This report was first published by Endpoints News. To see the original version, click here
WuXi AppTec’s sales are becoming even more increasingly dependent on the US despite the service provider not yet fully shaking off concerns over its ties with the Chinese military.
The company said its US revenue reached 31.25 billion Chinese yuan ($4.5 billion) last year, which is a 34.3% increase compared to the year prior. The US now makes up 72% of its total revenue, the highest it’s been since 2022. Meanwhile, its full-year sales in Europe and China have dipped.
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