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Lab and manufacturing revenues on the rise
August 2, 2010
By: Tim Wright
Editor-in-Chief, Contract Pharma
WuXi PharmaTech 2Q10 2Q Revenues: $81 million (+21%) 2Q Earnings: $14 million (-6%) YTD Revenues: $162 million (+28%) YTD Earnings: $29 million (+11%) Comments: Lab services in China brought in $53 million in 2Q10 revenues (+18%), while U.S. lab services were up 19% to $20 million. For 1H10, China lab services were $103 million (+19%) and U.S. lab revenues were $37 million (+17%). Manufacturing services, which are based in China were up 55% in 2Q10 to $8.5 million and up 175% for 1H10 to $22 million, driven by demand for clinical trial supplies.
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