WuXi AppTec, WuXi Biologics surge in Hong Kong as biotech firms put some operations for sale

WuXi AppTec’s shares closed up almost 12 per cent to HK$67.10 on Friday, while shares of subsidiary WuXi Biologics rose nearly 15 per cent to HK$21.45.

Those gains were made after The Financial Times, citing people familiar with the matter, reported on Thursday that WuXi AppTec has put on the market its cell and gene therapy unit WuXi Advanced Therapies, which operates four laboratories and manufacturing facilities in Philadelphia, Pennsylvania..