Apr. 30, 2024
WuXi AppTec: 40% New Clients from Europe and the U.S.
TMTPOST--WuXi AppTec reports no instances of significant cancellations of orders by clients despite a U.S. investigation, according to its Q1 earnings conference. With a vast client base, the company acknowledges that different clients make decisions based on their individual circumstances. Approximately 40% of the over 300 new clients in the first quarter were from Europe and the U.S., with nearly 50% from China and the remaining 10% from other regions. In terms of revenue contribution, clients from Europe and the U.S. accounted for a larger proportion.
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