WXXWY - WuXi Biologics says no impact on business amid units added to Unverified List by US

WuXi Biologics (Cayman) (OTCPK:WXXWY) said the company has become aware of a recent U.S. Commerce Department announcement that two of its subsidiaries in Shanghai and Wuxi will be added to the department's "Unverified List" (UVL) on Feb. 8. The company said the reason for this action is because U.S. government agencies have not been able to undertake required end-use verifications in order for certain equipment to be exported from U.S. suppliers. WuXi Biologics added that the "Unverified List" is not the U.S. "Entity List" or "Black List" that are more well known. The company noted that it been importing certain hardware controllers for bioreactors and certain hollow fiber filters that are subject to U.S. export controls but have received Commerce Department approval for the last 10 years. The company added that it is compliance with all U.S. export control regulations and that it does not re-export or resell these items to any

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WuXi Biologics says "no impact" on business amid units added to "Unverified List" by US