SHANGHAI, June 29 /PRNewswire-Asia/ -- WuXi PharmaTech (Cayman) Inc. (NYSE:
WX) announced today that it had been selected by China's Ministry of Commerce
to the list of Top Ten Leading Outsourcing Enterprises in China. The list was
announced at the Second Annual China International Service Outsourcing
Cooperation Conference, held in Nanjing on June 23 and 24, 2009.
(Logo: http://www.newscom.com/cgi-bin/prnh/20040705/CNM002LOGO )
According to the ministry, revenue generated by Chinese outsourcing
companies in 2008 grew 34% year over year to $1.5 billion. The top ten
companies produced almost one third of that revenue. Those companies
represented the healthcare, service and manufacture, government, education and
finance sectors. WuXi PharmaTech was the only winner in healthcare.
"We are honored to receive this recognition by the Ministry of Commerce,"
said Dr. Ge Li, Chairman and CEO of WuXi PharmaTech. "Outsourcing benefits not
only China by tapping the skills and talents of our country's productive
workforce, but also benefits countries around the world with high-quality,
cost-effective products and services provided by outsourcing service companies.
We are grateful to the Ministry of Commerce for its generous support of WuXi
and the outsourcing industry in general. With continued support, we will
continue to develop both capabilities and capacity to better serve the world's
leading life science companies."
WuXi PharmaTech is a leading pharmaceutical, biotechnology, and medical
device R&D outsourcing company, with operations in China and the United States.
As a research-driven and customer-focused company, we provide a broad and
integrated portfolio of laboratory and manufacturing services throughout the
drug and medical device R&D process. Our services are designed to help our
global partners to improve the success of research and shorten the time of
development cost effectively in discovering and developing drugs and medical
devices.
For more information, please contact:
Ronald Aldridge
Director of Investor Relations
WuXi PharmaTech (Cayman) Inc.
Tel: +1-201-585-2048
Email: Ron_Aldridge@wuxiapptec.com
Web: http://www.wuxiapptec.com
SOURCE WuXi PharmaTech (Cayman) Inc.