WuXi AppTec removed from Pentagon’s Chinese military list
A federal court in Washington barred the US defence department from enforcing the designation after the biotechnology company filed a lawsuit.
On Monday, the Pentagon removed Chinese biotechnology company WuXi AppTec from its list of designated Chinese military companies. This decision came following a federal court ruling in Washington that barred the department from enforcing the designation, as per a government posting. The designation was removed after WuXi AppTec argued in court that the Pentagon's initial classification was arbitrary, unsupported by facts, and the result of political pressure.
The Pentagon had expanded its blacklist of alleged Chinese military companies to 188 entities on June 8. The company's removal from the list means it is no longer subject to the 1260H designation, as stated in a filing to the Hong Kong stock exchange on Tuesday morning. WuXi AppTec emphasized its commitment to serving customers and developing medicines for patients.
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- WuXi AppTec removed from Pentagon’s Chinese military list freemalaysiatoday.com
- WuXi AppTec shares jump following Pentagon list removal asia.nikkei.com
