Shares of WuXi AppTec Co. and WuXi Biologics Cayman Inc. surged Monday, after a draft US legislation targeting the Chinese biotechnology service firms was left out of a key defense bill.
WuXi AppTec’s shares rose as much as 12% 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%, while MGI Tech Co. climbed 4.3% in Shanghai.
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