Shares of WUXI BIO (02269) soared 16.33% to close at HK$78.50 on Thursday, amid news that its subsidiary WuXi Biologics (Cayman) and affiliate WuXi AppTech are planning to sell certain operations in response to restrictions imposed by the United States.
WUXI BIO, a leading global provider of innovative biologic drug development and manufacturing services, saw its stock surge to a new 52-week high on the Hong Kong Stock Exchange. The rally was driven by reports that WuXi Biologics (Cayman) and WuXi AppTech are offloading their cell and gene therapy manufacturing unit, WuXi Advanced Therapies.
The move comes as the US government has tightened scrutiny on Chinese companies involved in biotechnology and advanced manufacturing due to national security concerns. By divesting these operations, WUXI BIO aims to address potential regulatory hurdles and mitigate risks associated with its US business.
Analysts view the divestment plan as a strategic move by WUXI BIO to protect its core business and maintain its strong foothold in the global biopharmaceutical market. The company's commitment to compliance and adaptability in the face of geopolitical tensions has been well-received by investors, as evidenced by the significant stock price surge.
The Hong Kong Stock Exchange saw broad gains on Thursday, with the Hang Seng Index climbing 2.82% to 22,736.87 points, boosted by a rally in tech and e-commerce stocks. WUXI BIO's strong performance contributed to the positive sentiment in the market.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。