{"id":7303,"date":"2024-03-26T10:29:01","date_gmt":"2024-03-26T02:29:01","guid":{"rendered":"https:\/\/flcube.com\/?p=7303"},"modified":"2024-10-17T10:33:09","modified_gmt":"2024-10-17T02:33:09","slug":"wuxi-xdc-reports-114-4-yoy-revenue-growth-in-2023-driven-by-adc-crdmo-business","status":"publish","type":"post","link":"https:\/\/flcube.com\/?p=7303","title":{"rendered":"WuXi XDC Reports 114.4% YOY Revenue Growth in 2023, Driven by ADC CRDMO Business"},"content":{"rendered":"\n

WuXi XDC (HKG: 2268<\/a>), a joint venture between WuXi Biologics (HKG: 2269<\/a>) and WuXi STA, a subsidiary of WuXi AppTec Co., Ltd (SHA: 603259<\/a>), has unveiled its financial performance for 2023, reporting revenues of RMB 2.124 billion, marking a significant increase of 114.4% year-on-year (YOY), primarily driven by its antibody drug conjugate (ADC) CRDMO business. The company’s net profits also saw a substantial rise, surging 112.1% YOY to RMB 412 million.<\/p>\n\n\n\n

As of December 31, 2023, WuXi XDC has accumulated 427 programs at the discovery stages, which include discovery chemistry, coupling discovery, in vitro and in vivo characterization, and research on exploitability, representing a 42.8% YOY increase. The group has a total of 122 programs at the preclinical or Phase I stages, involving the development of bio coupling raw materials, bio coupling formulation processes, and analytical methods, up 45.2% YOY. Additionally, there are 21 programs at Phase II, Phase III, and process validation stages, involving process optimization and process characterization, indicating a substantial increase of 110.0% YOY.- Flcube.com<\/a>– Flcube.com<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

WuXi XDC (HKG: 2268), a joint venture between WuXi Biologics (HKG: 2269) and WuXi STA,…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAownpewDA:productID":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[7],"tags":[19,27,1183,952,1078,362,292,364],"class_list":["post-7303","post","type-post","status-publish","format-standard","hentry","category-company","tag-cro-cmo-cdmo","tag-finanical-reports","tag-hkg-2268","tag-hkg-2269","tag-sha-603259","tag-wuxi-apptec","tag-wuxi-biologics","tag-wuxi-xdc"],"yoast_head":"\nWuXi XDC Reports 114.4% YOY Revenue Growth in 2023, Driven by ADC CRDMO Business - Insight, China's Pharmaceutical Industry<\/title>\n<meta name=\"description\" content=\"WuXi XDC (HKG: 2268), a joint venture between WuXi Biologics (HKG: 2269) and WuXi STA, a subsidiary of WuXi AppTec Co., Ltd (SHA: 603259), has unveiled its financial performance for 2023, reporting revenues of RMB 2.124 billion, marking a significant increase of 114.4% year-on-year (YOY), primarily driven by its antibody drug conjugate (ADC) CRDMO business. The company's net profits also saw a substantial rise, surging 112.1% YOY to RMB 412 million.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/flcube.com\/?p=7303\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WuXi XDC Reports 114.4% YOY Revenue Growth in 2023, Driven by ADC CRDMO Business\" \/>\n<meta property=\"og:description\" content=\"Navigate the complexities of China\u2019s pharmaceutical industry with precision and clarity. FLCUBE delivers reliable data, news, and intelligence to broaden your horizons and sharpen your decision-making. 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