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WuXi Bio Prescribes Share Buyback To Relieve Revenue Pain (undefined:WXXWY)

WuXi Bio Prescribes Share Buyback To Relieve Revenue Pain (undefined:WXXWY)
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WuXi Bio Prescribes Share Buyback To Relieve Revenue Pain

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 ....

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