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Growth in the quarter was driven primarily by 28% growth in revenues for China-based Lab Services to $41.6 million, offset by an 81% decline in manufacturing services revenue.
May 15, 2009
By: Tim Wright
Editor-in-Chief, Contract Pharma
WuXi PharmaTech 1Q 1Q Revenues: $59.1 million (+5%) 1Q Earnings: $23.3 million (-11%) Comments: Growth in the quarter was driven primarily by 28% growth in revenues for China-based Lab Services to $41.6 million, offset by an 81% decline in manufacturing services revenue. Lab services revenue grew 33% to $56.5 million, driven by organic growth and the AppTec acquisition....
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