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VisitWuXi AppTec's sector expansion in response to Biosecure Act by 2024
Gene therapy • 25%
Artificial intelligence in medicine • 25%
Vaccine development • 25%
Remain focused on current sectors • 25%
Company announcements or credible business news sources
U.S. House Sets 2032 Deadline for Decoupling with WuXi AppTec, Other Chinese Biotechs
May 10, 2024, 05:30 PM
The U.S. House of Representatives has revised the Biosecure Act, setting a new 2032 decoupling deadline for American drugmakers to sever ties with Chinese biotechnology firms such as WuXi AppTec and WuXi Biologics. Originally, the bill proposed a more rapid decoupling from Chinese biotechs, which raised concerns among stakeholders about potential negative impacts on patients and biopharmaceutical companies. A survey by @IAmBiotech highlighted these concerns. Additionally, WuXi AppTec has been actively contesting the claims made in the anti-China biotech bills, asserting its role in bolstering U.S. biomanufacturing.
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