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The Bamboo Works

CStone Pharma Replaces Chairman Amid Huge Losses, Irregular Investment

WuXi AppTec Molly Wen Li Wei China

Key Takeaways:

CStone brought four products to market last year, and its losses have surged due to growing R&D and sales spending
Appointment of chairman with close ties to WuXi AppTec reveals a power struggle between shareholders and management

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