Most of the Hong Kong stocks in the innovative drug sector rose, with WuXi Biologics (02269.HK) rising more than 5%, WuXi AppTec (02359.HK) rising more than 4%, BeiGene (06160.HK) and CSPC Pharmaceutical Group (01093.HK) rising nearly 4%.

2025-09-01 10:04:30

BeiGene WuXi Biologics WuXi AppTec

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                                    Challenger Gray, a US employment consulting firm, reports that pharmaceutical companies announced plans to lay off 19,112 employees in August, bringing the total to 22,433. This represents a 142% increase compared to the 9,254 layoffs reported in the same period last year. The industry is facing increasing competition from patent expirations and is refocusing on higher-margin products. Many companies are also implementing artificial intelligence, which is leading to restructuring and job losses.
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