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WuXi PharmaTech Squeezes Suppliers

Aggregated Source: China Stocks News and Analysis from Seeking Alpha
January 30, 2008|

WuXi PharmaTech (WX) held a conference Monday with its suppliers. Following a classic good-news/bad-news theme, the Shanghai-based CRO told its suppliers that it expected to increase spending between 50% and 100%, but at the same time, the company asked suppliers for better terms:

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