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Wuxi Pharmatech Ups Spending, Adds Capacity

Aggregated Source: China Stocks News and Analysis from Seeking Alpha
January 29, 2008|

Wuxi Pharmatech Inc. (NYSE: WX), the Shanghai-based provider of pharmaceutical R&D outsourcing services, announced today that it will increase spending on equipment and materials by 50 to 100 percent this year. The expenditures are intended to expand research capacity and facilitate its acquisition of US-based AppTec Laboratory Services Inc.

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