Pentagon Names WuXi AppTec on Chinese Military List (1)

The Pentagon has named major pharmaceutical contractor WuXi AppTec Co. on a list of firms associated with the Chinese military, a move that could threaten its business and complicate research being done by American drugmakers.

WuXi AppTec, based in China, has performed various services for many of the world’s largest pharmaceutical companies, including drug discovery. As of 2024, WuXi was producing much of the active base ingredient used in Eli Lilly & Co.’s obesity drug Zepbound, Bloomberg has reported.

WuXi AppTec’s shares in Hong Kong fell as much as 6% on Tuesday morning, while its mainland China-listed shares fell ...