WuXi Bio Prescribes Share Buyback To Relieve Revenue Pain (undefined:WXXWY) seekingalpha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seekingalpha.com Daily Mail and Mail on Sunday newspapers.
Key Takeaways: After its shares plunged more than 30% in a week, WuXi Bio announced a buyback of 10% of its shares, saying the battered price did not reflect the company’s value or business prospects The company blamed the weaker revenue outlook on a financing slowdown in the biopharma industry and regulatory delays in launching star