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WuXi Biologics intends to establish a joint venture company for US$120 million to develop and produce ADCs and other drugs

 Last Update: 2021-04-14
 Source: Internet
 Author: User

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On the evening of March 30, WuXi Biologics (02269) issued an announcement stating that the company plans to cooperate with Shanghai Hequan Pharmaceutical Co.

According to the announcement, WuXi XDC will be engaged in the contract development and production of antibody-conjugated drugs (ADC) and other bio-conjugated drugs.

According to the announcement, WuXi Biologics and Hequan Pharmaceuticals will strive to build WuXi XDC into an integrated and end-to-end contract development and production service (CDMO) company, specializing in the development and production of ADCs and other bioconjugate drugs.

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