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China’s WuXi to sell Advanced Therapies unit to US private equity firm

By Thomson Reuters Dec 24, 2024 | 8:01 AM

(Reuters) – China’s WuXi AppTec said on Tuesday its subsidiaries have signed a deal with U.S.-based private equity firm Altaris LLC for the sale of its cell and gene therapy manufacturing unit, WuXi Advanced Therapies, for an undisclosed sum.

(Reporting by Rajasik Mukherjee; Editing by Krishna Chandra Eluri)