Oct 3 (Reuters) - WuXi AppTec and WuXi
Biologics ( WXIBF ) are planning to sell some of their
operations after the Chinese biotech companies were targeted by
the U.S. on national security grounds, the Financial Times
reported on Thursday.
WuXi AppTec has put its cell and gene therapy manufacturing
unit WuXi Advanced Therapies, which operates four laboratories
and manufacturing facilities in Philadelphia, up for sale, the
newspaper reported, citing people familiar with the matter.
WuXi Biologics ( WXIBF ) is working with advisers to test interest in
some of its European production facilities, FT said.
Wuxi AppTec and Wuxi Biologics ( WXIBF ) did not immediately respond
to a Reuters request for comment.
The U.S. House of Representatives passed a bill last month
aiming to restrict business with China's WuXi AppTec and several
other biotech companies on national security grounds.
The bill was passed by 306 to 81 votes, topping the
two-thirds majority needed, following which it must pass the
U.S. Senate before it can be sent to President Joe Biden to be
signed into law.
China's foreign ministry has described the bill as
"discriminatory", saying that the U.S. should stop making
"excuses" to suppress Chinese enterprises.