Tag

Wuxi Apptec

All articles tagged with #wuxi apptec

"US Intelligence Warns of WuXi AppTec Sharing Client Data with China, Posing Supply-Chain Risks for Drug Companies"
business-national-security2 years ago

"US Intelligence Warns of WuXi AppTec Sharing Client Data with China, Posing Supply-Chain Risks for Drug Companies"

U.S. intelligence officials briefed senators on concerns that Chinese pharmaceutical firm WuXi AppTec had transferred U.S. intellectual property to Beijing without consent, potentially for use by China's military. The proposed legislation aims to restrict U.S. government funds going to Chinese companies engaged in such activities. WuXi AppTec denied unauthorized transfers and stated compliance with U.S. regulations. The briefing coincided with the Senate's consideration of a bill restricting business with Chinese biotech companies on national security grounds, and led to lobbying group BIO reversing its opposition to the bill, citing national security concerns.

"Biotech Trade Group's Split with WuXi Amid Rising Concerns Over Genetically-Targeted 'Ethnic' Bioweapons"
business2 years ago

"Biotech Trade Group's Split with WuXi Amid Rising Concerns Over Genetically-Targeted 'Ethnic' Bioweapons"

The Biotechnology Innovation Organization (BIO) is ending its association with Chinese company WuXi AppTec following accusations of being a US national security risk. This decision comes as members of Congress target WuXi and other Chinese healthcare firms, with legislation potentially banning them from working in the US or with US companies.