Chinese pharmaceutical firmsโ cost advantages trump Pentagon blacklist: analysts
The Pentagon added Chinese pharmaceutical contractor WuXi AppTec to a list of entities it alleges are linked to the countryโs military, but the blacklisting will not stop multinational drug makers from collaborating with Chinaโs biopharmaceutical firms, according to analysts. โWe view minimal impact given multinational [companies] in pharma still prefer made-in-China for cost efficiency,โ said Cui Cui, head of healthcare research for Asia at Jefferies. โMeanwhile, Wuxi AppTec earnings visibility...
