WuXi AppTec Successfully Holds Its 2009 Supplier Conference in Shanghai
Feb 10, 2009
February 10, 2009 – Shanghai, China – WuXi PharmaTech (NYSE: WX), a leading pharmaceutical, biotechnology and medical device research and development outsourcing company with operations in China and the United States, announced it had recently held a successful 2009 supplier conference in Shanghai.
The half-day event, with a theme of "Stick together to create a brilliant 2009," assembled 110 representatives of suppliers who provide the company with top-quality instruments and other equipment, raw materials, reagents, consumables, and related products and services. The conference provided a venue to exchange new ideas and strategies to improve the efficiency of the supply chain and to positively impact future financial and operational performance.
WuXi AppTec also took the occasion to provide special recognition to suppliers who helped the company achieve greater efficiency and cost savings. WuXi evaluates its suppliers on the basis of quality of management, quality of products, on-time delivery, customer service, and cost. To acknowledge their highly proactive and responsive service, the company presented the Preferred Supplier Award to Agilent Technologies Inc. and Service Awards to Fulltime Holdings Ltd. and Sigma-Aldrich (Shanghai) Trading Co., Ltd. Dr. Richard M. Soll, Vice President of Medicinal Chemistry, commented, "Outsourcing is now widely recognized as a highly effective and cost-efficient approach to pharmaceutical R&D. WuXi's mission is to improve the success of research and shorten the time of development of the world's leading biopharmaceutical and medical device companies. We are succeeding by offering a broad range of capabilities: an international leadership team with extensive experience in the industries we serve; a large staff of highly educated and trained scientists; broad technical expertise; world-class facilities in both China and the U.S.; and an intense focus on meeting the needs of a diversified customer base."
"2008 was a year of significant achievement for WuXi AppTec,'' said Mr. Xiaozhong Liu, Executive Vice President. ''Our governing principle is to develop new capabilities and add new capacity to provide a broad and integrated portfolio of laboratory and manufacturing services throughout the drug and medical device R&D process. In that regard, we completed the acquisition of AppTec Laboratory Services, Inc., which gave our company new testing capabilities to serve biotech and medical device customers. We have now completed the integration of AppTec and look forward to building on its solid base of business.
''We also made substantial progress in 2008 in constructing two new facilities-the GLP Drug Evaluation Center in Suzhou, one of the largest in Asia, and an expansion of the manufacturing facility in the Jinshan area of Shanghai. Both facilities are now fully constructed and undergoing validation. Both provide opportunities for significant revenue growth in 2010 and beyond.
''For these initiatives and our ongoing business to be successful, we need continued support from a dedicated group of high-quality suppliers," Mr. Liu concluded. ''WuXi has been fortunate to continue to experience rapid growth in our global business despite global financial crisis. This conference is an expression of the continued commitment of WuXi and its suppliers to establish a perfect cost-efficient partnership to serve healthcare manufacturers better."
About WuXi PharmaTech (Cayman) Inc.
WuXi PharmaTech is a leading pharmaceutical, biotechnology and medical device R&D outsourcing company, with operations in China and the United States. As a research-driven and customer-focused company, WuXi PharmaTech provides pharmaceutical, biotechnology and medical device companies a broad and integrated portfolio of laboratory and manufacturing services throughout the drug and medical device R&D process. WuXi PharmaTech's services are designed to assist its global partners in shortening the cycle and lowering the cost of drug and medical device R&D. The operating subsidiaries of WuXi PharmaTech are known as WuXi AppTec. For more information, please visit: www.wuxiapptec.com.