Oncolytics Biotech Inc T.ONC

RE:RE:RE:USA Inflation Reduction Act (IRA) 2022 Re: Biotech and China

[Noteable]

March 13, 2024 - WuXi became a critical partner to biopharma companies. They’re not ready if the US cracks down.

 

It’s hard to disentangle WuXi AppTec’s rise from China’s. Over the last two decades, the Shanghai-based company grew from nothing into a research superstore for the world’s biopharma companies.

https://endpts.com/wuxi-became-a-critical-partner-to-biopharma-companies-theyre-not-ready-if-the-us-cracks-down/

March 6 (Reuters) - The U.S. Senate's homeland security committee voted on Wednesday to approve a bill that could restrict business with Chinese biotech companies like BGI and WuXi AppTec on security grounds. The bill is designed to keep Americans' personal health and genetic information from foreign adversaries. WuXi AppTec, for example, generates more than half of its sales from its U.S. business and operates facilities across the country including in Georgia, Pennsylvania and California, as well as a new campus set to open in Delaware., opens new t on national security grounds.The bill is designed to keep Americans' personal health and genetic information from foreign adversaries. The bill has spurred deep concern among investors, driving a sell-off in the shares of WuXi AppTec when news of its introduction first reached Chinese markets last month.