China’s WuXi Stocks Plunge on Fears Over US Biotech Bill

China’s WuXi Stocks Plunge on Fears Over US Biotech Bill

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Publicly traded shares of WuXi AppTec Co Ltd and WuXi Biologics (Cayman) were hammered on Friday as investor fears grew over a draft US bill targeting Chinese biotech giants. Wuxi AppTec plunged by over 21% to its its lowest level since August 2019, while Wuxi Biologics lost 20.7% and sank to a…

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