Bellwether Wuxi Biologics' Plunge Indicative Of China Biotech Challenges

Forecasts Hauled Back

Major Chinese biopharma contract services group WuXi Biologics' share price plummeted after it said external factors would contribute to it missing original revenue targets this year in multiple areas.

China Shanghai stock market crisis red price arrow down chart fall. The concept dependence of economic decline on spread disease. Business analytic infographics. Coronavirus 2019-nCov. Pandemic virus
WuXi Biologics reports rare revenue miss, share prices plunge underscores broader biotech sector downturn • Source: Shutterstock

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