A biotech trade association in the United States has announced its decision to sever ties with China's WuXi AppTec, a major player in the genetics industry. The move comes amidst growing concerns over intellectual property theft and national security risks associated with collaborations between US and Chinese companies.
WuXi AppTec, a leading global provider of R&D services for the pharmaceutical, biotechnology, and medical device industries, has been a key partner for the biotech trade association in facilitating research and development activities. However, recent geopolitical tensions and regulatory scrutiny have prompted the association to reevaluate its partnership with the Chinese company.
