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Financial Report: WuXi PharmaTech

Manufacturing revenues jump 149%

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By: Tim Wright

Editor-in-Chief, Contract Pharma

WuXi PharmaTech 2Q11 2Q Revenues: $101.1 million  (+25%) 2Q Earnings: $18.7 million (+36%) YTD Revenues: $194.7 million (+20%) YTD Earnings: $36.9 million (+26%) Comments: Growth in the quarter was driven by Manufacturing Services revenue, up 149% to $21.0 million and China-based Laboratory Services, up 15% to $60.3 million. Laboratory Services were up 10% to $80.1 million in the quarter....

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