WuXi AppTec Co. posted better-than-expected third-quarter revenue despite concerns over a US bill seeking to block the Chinese company from accessing federally-funded contracts.
Revenue fell 2% to 10.5 billion yuan ($1.47 billion) in the three months ended September, according to a company filing on Monday. That was higher than the 10 billion yuan forecast in a median estimate of analysts compiled by Bloomberg. WuXi AppTec reported revenue from US clients of 17.6 billion yuan in the first nine months of this year, representing a 7.6% increase from a year ago excluding Covid-19 projects.
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