China's WuXi PharmaTech tapping banks for $1.5b IPO for biologics arm

China's WuXi PharmaTech tapping banks for $1.5b IPO for biologics arm

Photo: Pixabay

WuXi PharmaTech (Cayman) Inc., China’s biggest contract medical researcher, has picked banks for an initial public offering of its biologics unit that could value the business at about $1.5 billion, people with knowledge of the matter said.

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