WuXi: One of China's Top 10 Outsourcing Companies

WuXi PharmaTech (WX) was named one of the Top Ten Leading Outsourcing Enterprises in China, a list selected by China’s Ministry of Commerce. The ministry announced the composition of the list at the Second Annual China International Service Outsourcing Cooperation Conference, held in Nanjing on June 23 and 24, 2009. WuXi PharmaTech, a highly visible China CRO with additional operations in the US, is the only representative of the healthcare sector on the list.

According to the ministry, revenue from Chinese outsourcing companies in 2008 grew 34% year over year to $1.5 billion. The top ten companies produced almost one third of that revenue. WuXi’s 2008 revenues totaled $256 million, and they are expected to grow to $320 million in 2010.

Companies on the list included representatives from healthcare, service and manufacture, government, education and finance sectors.

WuXi PharmaTech also announced that it received an award from BASF, the huge German chemical company. WuXi supplied BASF with custom synthesis services for new crop-protection active ingredients. The award recognized the “excellent service and outstanding contributions” made by WuXi in its work.

"We had been looking for a good CRO collaboration partner for years, and today I think we have found one, a top-notch partner," Dr. Alfred Hackenberger, President of the Specialty Chemicals Research Division at BASF, commented at the award ceremony, according to a release. "And I know that WuXi will continue to provide the same excellent service in the future."

Disclosure: none.