Welcome to our dedicated page for Wuxi Apptec news (Ticker: WUXAY), a resource for investors and traders seeking the latest updates and insights on Wuxi Apptec stock.
WuXi AppTec Co., Ltd. (WUXAY) is a global leader in pharmaceutical R&D and manufacturing services, providing critical support for drug discovery through its integrated CRDMO and CTDMO platforms. This news hub offers investors and industry professionals centralized access to essential updates shaping the company's position in life sciences innovation.
Track official press releases covering clinical trial milestones, regulatory approvals, and strategic partnerships. Our curated news collection includes earnings reports, manufacturing capacity expansions, and technological advancements across small-molecule and biologics development. Key updates span: quarterly financial results, global facility certifications, novel therapy collaborations, and operational efficiency initiatives.
This resource enables stakeholders to monitor WuXi AppTec's progress in accelerating drug development timelines while maintaining compliance with international quality standards. Regular updates reflect the company's role in enabling cost-effective solutions for 6,000+ clients across 30 countries.
Bookmark this page for real-time notifications on material developments impacting pharmaceutical services markets. Combine these updates with fundamental analysis tools available through Stock Titan for comprehensive investment decision-making.
WuXi AppTec announced that its Active Pharmaceutical Ingredient (API) manufacturing sites in Changzhou and Taixing, China, have successfully passed U.S. FDA inspections in March 2025 with no observations or Form 483 issues.
The Changzhou facility's GMP surveillance inspection covered 21 FDA-approved products, while Taixing completed a Pre-Approval Inspection for commercial manufacturing of a peptide-based therapeutic. The 169-acre Taixing site, operational since September 2023, is the company's newest and largest API manufacturing facility.
WuXi AppTec is expanding globally with recent developments including:
- Doubled oral dose capacity at Couvet, Switzerland facility in 2024
- Ongoing construction of Middletown, Delaware site (operations expected by 2026)
- New Singapore R&D and manufacturing site groundbreaking (Phase I operations planned for 2027)
WuXi AppTec reported strong financial results for 2024, with Q4 revenue reaching RMB11,539 million (up 6.9% YoY) and full-year revenue of RMB39,241 million (up 5.2% YoY excluding COVID-19 projects). Key highlights include:
- Net profit of RMB9,450 million with diluted EPS of RMB3.26
- Record-high free cash flow of RMB7.98 billion
- Backlog growth of 47% YoY reaching RMB49.31 billion
- ~6,000 active customers with ~1,000 new additions in 2024
The company's CRDMO platform showed significant growth with 1,187 new molecules added in 2024, bringing the total pipeline to 3,377 molecules. Global expansion continues with new facilities in Switzerland, Delaware (US), and Singapore. For 2025, WuXi AppTec projects 10-15% YoY revenue growth, targeting RMB41.5-43.0 billion, and announces plans for increased shareholder returns through dividends and share buybacks.
WuXi AppTec has joined the Pharmaceutical Supply Chain Initiative (PSCI) as a Supplier Partner, demonstrating its commitment to responsible business practices and supply chain resilience. The PSCI is a global non-profit membership association focusing on driving responsible value chains through Audit, Capability, and Projects.
Edward Hu, Vice Chairman of WuXi AppTec and Chairman of its ESG Committee, emphasized the company's dedication to fostering responsible business practices across the global supply chain. The company has achieved several notable ESG recognitions in 2024, including ranking #1 in the Global Life Sciences Tools & Services Industry in S&P Global's Corporate Sustainability Assessment and receiving a gold medal from EcoVadis. WuXi AppTec has maintained its AA MSCI ESG rating for four consecutive years and was included in the 2024 Dow Jones Sustainability Indices.
WuXi AppTec has been included in both the 2024 DJSI World and DJSI Emerging Markets indices for the fourth consecutive year, highlighting its commitment to sustainability. The company ranked first in the Life Sciences Tools & Services sector in the 2024 S&P Global Corporate Sustainability Assessment, being one of only four companies in its sector globally included in DJSI World and the only one in DJSI Emerging Markets.
The company's ESG achievements in 2024 include receiving an AA ESG rating from MSCI, earning a gold medal from EcoVadis, and being named to the S&P Global Sustainability Yearbook and FTSE4Good Index Series. WuXi AppTec has also joined the United Nations Global Compact and the Science Based Targets initiative to support global sustainability efforts and reduce carbon emissions.
WuXi AppTec has achieved a gold medal in the 2024 EcoVadis sustainability rating, placing in the top 2% of evaluated companies with a score of 80/100. The rating reflects excellence across environment, labor & human rights, ethics, and sustainable procurement.
The company's commitment to sustainability is further demonstrated by its #1 ranking in the Global Life Sciences Tools & Services Industry by S&P Global, an AA ESG rating from MSCI, and inclusion in the FTSE4Good Index Series.
WuXi AppTec has also joined key sustainability initiatives, including the United Nations Global Compact in 2024 and the Science Based Targets initiative in 2023 to reduce carbon emissions.
WuXi AppTec's Couvet facility in Switzerland has received a silver medal in EcoVadis' 2024 business sustainability ratings, placing it in the top 9% of all rated companies. The site, which provides clinical and commercial-scale manufacturing for oral solid dosage forms, was assessed across Environment, Labor & Human Rights, Ethics, and Sustainable Procurement. The facility maintains ISO 14001 & ISO 45001 certifications and was designed with advanced energy efficiency standards. WuXi AppTec has achieved notable ESG recognition, including ranking #1 in Global Life Sciences Tools & Services Industry in S&P Global's assessment and receiving an AA ESG rating from MSCI for the fourth consecutive year.
WuXi AppTec has achieved the #1 ranking in the global Life Sciences Tools & Services sector in the 2024 S&P Global Corporate Sustainability Assessment (CSA), scoring 80 out of 100 points, an 11-point improvement from 2023. The company received perfect scores in 43 out of 102 evaluated areas, including Risk Governance, Climate Risk Management, and Human Capital Return on Investment.
The achievement highlights WuXi AppTec's commitment to environmental, social and governance (ESG) practices. The company has maintained an MSCI AA ESG rating for four consecutive years and has been recognized by multiple global ESG rating agencies. WuXi AppTec has also joined the Science Based Targets initiative and committed to the United Nations Global Compact, demonstrating its dedication to sustainable development.
WuXi AppTec has been awarded the 2024 Global CRDMO Company of the Year Award by Frost & Sullivan for the eighth consecutive year. The recognition highlights the company's excellence in providing integrated contract research, development, and manufacturing services to pharmaceutical and life science industries. The award acknowledges WuXi AppTec's commitment to quality standards, innovation, and ability to help customers accelerate development while managing costs effectively. The company's CRDMO model offers comprehensive support from discovery to commercialization, enabling customers to deliver groundbreaking treatments to patients worldwide.
WuXi AppTec reported Q3 2024 revenue of RMB10,461 million, up 14.6% YoY excluding COVID-19 commercial projects. For the first three quarters, revenue reached RMB27,702 million, growing 4.6% YoY excluding COVID-19 projects. Net profit attributable to owners was RMB6,533 million with diluted EPS of RMB2.24. The company's backlog grew 35.2% YoY to RMB43.82 billion. Operating cash flow increased 10.4% YoY with free cash flow of RMB5.56 billion. The company added over 800 new customers while maintaining 6,000+ active customers. Revenue from top 20 pharmaceutical companies grew 23.1% YoY to RMB11.22 billion excluding COVID-19 projects.
WuXi AppTec reported financial results for the first half of 2024. Revenue for Q2 2024 was RMB9,259 million, up 16.0% QoQ. Adjusted non-IFRS net profit increased by 28.5% QoQ to RMB4,372 million. For H1 2024, revenue excluding COVID-19 projects was RMB17,241 million, down 0.7% YoY, with an adjusted gross profit margin of 39.8%. The net profit attributable to shareholders was RMB4,240 million. Operating cash flow grew 48.3% YoY. The company added over 500 new customers and achieved a backlog of RMB43.10 billion, up 33.2% YoY. WuXi Chemistry recorded H1 revenue of RMB12.21 billion, growing 2.1% YoY. TIDES business revenue grew 57.2% YoY. WuXi Testing saw a 5.4% decline in lab testing revenue. WuXi ATU revenue dropped 19.4% YoY due to U.S. legislation impacts. For the full year, WuXi AppTec aims for revenue between RMB38.3-40.5 billion and free cash flow of RMB4-5 billion.
