares-slumped-on-us-bill

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